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Suppliers Legacy

Obama aides let Delphi avoid taxes with 'inversion' tactic now assailed

President Obama proposed increasing U.S. transportation spending with corporate tax reform in a Washington speech last month. The administration's role in aiding Delphi's escape from the U.S. tax system may complicate the president's new campaign against corporate expatriation. (BLOOMBERG)
ZR
By:
Zachary R. Mider
August 06, 2014 05:00 AM

WASHINGTON -- President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.

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