TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

Wednesday, August 6, 2014

More Tax Inversion News

Bloomberg News, Obama Let Delphi Avoid Taxes in Tactic President Assails, by Zachary R. Mider:

President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.

As part of the bailout of the auto industry in 2009, Obama’s Treasury Department authorized spending $1.7 billion of government funds to get a bankrupt Michigan parts-maker back on its feet -- as a British company.

http://taxprof.typepad.com/taxprof_blog/2014/08/more-tax-.html

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Comments

Every statement this obozo makes comes with an expiration date (or a weasily way out for his cronies).

Posted by: get2djnow | Aug 6, 2014 5:29:38 AM

... and Chrysler is now owned by Italian car maker, Fiat

Posted by: Neo | Aug 6, 2014 6:22:36 AM

Being a good steward of tax money is patriotic. It's your turn, President Obama.

Posted by: Woody | Aug 6, 2014 7:50:03 AM

And Chrysler owned by Fiat.

Posted by: Bill Bob | Aug 6, 2014 8:08:54 AM