Does anyone know if this part is in the TPP?

[Maraya1969]

http://www.npr.org/2015/02/12/385471616/obamas-plan-to-tax-overseas-earnings-draws-scrutiny

Obama's Plan To Tax Overseas Earnings Draws Scrutiny

Remember he always plays a good game of chess.

"American companies have about $2 trillion in overseas accounts — money they could be using to hire workers and pay dividends in the United States. But they're reluctant to do so, in part because of the way the U.S. tax system works.
President Obama proposed some big changes in the tax code last month that would encourage U.S. companies to bring more money home. A lot of people in Washington agree with the goal, but there's sharp disagreement about how to accomplish it.

Last month, the European Union issued a report about Amazon and the taxes it pays. The online retailer does a lot of business in Europe but its corporate tax rate is in the single digits, says Crawford Spence of the University of Warwick in England. "They pay very little tax here, because most of their tax is paid in Luxembourg," he says.

And Amazon isn't alone. Big U.S. companies, including Starbucks and Apple, have pared down their tax bill by funneling revenue into tax havens like Luxembourg and Ireland. Spence says it's totally legal.

"Currently the rules are very complicated, very convoluted, which suits companies very well, 'cause there are always loopholes," he says.