Obama might back territorial tax system, business chief says

The more they change..the more they stay the same..This will lead to harsher austerity on the peasant class.

Obama might back territorial tax system, business chief says
[link to news.yahoo.com]

WASHINGTON (Reuters) - The president of a group of more than 200 CEOs said on Thursday that President Barack Obama had told the business community last month he might back a territorial tax system, which would exempt offshore profits from taxation.....