You will be on the losing end of the argument relative to closing loopholes on so called off shore accounts. They should and must be taxed in the US where the income is actually earned.
I'm thinking American businesses will move 100% of their operations to countries with lower taxes.
America will soon be importing much, much more than it exports.
0 Replies
roger
1
Reply
Tue 5 May, 2009 02:30 pm
@H2O MAN,
To date, this is the only Obama tax intention I can't find reason to oppose.