No comments on how Hollywood liberals are using Panama to hide money from the tax man though.
Via Washington Post:
President Obama made a forceful case Tuesday for stopping corporations from moving their headquarters overseas in order to avoid U.S. taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill.
These companies “renounce their citizenship, but get all of the rewards of being an American company,” Obama said at a press conference Tuesday.
Obama praised regulations issued the day before by the Treasury Department aimed at making more difficult these so-called inversions, in which U.S. companies combine with foreign firms to reduce U.S. taxes.