How Obama’s Tax Plan May Not Work as Intended-newyorktimes: Companies’ offshore
cash holdings are a tempting target for American tax writers, as
President Obama’s proposal this week to tax deferred offshore earnings
proves. Those same offshore earnings may attract foreign buyers as well. A Bloomberg article on Wednesday by David Kocieniewski rightly identifies an unintended consequence
of the president’s proposal: It provides companies with an additional
incentive to hurry up and move their headquarters overseas before the
rules change.
