Would impose exit tax on firms moving headquarters overseas: Hillary Clinton

WASHINGTON: Democratic presidential nominee Hillary Clinton today promised to impose an "exit tax" on companies moving their headquarters overseas and appoint a "tax prosecutor" to handle cases on dumping of foreign goods in the US.

"Because when companies take taxpayer dollars with one hand and give out pink slips with the other, and ship hundreds of jobs overseas, we're going to make them pay back those tax benefits," Clinton said at an election rally in Cincinnati.

"And we're going to take that money and reinvest it in workers and communities. And we're going to slap an 'exit tax' on companies that move their headquarters overseas to avoid paying their fair share of taxes," Clinton said.

"We will defend American jobs and American workers by saying 'no' to bad trade deals, like the Trans-Pacific Partnership, and unfair trade practices, like when China dumps cheap steel in our markets or uses weak 'rules of origin' to undercut our car makers," she said.

"Im going to appoint a trade prosecutor who will report to the President, so we are going to end the abuse of our market, our workers, our people," said the former secretary of state.

"We're going to compete and win in the global economy by not letting anybody take advantage of our workers. Not China, not Wall Street, not anyone. And we're going to defend and strengthen the tough rules to rein in Wall Street that were put in place after the crash," Clinton said.

"When corporations pay fines for breaking the law, those fines should cut into executives' bonuses. And if laws are violated, individuals, not just corporations, should be held accountable," she said.