Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Obama Cracks Down On Corporate Inversions
Posted
April 9, 2016
Views
125,249
Likes
3,101
Comments
443
Engagement
2.83%
April 9, 2016
125,249
3,101
443
2.83%
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6:20Now PlayingThe Obama Administration is going after corporations that are planning on doing inversion deals that would allow them to dodge US taxes. Thanks Obama! Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"The U.S. Treasury Department’s new rules making it harder for U.S. companies to perform “corporate inversions” that allow them to escape taxes were hailed Tuesday by Democratic politicians, including President Barack Obama, and liberal groups.
The rules announced Monday could save money for American taxpayers over the long term, since they shoulder a larger share of taxes when corporations find ways to avoid paying. Already, the announcement has cast doubt on the largest corporate tax-inversion scheme yet: the planned purchase by New York-based Pfizer, the world’s largest drugmaker, of Irish competitor Allergan, the maker of Botox. The fusion of the two companies would allow Pfizer to move its headquarters outside the U.S. and benefit from Ireland’s lower corporate tax rate.”*
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