Chief Tax Cheat to Tackle Tax Evaders

Timothy Geithner, Obama’s Treasury Secretary that seems to have a hard time paying his own taxes, has indicated that the new administration is going to come out swinging against corporate tax havens.

While I don’t have a problem with closing tax loopholes and leveling the playing field, it should be noted that a majority of top US companies use these tax havens. Perhaps its because the corporate tax rates in the US are among the highest in the world, and for a company to succeed, it has to use a tax haven. Team Obama should be looking for ways to make US businesses stronger, not weaker.  Don’t they know that we’re in a recession?


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