To the Point
Tax Loopholes and "Corporate Patriotism"
US companies complain about higher taxes at home than abroad, and a growing number are fleeing to other countries to save their investors money. President Obama calls that “unpatriotic,” and he’s threatening executive action.
By Warren Olney • • 51m ListenUS companies complain about higher taxes at home than abroad, and a growing number are fleeing to other countries to save their investors money. They may be housed in Pittsburgh, Cleveland or Boston, but they want to pay taxes in Ireland or the Netherlands. President Obama calls that “unpatriotic,” and he’s threatening executive action — which may be what caused Walgreen to change its plans. It might be good politics for Democrats in an election year, but Republicans say it’s another way of avoiding comprehensive tax reform.
Also, Russian surprises its neighbor Ukraine with an aid convoy, and the ride-sharing rivalry between Lyft and Uber heats up.
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In this episode
3 storiesMassive Russian Aid Convoy Heads for Rebel-Held Ukraine
Once again, Russia has surprised its neighbor Ukraine — this time with a mile-long convoy of 280 trucks that left Moscow today. Initially, Ukraine was highly suspicious that humanitarian aid might be a cover for military intention. Michael Birnbaum is Moscow Bureau Chief for the Washington Post. He’s currently in Kiev, Ukraine.
Read the story7 minCan Corporations Be Patriots?
Congress adjourned for the summer with tax reform still caught in political gridlock. Since then, President Obama has seized on a tax proposal once buried in his budget to attack a practice multi-national companies use to avoid paying taxes in the US; it’s called “corporate inversion.”
Read the story36 minThe Ride-Sharing Rivalry Between Uber and Lyft Heats Up
The fight between Apple and Google is old news; the latest tech battle in San Francisco is between Lyft and Uber. And, just as it is with the communications giants, so it is with the transportation rivals: their war has spread to dozens of other cities.
Read the story7 min
