Obama reviewing options on corporate tax loophole

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President Barack Obama listens to a question during a news conference at the U.S. Africa Leaders Summit in Washington, Wednesday, Aug. 6, 2014. (AP Photo/Jacquelyn Martin)

WASHINGTON (AP) — President Barack Obama said Wednesday that the administration is reviewing what authority he has to act without Congress to stop American companies from reincorporating overseas to avoid paying billions of dollars in taxes, a practice he has denounced as unpatriotic and has asked lawmakers to remedy.

Source: https://in.news.yahoo.com/obama-reviewing-options-corporate-tax-loophole-224842679–politics.html

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