Clinton: Corporations are gaming the system

By Ariel Cohen, Ariel Cohen

Published December 20, 2015

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Hillary Clinton vowed to take executive action to close loopholes for companies aiming to avoid taxes by shifting their assets overseas.

"The maneuvers powerful corporations are using to game the system and leave everyday taxpayers holding the bag are just offensive," Clinton said at a town hall in Waterloo, Iowa, on Wednesday.

Holding up Pfizer, a leading pharmaceutical company that recently merged overseas, as an example, the former secretary of state stated that such inversions and loopholes will cost the American taxpayer over $80 billion in revenue over the next 10 years.