| GE, Pfizer face US$506b foreign-cash tax in Obama plan, Companies. GE, Pfizer face US$506b foreign-cash tax in Obama plan, Companies. Facebook social plugin | BTflipboard2.jpg BTflipboard2.jpg BTflipboard2.jpg |
GE, Pfizer face US$506b foreign-cash tax in Obama plan
US business lobbyists have been seeking policy changes to help repatriate profits at a rate they deem acceptable. Mr Obamas plan envisions a levy of 19 per cent for future earnings and a one-time, 14 per cent tax on current profits outside the US.
