Oil Firms Fear Fallout if US Budget Includes Hike on Corporate Taxes

摘要

The budget request sent to Congress by President Barack Obama this week proposes several measures to increase tax revenues from US corporations, some of which would impact energy companies if they are adopted as part of ongoing budget negotiations. Obama's budget would seek to limit the use of overseas tax havens by US compa- nies and limit credits for taxes paid in oth- er countries. Eliminating these benefits could raise nearly $11 billion in revenues over 10 years, according to the White House budget office.