Monday 18 December 2017

Obama's 30pc rich tax

PRESIDENT Barack Obama wants to include a minimum 30pc tax that would apply only to millionaires.

The Obama administration's 2013 budget proposal calls for raising hundreds of billions of dollars from US-based global companies, while ending deductions and tax breaks for oil companies and big firms. The so-called 'Buffett Rule' is named after billionaire investor Warren Buffett, an advocate for that type of tax structure.

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