tag:blogger.com,1999:blog-6398232680738279469.post5080782220839503919..comments2024-03-12T07:30:17.846-07:00Comments on The Tax Times: Adminstration's Budget includes Tax Increases on Firms That Move Jobs, Profits OverseasRonald A. Marini, Esq.http://www.blogger.com/profile/14304486100168506240noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6398232680738279469.post-51080222461828252722012-02-21T11:43:04.271-08:002012-02-21T11:43:04.271-08:00Obama: Minimum Tax on Multinational Firms Needed t...Obama: Minimum Tax on Multinational Firms Needed to Improve Fairness <br /><br />Posted February 17, 2012, 7:55 P.M. ET <br /><br />EVERETT, Wash.—There needs to be a “basic minimum tax” for multinational corporations to ensure fairness for American manufacturers, President Obama said Feb. 17 during a campaign-style speech at Boeing's 787 Dreamliner manufacturing plant. <br /><br />Multinational companies should get no tax advantage over companies “investing here and hiring American workers,” Obama said to hundreds of cheering workers. “Every penny of that minimum tax should go towards lowering the taxes for companies like Boeing that choose to stay and hire here in the United States of America.” <br /><br />Obama said American manufacturers should get “a bigger tax cut,” but he did not offer new details. And he said that high-tech manufacturers should get “double the tax deductions” for making products in the U.S.A.Ronald A. Marini, Esq.https://www.blogger.com/profile/14304486100168506240noreply@blogger.com