Financial Regulatory Forum

House tax chief to press Geithner on corporate tax

December 8, 2009

By Kim Dixon

WASHINGTON, Dec 8 (Reuters) – The head of the tax-writing House of Representatives Ways and Means Committee will press Treasury Secretary Timothy Geithner this week to back a plan to cut corporate tax rates and pay for it by closing offshore tax loopholes.

Obama still wants corporation tax reform, despite report

October 13, 2009

U.S. President Barack Obama speaks about tax reform at the White House in Washington May 4, 2009. (File Photo)  REUTERS/Kevin Lamarque WASHINGTON, Oct 13 (Reuters) – President Barack Obama remains committed to reforming international corporate taxation to end “unfair loopholes,” a White House spokeswoman said on Tuesday.
The comment was in response to a front-page article in The Wall Street Journal that said the Obama administration has shelved a plan to raise more than $200 billion in new taxes on multinational companies following complaints from businesses.