Saturday 10 December 2016

Colm Kelpie: Obama's tax swipe uncomfortable for the Government

Published 06/09/2016 | 02:30

'Obama has long had tough words for US companies that seek to use complex loopholes
to legally avoid paying taxes owed to, in particular, the United States.' (Photo by Lintao Zhang/Getty Images)
'Obama has long had tough words for US companies that seek to use complex loopholes to legally avoid paying taxes owed to, in particular, the United States.' (Photo by Lintao Zhang/Getty Images)

President Obama didn't name Ireland and the European Commission specifically in his remarks at the G20, but his comments suggest they were on his mind.

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Just days after the European Commission ruled that Apple should pay €13bn in back taxes to the State, the most powerful politician in the world claimed some of the US's closest allies have been engaging in a race "to the bottom".

President Obama was referring to how these "allies" enforce their "tax policies in ways that lead to revenue shifting and tax avoidance in our country".

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