Via Ritchie, the following:

“[President Obama] supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens," Sperling said.

If you're worried about people avoiding the US headline corporate tax rate of 35%, the second highest in the developed world, how about you reduce it instead of trying to bully other countries to increase theirs?

Seriously, just fuck the fuck off.

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Filed under: Taxation with tags barack obama, corporation tax, fucknut, tax avoidance, usa