Obama to Crack Down on Corporate Offshore Tax Havens

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By some estimates, $700 billion in American corporate earnings are parked in offshore tax havens out of reach for US tax collectors. Today, President Obama announced a plan to crack down "on illegal overseas tax evasion, close loopholes, and make it more profitable for companies to create jobs here in the United States." Tom Braithwaite is business and politics correspondent at the Financial Times.




Warren Olney