Obama: Tax Loophole That Allows Companies To Leave The U.s. Is ‘unpatriotic’

Katie Zezima, Washington Post: Politics
Thu, 07/24/2014 - 3:43pm

LOS ANGELES -- President Obama on Thursday called on Congress to end a corporate tax loophole that allows American companies to move their headquarters overseas in order to pay lower taxes. Speaking under a searing sun at Los Angeles Trade-Technical College, Obama admitted that the practice, known as inversion, is legal.

Topics: president obama congress american los angeles trade-technical college u.s los angeles obama companies tax loophole order

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Obama: Tax Loophole That Allows Companies To Leave The U.s. Is ‘unpatriotic’

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