Obama proposes 14 percent tax on U.S. companies' untaxed foreign earnings

WASHINGTON (Reuters) - President Barack Obama's fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of untaxed foreign earnings accumulated by U.S. companies abroad and use that to fund infrastructure projects, a White House official said.

from Reuters: Business News http://ift.tt/1BKpb9t