Taxes

Unlike Obama, Clintons Don't Call Tax Inversion 'Unpatriotic'

Or, "A Strategy for 2016"

|

Former president Bill Clinton declined to call tax inversions "unpatriotic" on Tuesday, shying away from a term that President Obama has used repeatedly against companies that take advantage of the maneuver. 

Speaking at the Clinton Global Initiative, Clinton was asked to weigh in on the offshore tax deals that Democrats have been attacking ahead of the midterm elections.

"Are corporate inversions unpatriotic?" asked CNBC's Becky Quick.

"Well, whether it is or not, companies — particularly those that are answering to shareholders — have a short-term perspective. A lot of these companies feel duty-bound to pay the lowest taxes they can pay," Clinton responded. 

"We have to come to terms with the fact that everyone else in the world has stopped taxing on the difference between what their companies earn in a different country and at home," Clinton said. 

NEXT: U.S. and China Both Pledge Nothing at U.N. Climate Summit

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. Perhaps reporting quarterly earnings is short-term oriented but a successful company thinks long-term.

    And has running a business got to do with patriotism? I own a business and do what’s best for me and my business and that’s all my country can ask of me.

    Merging the two is, well, basically fascist, no?

    1. ‘and what does running a business…’

      Fuh.

    2. Not to mention the fact that, to run a successful business without a government-enforced monopoly, you have to provide a benefit to your customers.*

      *If you don’t, they go somewhere else. Customers are funny that way.

    3. I agree you have to move with your business not what your country wants out of you

  2. Maybe Newt and Billy Boy weren’t so far apart when they were butting heads, huh? Let’s see, who was worse for the country? (A) Bill Clinton, or (B) Barack Obama. Run the poll, I think the numbers will come out about as follows:

    (A) 18%
    (B) 81%

    That’s the results if the respondents are confident their identity isn’t compromised in any way.

  3. my best friend’s sister makes $65 every hour on the laptop . She has been fired from work for 8 months but last month her paycheck was $15310 just working on the laptop for a few hours. check out here….

    alieastonlyl@yahoo.com

  4. my best friend’s sister makes $65 every hour on the laptop . She has been fired from work for 8 months but last month her paycheck was $15310 just working on the laptop for a few hours. check out here….

    ???????? http://www.netjob70.com

  5. my friend’s sister makes $60 hourly on the internet . She has been out of work for 6 months but last month her pay check was $19915 just working on the internet for a few hours. you can try this out………….

    http://www.Works6.com

Please to post comments

Comments are closed.