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Obama will seek tighter tax rules for corporate offshore profits

By Patrick Temple-West WASHINGTON (Reuters) – The Obama administration said on Thursday it will seek new limits on overseas tax avoidance by corporations in its forthcoming budget proposal, reprising an approach it has made before to try to raise government revenue via a tighter corporate tax code. With the U.S.…

Obama jobs panel pushes tax reform, U.S. drilling

WASHINGTON (Reuters) – President Barack Obama’s jobs council is calling for a corporate tax overhaul, expanded domestic drilling and new regulatory reforms, a set of proposals unlikely to provide a quick fix for high unemployment or gain much traction in an election year. A panel of business leaders advising Obama…