Obama praises new Treasury rules that close tax loopholes exploited by US firms

Townhall.com Staff
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Posted: Apr 05, 2016 3:09 PM
Going after corporations he claims “exploit loopholes,” President Obama on Tuesday praised recent steps the Treasury Department took to curb tax inversions – a popular type of merger where a U.S. company buys a foreign counterpart and then moves to that country to lower its tax bill.