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[print version]
In the 2010 Presidential Budget, the Administration proposed to fundamentally rewrite some of the basic rules of international taxation, which would severely disadvantage American companies and make U.S. workers less secure. On March 1, 2010, CPC-P joined 287 organizations and companies in a PACE Coalition letter which raised concerns about making changes to international tax laws.
The international tax changes in the President’s budget would amount to a $122 billion tax increase on American multinational companies over the next ten years. The proposals would significantly reduce the ability of these worldwide American companies to compete in markets both at home and abroad.
[print version]
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