Bill Clinton defends corporate inversions (tax dodging), won’t call them ‘unpatriotic’

[Cali_Democrat]

Not good. This is probably a good indication of Hillary's mindset IMO.

Bill Clinton Defends Corporate Inversions, Won’t Call Them ‘Unpatriotic’

President Obama spoke of corporate inversions (the practice of companies moving their headquarters overseas for tax reasons) a lot this year, even saying that staying in the U.S. should be considered an act of “economic patriotism.” Bill Clinton, meanwhile, was on CNBC today, and not only did he not directly answer the question of whether inversion is “unpatriotic,” but he actually offered some explanations for why companies might reasonably feel the need to pursue this avenue.

He said corporations “feel duty-bound to pay the lowest taxes they can pay,” and while admitting he supported and signed a bill to raise corporate taxes to the current level, Clinton did note that the U.S. has “the highest overall corporate tax rates in the world.”

And to big companies, Clinton said, the tax code “is crazy.” He also pointed out that companies will still have to pay the U.S. tax rate on money made in America.

http://www.mediaite.com/tv/bill-clinton-defends-corporate-inversions-wont-call-them-unpatriotic

It's a lie to say the US has the highest corporate tax rates in the world when so many corporations are able to pay a much lower rate using loads of tricks and maneuvers.

BTW, Obama just took executive actions against this kind of tax dodging:

Obama to take executive actions to make it more difficult for corporations to dodge taxes

Treasury takes steps to discourage offshore tax-shifting inversions

http://www.democraticunderground.com/10025571592

[NRaleighLiberal]

1. .

[DJ13]

3. Me too

[cantbeserious]

2. Bill Clinton - The Best Republican President Of The Modern Era

eom

[MFrohike]

4. He's got another $100m to make

Seriously, he's spent 13 years trading on the office he held. It's unseemly, to say the least.

[indepat]

5. Dear Bill C: a patriotic Congress would compel corporations to bear a fair share of the tax

burden necessary to fund its operations, service its debt, and otherwise provide for the general welfare, a duty they have not been required to do for decades.

[abelenkpe]

8. Exactly

Someone wake me up when we have politicians willing to do that.

[MrMickeysMom]

6. Bill Clinton...

I'll bet he couldn't care less.

Go play with yourself, Bill.

[Autumn]

7. I bet he doesn't begrudge them their bonuses either

[postulater]

9. So, Bill, if corporations are people, and a corporation moves overseas

does that mean they become citizens of the other country?

[tularetom]

10. And you're surprised at this because?

I don't want this guy anywhere near the white house. He's spent his entire adult life trying to get in with the big boys and now he's arrived. Even if H Clinton actually has a progressive thought in her head, he will do his worst to try to talk her out of it. He'd be a terrible influence and a disaster for the middle class and the environment. I don't even think he could be distracted with daily BJ's, he's had enough health issues he doesn't have the energy for that, so he can spend all his time fucking things up.

[hatrack]

11. Shocking!

Not . . .

[Cha]

12. Unreal, Cali.. It's only logical that they're "unpatriotic" Bundy Mooching while others carry the

load.

from your link, Cali.. Thank you~

"Some multinational corporations including pharmaceutical firm AbbVie Inc. and Burger King Worldwide Inc. have agreed to buy smaller companies in foreign countries with much lower tax rates and move their headquarters there, sheltering billions of dollars from U.S. taxes.

The Obama administration has questioned the "economic patriotism" of those companies, saying the moves were not done for economic reasons but simply to avoid paying their fair share of U.S. taxes for scientific research, roads and other publicly-funded items"