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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