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Fleischer: Obama’s Budget Seeks International Minimum Tax for Corporations

New York Times Deal Book: Obama’s Budget Seeks International Minimum Tax for Corporations, by Victor Fleischer (San Diego): Sometimes, a tax increase saves jobs. President Obama’s fiscal year 2016 budget introduces a one-time 14 percent tax on approximately $2 trillion of so-called unrepatriated foreign earnings. The tax would raise about…

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