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 Awww, evil Obama accuses firms of "cherry-picking" over tax rules

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Awww, evil Obama accuses firms of "cherry-picking" over tax rules Vide
PostSubject: Awww, evil Obama accuses firms of "cherry-picking" over tax rules   Awww, evil Obama accuses firms of "cherry-picking" over tax rules Icon_minitimeFri Jul 25, 2014 12:20 am
US President Barack Obama has urged lawmakers to end a tax loophole that allows US companies to avoid paying US corporate taxes.

Awww, evil Obama accuses firms of "cherry-picking" over tax rules _76506126_obama.ap

He accused firms of "cherry picking" the rules, by moving their tax base overseas, while keeping most of their business in the US.

Know as inversion, nine companies so far this year have used the practice.

"My attitude is I don't care if it's legal - it's wrong," the president said in a speech in Los Angeles.

The potential savings of inversion were widely seen as part of the reason why US pharmaceuticals firm Pfizer attempted to buy Britain's AstraZeneca earlier this year.

http://www.bbc.com/news/business-28477890#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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