The Traderszone Network

Published in TZ Latest News 19 September, 2014 by The TZ Newswire Staff

Senate Democrats propose exit tax for inverting companies

Two Senate Democrats want to force U.S. Senators Sherrod Brown and Dick Durbin on Friday released details of a bill that would require foreign earnings that have not been repatriated, or brought into the United States, to be taxed as income at the point when a U.S. He previously called for consumers to steer clear of Burger King Worldwide (BKW.N) after it said it would move its tax base to Canada as part of a deal to buy coffee-and-donut chain Tim Hortons (THI.TO).