REACTION: Obama’s inconsistent budget

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

REACTION: Obama’s inconsistent budget

Matthew Gilleard
February 14 2012
us-budget-13.jpg

President Barack Obama delivered his 2013 budget speech yesterday and despite not dealing with comprehensive reform of the tax code – proposals for which will come in the next few weeks – he reiterated the sentiments of his State of the Union address and called for ending tax breaks for companies that ship jobs overseas, replacing them with incentives for those companies that conversely bring jobs and investment to the US.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

NewsUnited StatesDirect Tax
MG
Matthew Gilleard
Contact
Matthew Gilleard worked at ITR between 2010 and 2016
more across site & shared bottom lb ros

More from across our site

Direct Tax
ryan london zoo initiative .jpeg
A taxing week: Ryan’s day at the zoo was more than animalistic self-promotion
CSR initiatives can sometimes venture into virtue signalling, but Ryan’s tax literacy event for schoolchildren was a genuine and necessary endeavour
Tom Baker, May 01 2026
Direct Tax
Grant Thornton.jpg
This week in tax: Grant Thornton extends consolidation drive to Australia
Grant Thornton advanced plans to integrate its Australian firm into its US arm, as tax developments spanned law firm hires, aviation levies and digital services taxes
Tom Baker, May 01 2026
Transfer Pricing
Africa
TP audits are moving upstream, but can African authorities keep pace?
A new focus on early intervention and increased AI use is transforming how tax authorities are approaching TP audits, though capacity-constrained jurisdictions risk falling behind
Akashni Ashok Latchanna, April 30 2026
Direct Tax
AI in Tax Forum 2026.JPG
French tax authority leads way in AI adoption
The French administration has used AI to detect undeclared swimming pools and verandas but always includes a human in the loop, the AI in Tax Forum heard
Ed Conlon, April 29 2026
Direct Tax
pillar two forum 2026 crowd shot.JPG
HMRC invites taxpayers to stress-test pillar two filings in ‘private beta’
The UK tax authority’s deputy director of large business also reassured taxpayers that HMRC will not ‘nitpick’ returns
Tom Baker, April 28 2026
Direct Tax
David Beringer, Sucafina, ITR P2 Forum 2026.JPG
Pillar two a ‘box-ticking’ exercise, admits MNE tax head
Sucafina’s tax chief was speaking at the ITR Pillar 2 Forum in London alongside experts from HMRC and other organisations
Ed Conlon, April 28 2026
Direct Tax
India Supreme Court
Tiger Global ruling in India: scope, limits and risks
India’s Supreme Court rattled cross‑border structuring with its Tiger Global ruling. Subsequent rule changes narrowed the impact, but significant risks around GAAR, substance and treaty access persist
Ravish Bhatt, April 28 2026
Direct Tax
marc lien resized.jpg
Unity Advisory appoints AI chief as firm hits 100 employees
The UK-based big four spin-off firm has hired Marc Lien, who declared that most AI in professional services today is ‘cosmetic’
Sam Sholli, April 27 2026
Direct Tax
Pillar two is revising global tax competition with a 15% minimum tax rate
A taxing week: Brazil’s pillar two carve-out request prolongs a death by a thousand cuts
Projected revenue losses and exemption requests are harming the project’s capability and viability
Sam Sholli, April 24 2026
Indirect Tax
Prison
This week in tax: HMRC jails payroll fraudsters for 22 years
HMRC secured lengthy prison sentences in a major payroll VAT fraud case, while law firms announced tax promotions and hires
Tom Baker, April 24 2026
Gift this article