seems like BO thinks the same as trump.
Obama?s budget proposed to make inversions very difficult for
companies that have the majority of their operations and ownership in
the U.S. He would prevent them from reincorporating abroad if they
are owned by at least 50% of the former U.S. parent?s stockholders
(the current threshold is 80%). He would also require that the new
foreign corporation be primarily managed and controlled from abroad.
What is happening in Congress?
Key members of Congress have introduced legislation based on
Obama?s plan. Sen. Carl Levin (D-MI), Chairman of a subcommittee
that has investigated tax avoidance by Apple and other corporations,
has introduced the Stop Corporate Inversions Act of 2014 (S. 2360).
Rep. Sander Levin (D-MI) has introduced a companion bill in the House
of Representatives (H.R. 4679) that would raise $19.5 billion over 10
years.
http://www.americansfortaxfairness.o...Fact-Sheet.pdf
http://www.treasury.gov/resource-cen...ons-FY2015.pdf