10Minutes on international tax increases

April 2009
  • Print-friendly version
International tax increases

At a glance

PwC analyzes the proposals to change the taxation of US multinational corporations in President Barack Obama's proposed fiscal year 2010 budget.

Obama’s 2010 budget proposed more taxes for US multinationals, which earn nearly half their income abroad. But will the hike affect the many U.S. jobs that rely on successful overseas U.S. operations? Read the April 2009 10Minutes to learn more about:

  • Changes to current “deferral” rules for foreign earnings
  • How higher tax could affect U.S. companies competing abroad
  • Potential limits on domestic expenses and foreign tax credits

Related thought leadership