Surprises in the USA 2016 budget

The President of the United States of America proposed a tax on the foreign incomes of American companies. This suggestion became fairly unexpected for the American business.

The President B. Obama proposed a 14% tax on the revenue of the American companies, which was obtained by them not in the United States. It thus affects around $2 trillions of previously non-taxable incomes.

Although, all foreign income will be taxed only once, and later may be returned in the USA without further expenses. All money collected this way will be used for the improvement of the infrastructure and will be sent to Highway Trust Fund.

Source:

https://medium.com/budget-document/the-budget-message-of-the-president-ac83b57308c6