Biz, U.S.: Obama: The Cayman Islands are nice, but not as a tax haven
- I want to see our companies remain the most competitive in the world. But the way to make sure that happens is not to reward our companies for moving jobs off our shores or transferring profits to overseas tax havens.
- Barack Obama • Putting the fear of God yesterday into large corporations who have done this for years in an attempt to avoid U.S. taxes. Obama plans to put billions of dollars to work over the next decade – much of it in the form of IRS employees – to prevent tax havens. • source