Obama: Offshore Tax Schemes, Havens Are 'Gaming the System'

April 5, 2016 7:04 PM

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President Obama on Tuesday criticized loopholes that help protect offshore tax havens and U.S. companies that move abroad for lower tax rates.

"A lot of these loopholes come at the expense of middle-class families," Obama said during the White House press briefing adding that such companies are "gaming the system."

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