The Treasury Department on Wednesday will roll out a corporate tax reform plan from President Barack Obama, administration officials said on Tuesday, with expectations low for any major tax code overhaul in an election year. The Obama plan will follow such principles as “fairness” that the president laid out in his State of the Union address to Congress last month, the officials said. A cut in the corporate tax rate, which presently tops out at 35 percent, may be included, as well as a proposal for a minimum tax on overseas profits, analysts said. Read more: Obama to float corporate tax overhaul Wednesday
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The Treasury Department on Wednesday will roll out a corporate tax reform plan from President Barack Obama, administration officials said on Tuesday, with expectations low for any major tax code overhaul in an election year.

The Obama plan will follow such principles as “fairness” that the president laid out in his State of the Union address to Congress last month, the officials said.

A cut in the corporate tax rate, which presently tops out at 35 percent, may be included, as well as a proposal for a minimum tax on overseas profits, analysts said.

Read more: Obama to float corporate tax overhaul Wednesday

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    overseas profits effectively means redistributing wealth from more favorable jurisdictions back to the United States. In...
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