Vlad Putin Warns Obama About Raising Taxes On Corporations

It’s a crazy, mixed up, upside-down Obama world–
Vladamir Putin already warned Democrats about the dangers of socialism at Davos in January:

Now, capitalist pig Vladamir Putin is criticizing the Barack Obama Administration for its plan to raise taxes on US businesses.
The Moscow Times reported, via Free Republic:

Prime Minister Vladimir Putin on Monday criticized U.S. President Barack Obama’s plan to raise taxes on U.S. companies’ foreign operations, saying it would amount to double taxation that will hurt the global economy.

“This is a serious decision for the world economy,” Putin said at a meeting of the Presidium, the government said on its web site. “If taxes are imposed on all companies working abroad, then it will mean the total destruction of the system for avoiding double taxation.”

Putin instructed Finance Minister Alexei Kudrin to hold discussions on the plan with Obama’s administration.

Kudrin met with finance ministers from the Group of Eight over the weekend and signed an agreement with Italy outlining a system for avoiding double taxation.

Obama has proposed canceling a provision of the tax code that allows foreign subsidiaries of U.S. corporations to defer tax payments on money that is reinvested in local operations.

Previously:
Putin Warns US Democrats Against Socialism (Video)

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning