Really? Do you think people is to change citizenship to get lower tax rate?
Russia is about to invade Ukraine and bans out products. This is the agenda yesterday.
Yesterday, during a Press Conference after the U.S.-Africa Leaders Summit in Washington, D.C., President Barack Obama announced who was to blame for the corporate tax inversion trend: accountants. He said:
You have accountants going to some big corporations — multinational corporations but that are clearly U.S.-based and have the bulk of their operations in the United States — and these accountants are saying, you know what, we found a great loophole — if you just flip your citizenship to another country, even though it’s just a paper transaction, we think we can get you out of paying a whole bunch of taxes.