Hope and Change-Part Trois

The Hope
"Obama Calls for Curbs on Offshore Tax Havens"

Key quote from the article:
Mr. Obama said most Americans paid taxes as “an obligation of citizenship,” but some businesses and rich people were “shirking” their duties, “aided and abetted by a broken tax system, written by well-connected lobbyists on behalf of well-heeled interests and individuals.”

Please see inside for "The Change".

The Change
"Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes"
Quick summary:
Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.

"After news of Google tax dodges, Obama raises money with Google execs"
Quick summary:
On the day it was reported that Google uses income shifting techniques known by such arcane names as the "Double Irish" and the "Dutch Sandwich" to avoid paying taxes on its foreign profits, President Obama attended an intimate, high-dollar fundraiser at the Palo Alto, California home of a top Google executive. He didn't mention Google's tax tricks, according to a White House transcript of his remarks.,

And just as Fred asked in Part Deux; "How's that hope and change workin' out for you?"

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