Obama Calls Companies Seeking Lower Taxes in Foreign Countries ‘Deserters’

‘They’re technically renouncing their u.s. citizenship’

BARACK OBAMA: "I said fleeing the country, but they’re not actually doing that. They’re not actually going anywhere. They’re keeping most of their business here. They’re keeping usually their headquarters here in the U.S. they don’t want to give up the best evers and the best military and all of the advantages of operating in the united states. they just don’t want to pay for it. so they’re technically renouncing their u.s. citizenship. they’re declaring their base some place else even though most of the operations are here. you know, some people are calling these companies corporate deserters."

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