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Post by bot on Feb 2, 2015 7:04:49 GMT -5
Obama targets foreign profits with tax proposal, Republicans skeptical WASHINGTON (Reuters) - President Barack Obama's fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday. feeds.reuters.com/~r/Reuters/PoliticsNews/~3/fRhTdV4v9gc/story01.htm
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