Financial Regulatory Forum

House tax chief to press Geithner on corporate tax

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.

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Obama still wants corporation tax reform, despite report

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.

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