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In a CNBC interview on Wednesday, President Barack Obama took aim at corporate inversions -- deals where a U.S. company keeps its operations at home, but moves its formal address overseas to avoid paying taxes.
"Companies thrive in the United States in part because they benefit from the best university system in the world, the best infrastructure," Obama said. "There are a whole range of benefits that have helped to build companies, create value, create profits. For you to continue to benefit from that entire architecture that helps you thrive, but move your technical address simply to avoid paying taxes, is neither fair, nor is it something that's going to be good for the country over the long term."
More: Obama Calls Out American Companies For 'Gaming The System'
U.S. Democrats to target companies moving overseas to dodge taxes | Reuters
Why do Conservatives defend such un-American companies who dodge paying U.S. taxes?
"Companies thrive in the United States in part because they benefit from the best university system in the world, the best infrastructure," Obama said. "There are a whole range of benefits that have helped to build companies, create value, create profits. For you to continue to benefit from that entire architecture that helps you thrive, but move your technical address simply to avoid paying taxes, is neither fair, nor is it something that's going to be good for the country over the long term."
More: Obama Calls Out American Companies For 'Gaming The System'
U.S. Democrats to target companies moving overseas to dodge taxes | Reuters
Why do Conservatives defend such un-American companies who dodge paying U.S. taxes?