PwC's Report on the Green Book - Obama FY 2016 Budget proposes minimum tax on foreign income and PwC's analysis of other significant international tax proposals

Treasury's 'Green Book,' released February 2, 2015, outlines the Administration's FY16 Budget proposals.  It explains a new proposal for a 19% minimum tax on foreign income and a one-time 14% transition tax on previously untaxed foreign income.  It also significantly changes some international tax proposals made in previous Budgets. The Budget reaffirms President Obama's support for 'business tax reform' that would lower the top US corporate rate to 28% (25% for domestic manufacturing income).  

read it on International Financial Law Prof Blog