It’s really amazing that Tim Geithner could actually say this with a straight face, isn’t it?
He’s going to crack down on international tax dodgers. I guess Domestic tax dodgers are okay though. They can even be put in charge of the Treasury and the IRS.
I wonder what Tim will do when they all tell his IRS that they used Turbo Tax and got messed up.
There’s no irony here or anything, is there?
Treasury Secretary Timothy Geithner told the House Ways and Means Committee on Tuesday that Obama will propose legislation to limit U.S. companies’ ability to shelter foreign earnings from taxation in the U.S. He also said the administration will try to limit wealthy Americans’ ability to use tax havens to avoid taxation.
He did not immediately provide details.
I especially love that last line.
Really, Barack Obama should have gotten somebody else to have this discussion.