The Administration continues the giveaways for corporations that operate outside the United States. The Government's surrender just now on a handful of simple loophole closers (like stopping their interest deduction here for foreign income, income that the People of the United States will not tax from assets we can’t touch) keeps me holding deposits in Australian dollars and Canadian dollars.
Here’s a site on the plan:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1400624
and a site on the surrender:
http://www.huffingtonpost.com/2009/10/13/tax-dodger-crackdown-shel_n_318841.html
Wednesday, October 14, 2009
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