Clinton Administration's Proposal To Increase Taxes For Multinational
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Title: Clinton Administration's Proposal To Increase Taxes For Multinational

Essay Details:

Subject: Miscellaneous
Author: Bert L
Date: December 4, 2015
Level: University
Grade: A
Length: 2 / 598

Essay text:

What this will do is increase the taxes for the rich and will decrease the difference between the rich and the poor. The plan is intent on cutting the middle class tax and finance higher education (yeah right). The current tax law decreases the Federal Treasury Revenue and makes the economy less efficient or less competitive. The multinational tax would disallow multinationals to assume half of their goods are foreign even if they are made in the US. Thus they could export to a country with low taxes and thus pay less taxes. This change would bring an increase of 7.9 Billion in corporate taxes over the next 5 years...

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