Obama Speaks Out On Panama Papers, Corporate Looters, And The Politicians Who Enable Them

With journalists and law enforcement officials still combing through a massive leak of documents to uncover the global networks of offshore companies the wealthy and powerful use to hide their activities, President Obama made a rare appearance at the daily White House briefing to call out some of the people who encourage and enable such deception.

After laying out new Treasury Department rules intended to discourage American companies from using international mergers to get out of paying their taxes, Obama connected the dots between such “inversion” mergers and the revelations of the Panama Papers. While the early stories to come out of the leak focus on foreign figures and sanctioned governments, he said, powerful Americans use the same elites-only financial clubhouse too...
http://thinkprogress.org/economy/2016/04/05/3766664/obama-reacts-panama-papers/