Watch for a load of multinationals moving their incorporation out of the US so that they are no longer officially "American" and so arent subject to this new tax regime. This is something we should be taking advantage. We need to be running an advertising campaign in the US along the lines of .........if you dont want to pay Obama's new taxes, then why not fully incorporate in Ireland....english speaking, friendly, favourable tax treatment...nearest part of EU to the USA.....closed first world country with low taxes to USA etc etc etc.