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Obama calls for international tax reform amid Panama Papers revelations
The Guardian ^ | 4/5/2016 | Rupert Neate in New York and David Smith in Washington

Posted on 04/05/2016 6:10:34 PM PDT by Beave Meister

Barack Obama has called for international tax reform in the wake of the revelations contained in the Panama Papers.

“There is no doubt that the problem of global tax avoidance generally is a huge problem,” he told reporters at the White House on Tuesday. “The problem is that a lot of this stuff is legal, not illegal.”

The US president said the leak from Panama illustrated the scale of tax avoidance involving Fortune 500 companies and running into trillions of dollars worldwide.

“We shouldn’t make it legal to engage in transactions just to avoid taxes,” he added, praising instead “the basic principle of making sure everyone pays their fair share”.

Obama described the Panama revelations as “important stuff” and highlighted the impact upon ordinary citizens, adding that “a lot of these loopholes come at the expense of middle-class families, because that lost revenue has to be made up somewhere.

“Alternatively, it means that we’re not investing as much as we should in schools, in making college more affordable, in putting people back to work rebuilding our roads, our bridges, our infrastructure, creating more opportunities for our children.”

(Excerpt) Read more at theguardian.com ...


TOPICS: Chit/Chat
KEYWORDS: communist; democrats; iceland; liberals; obama; panamapapers; socialism; socialist; tafta; taxcheats; taxes; tisa; tpa; tpp
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I know their would be tax cheats no matter what the tax percentage is, but maybe if some of these countries lowered their taxes their wouldn't be as many. Instead Obama and his ilk want to turn the planet into one gigantic post office.
1 posted on 04/05/2016 6:10:34 PM PDT by Beave Meister
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To: Beave Meister

Good to be reminded of who the real enemy is.


2 posted on 04/05/2016 6:11:37 PM PDT by Seruzawa (If you agree with the French raise your hand. If you are French raise both hands)
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To: Beave Meister

3 posted on 04/05/2016 6:12:52 PM PDT by GrandJediMasterYoda (Can we please kill the guy already who invented the saying "My bad"?)
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To: Beave Meister

There is no such thing as “international” taxes to reform. This is only an attempt by governments to cooperate in stealing from their citizens. FUBO!!


4 posted on 04/05/2016 6:13:33 PM PDT by johniegrad
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To: Seruzawa

I picture an Obama standing in front of the world leaders demanding tax reform ..... and all I hear in response is: “You and who’s army?”


5 posted on 04/05/2016 6:13:52 PM PDT by Fhios (Going Donald Trump is as close to going John Galt as we'll get.)
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To: Beave Meister
“The problem is that a lot of this stuff is legal, not illegal.” If it's legal, it isn't a problem.
6 posted on 04/05/2016 6:17:41 PM PDT by aMorePerfectUnion (BREAKING.... Vulgarian Resistance begins attack on the GOPe Death Star.....)
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To: Beave Meister

Just another of the 31 Flavors of anti-Americanism.


7 posted on 04/05/2016 6:17:42 PM PDT by EagleUSA
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To: Beave Meister

Tax avoidance is not illegal it is a duty to good stewardship.


8 posted on 04/05/2016 6:18:36 PM PDT by the_daug
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To: aMorePerfectUnion

Is’ a problem because the liberals see what they consider to be their money slipping from their grasp.


9 posted on 04/05/2016 6:28:54 PM PDT by Farmer Dean (168 grains of instant conflict resolution)
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To: Beave Meister

Lets start with the criminals in his administration his party and many of the politicians on both sides


10 posted on 04/05/2016 6:29:04 PM PDT by ronnie raygun
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To: Beave Meister

I suspect the world will collectively tell him to go scratch his ass, including all his friends in politics, industry, entertainment and publishing. And real estate. And banking. And agriculture. And software. Basically everybody.


11 posted on 04/05/2016 6:31:21 PM PDT by dead
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To: Beave Meister
“The problem is that a lot of this stuff is legal, not illegal.”

My mind just can't wrap itself around that statement...........

12 posted on 04/05/2016 6:32:05 PM PDT by Osage Orange (The GOPe.....are actually worse than the Dim's)
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To: Beave Meister

Tax avoidance is not illegal. It is common sense. Who in their right mind would ever give more money to the sucking maw of government without having to do so? Tax evasion is a crime.


13 posted on 04/05/2016 6:38:56 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Farmer Dean

14 posted on 04/05/2016 7:07:55 PM PDT by aMorePerfectUnion (BREAKING.... Vulgarian Resistance begins attack on the GOPe Death Star.....)
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To: Beave Meister

Any Soetoro’s in the records, I wonder?


15 posted on 04/05/2016 7:23:28 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: Beave Meister

This “panama paper” release was a planned political project. Obama is now carrying the flag forward


16 posted on 04/05/2016 7:29:21 PM PDT by PGR88
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To: Beave Meister

Hey... Here’s an idea. Why not make the US tax rates so attractive international businesses will move here and domestic businesses stay?


17 posted on 04/05/2016 7:50:38 PM PDT by Organic Panic
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To: Beave Meister

Just going after Google, Microsoft and a few other big tech companies using the Double Irish tax shelter would be worth billions.


18 posted on 04/05/2016 7:53:07 PM PDT by tbw2
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To: PGR88

I heard McAfee say that no American companies or individuals were exposed in this... just foreign interests. This was a manufactured leak... or threat


19 posted on 04/05/2016 9:03:39 PM PDT by Katya (Homo Nosce Te Ipsum)
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To: Katya

Apparantly the “international consortium of investigative journalists” and their open society backers will not release all the files they have - much is being kept back they say.


20 posted on 04/05/2016 9:48:49 PM PDT by PGR88
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