Quote:
Originally Posted by 12clicks
""""Obama also planned to ask Congress to crack down on tax havens and implement a major shift in the way courts view guilt. Under Obama's proposal, Americans would have to prove they were not breaking U.S. tax laws by sending money to banks that don't cooperate with tax officials. It essentially would reverse the long-held assumption of innocence in U.S. courts.""""
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so basically if you have an opperational office in US. you could
1. risk having all your foreign revenue be taxed twice (once in that countries and again in the states)
2. move your opperation to canada, take advantage of the free trade agreement to sell your stuff to the states and avoid the problem completely.
and you wonder why we make fun of democrats.