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To the Point

Tax Loopholes and "Corporate Patriotism"

To the Point

KCRW

News

4.4583 Ratings

🗓️ 12 August 2014

⏱️ 52 minutes

🧾️ Download transcript

Summary

US companies complain about higher taxes at home than abroad, and a growing number are fleeing to other countries to save their investors money. President Obama calls that “unpatriotic,” and he’s threatening executive action.

Transcript

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0:00.0

From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

0:08.5

Tax loopholes and corporate patriotism.

0:14.5

Hello again, I'm Aranalny, and this is To the Point from Public Radio International.

0:18.5

A daily look at the issues Americans care about most.

0:21.8

U.S. companies complain about higher taxes at home than abroad, and a growing number are fleeing to other

0:26.4

countries to save their investors' money. They might be housed in Pittsburgh, Cleveland, or Boston,

0:31.7

but they want to pay taxes in Ireland or the Netherlands. President Obama calls that unpatriotic,

0:36.4

and he's threatening executive action,

0:38.3

which may have caused Walgreen to change its plans. It might be good politics for Democrats in

0:43.0

an election year, but Republicans say it's another way of avoiding comprehensive tax reform.

0:48.5

Today's talking point, the latest tech rivalry, Lyft versus Uber. First, here's the news.

1:01.7

Listen to KCRW's 24-hour all-news channel.

1:05.5

Stream BBC World Service, NPRW programs,

1:10.2

continuous coverage and accessible via our smartphone app or online

1:14.2

at KCRW.com.

1:20.2

Support for To The Point comes from the members of KCRW and from the Public Radio International

1:26.1

Program Fund. Hello again, Warren Allie,Aulay, back with To the Point.

1:29.3

A small but growing number of major American companies are looking to move their headquarters to foreign countries, at least on paper, the goal to save taxes.

1:38.3

That's handed to Democrats an issue for this year's elections campaigns.

1:41.8

We'll hear about corporate patriotism.

1:45.6

Today's talking point,

1:51.0

Lyft and Uber may be the future of urban transportation to San Francisco companies duking it out in the streets of dozens of other cities. We'll hear how they're competing for drivers as well as

...

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