Washington DC. Obama now wants to make good on his election promise to target wealthy people and companies that dodge taxes by stashing cash and employing Non USA citizens abroad
Video Details: President Obama unveiled a plan that he said would restore some fairness to the US tax code. It would require overseas banks to issue 1099 forms to US Citizens and making the foreign income reportable and taxable. Obama says his proposal removes tax incentives for US companies to ship their jobs overseas. Obama Amin to hire 800 Full Time IRS agents to help enforce these regulations
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