The Obama administration is highly exercised about "inversion," the practice by which an American corporation acquires a foreign company and moves its headquarters out of the United States to benefit from lower tax rates abroad.
Amusing, given that a major financier of the inversion-célèbre of the day, the Whopper-to-Canada deal, is none other than Warren Buffett, Obama's favorite plutocrat.[/I]
Buffett's demand that the rich be required to pay more taxes made him a hero to the president. In 2012, Obama repeatedly held up Buffett as a champion of economic justice. What does Obama say today about his 2012 class-war comrade in arms - now become, by Obama's own lights, an economic traitor?
[/I]
Wash Post
Amusing, given that a major financier of the inversion-célèbre of the day, the Whopper-to-Canada deal, is none other than Warren Buffett, Obama's favorite plutocrat.[/I]
Buffett's demand that the rich be required to pay more taxes made him a hero to the president. In 2012, Obama repeatedly held up Buffett as a champion of economic justice. What does Obama say today about his 2012 class-war comrade in arms - now become, by Obama's own lights, an economic traitor?
[/I]
Wash Post
