"A journey of a thousand miles begins with a single step."
Some of you regular readers may remember a lengthy post here on The Silent Podium regarding Foreign Policy AKA Lunacy (Oh how witty..)
It was basically about what things I thing would greatly benefit our suffering economy here in the U.S. specifically regarding foreign policy and taxation.
Today on the White House Blog (Yeah...there IS one! XD ) I read this. For those of you who won't click hyperlinks, here is a very short series of snippets.
"Today the President answered that question with proposals to curb tax havens and replace tax advantages for creating jobs overseas with incentives to create them here at home."
The plan involves;
"Getting Tough on Overseas Tax Havens
· Eliminating Loopholes for 'Disappearing' Offshore Subsidiaries
· Cracking Down on the Abuse of Tax Havens by Individuals
· Devoting New Resources for IRS Enforcement to Help Close the International Tax Gap"
I know I know, politicians often make a lot of promises and usually come through with painfully few but its a start yeah? No word on importer taxation but all in due time... :)