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Analog Devices, Inc. Message Board

  • duydinh_t duydinh_t Aug 7, 2014 11:26 AM Flag

    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.

    Well, it’s not fair. It’s not right.

    So there you go. It’s the accountants.

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