White House officials have called the tactics an affront to - TopicsExpress



          

White House officials have called the tactics an affront to “economic patriotism” and President Obama himself has derided a small but growing group of big corporations that are fleeing the country to get out of paying taxes. In a July speech, he said such firms are declaring their base someplace else even though most of their operations are here. I don’t care if it’s legal; it’s wrong, Obama said. Meanwhile, Democratic lawmakers have been pushing legislation they say would discourage US companies from avoiding taxes through offshore subsidiaries. Apple and General Electric, which also employ offshore subsidiaries, are the only US-based companies that have more money offshore than Microsoft.
Posted on: Fri, 29 Aug 2014 05:09:52 +0000

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