Monday, May 9, 2016

President Obama's Impending War Against International Tax Evasion


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May 09, 2016
 
 
 
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Obama Asks Congress for Crackdown on International Tax Evasion
by ANGELA GREILING KEANE AND MARGARET TALEV President Barack Obama said Congress should pass legislation to rebuild U.S. infrastructure, raise the minimum wage and crack down on money laundering and tax evasion, after his administration released a plan to make it harder for people to hide money in the U.S.
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U.S. Companies Could Lose $1 Trillion if Corporate Interest Tax Deduction Eliminated
by MICHAEL COHN
 
Mid-market corporations in the U.S. could lose up to $1 trillion in equity value if the ability to deduct interest expenses is eliminated, according to a new study.
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Obama Intensifies Push for More Onshore Ownership Disclosure
by ALAN KATZ, JESSE DRUCKER, ANGELA GREILING KEANE AND DAVID KOCIENIEWSKI
 
The Obama administration renewed its push Thursday to make it harder for people to hide money in the U.S., jumping on momentum created by the release of leaked Panama legal documents to pressure Congress on proposals that have been languishing for years.
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