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Tag: Amzn

President Obama’s Grand Bargain is DOA – Money Morning

In attempts to break the fiscal stalemate lingering in Washington, D.C., U.S. President Barack Obama claims he’s ready to do some serious “grand bargaining”…

The president presented his so-called grand bargain plan Tuesday during a trip to an Amazon.com Inc. (Nasdaq: AMZN) distribution center in Chattanooga, TN. The controversial proposal includes cutting the corporate tax rate, long-favored by congressional Republicans, in exchange for stepped-up spending on jobs programs.

Corporate Tax Avoidance in the Crosshairs of OECD Plan – Money Morning

Fed up with corporate tax avoidance that keeps their fingers off of billions of dollars in potential revenue to feed their spendthrift ways each year, governments in the world’s richest economies soon hope to have a plan to do something about it.

The Organization for Economic Cooperation and Development (OECD) will present a preliminary version of such a plan at the meeting of G20 finance minister in Moscow on July 17.