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Sunday, July 27, 2014

Obama Calls Offshore Deals 'Unpatriotic' Yet Funds, Investors, Boards Jump Aboard

President Obama says Americans can’t pick which tax laws to obey. Testily, the President has accused companies doing inversion deals of just that. If those aren’t fighting words, he goes on to say that buying a foreign company for offshore tax advantages is unpatriotic, like giving up citizenship. Mr. Obama wants Congress to prohibit the deals.

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