Obama on Panama Papers: "a lot of it is legal, but that's exactly the problem"

Obama on Panama Papers: “a lot of it is legal, but that's exactly the problem”

Wednesday, April 6th 2016 - 07:57 UTC

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United States President Obama hailed new Treasury Department rules cracking down on corporate tax inversions Tuesday, calling the practice of merging with a foreign company to escape U.S. taxes “one of the most insidious tax loopholes out there.” Read full article

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Hepatia
Yes!

I saw President Obama say this and I cheered.

For context see: https://theintercept.com/2016/04/04/a-key-similarity-between-snowden-leak-and-panamapapers-scandal-is-whats-been-legalized/
Apr 07th, 2016 - 03:01 am - Link - Report abuse 0
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