The White House has just officially announced the state budget plan for fiscal year 2015-2016. It includes a number of new policies, particularly related to state income tax.
According to the Politico website reported on Tuesday (03/02/2015), President Barack Obama has decided to raise the income tax from companies United States (US), which gain profits overseas.
Unsparing, now the Obama administration asked the state income tax by 14% of the total revenue of US companies operating abroad.
Surely this is a very heavy burden for a number of technology companies from the US. Apple, Google and Microsoft will no doubt be the most disadvantaged.
How come? Neither Apple, Google and Microsoft rely on huge profits from markets outside the US. In fact, Apple's iPhone sold in the markets of Europe and Asia. Google's Android operating system is widely adopted foreign device manufacturers, and Microsoft has long marketed their software in various parts of the world.
Not only sell a variety of products outside the US, the majority of technology companies from Uncle Sam was also known to be quite a lot invested their money abroad. This was done to avoid paying taxes in the US are very 'strangle'.
