President Obama speaks about the economy and corporate taxes during the daily White House press briefing. Obama describes the most recent jobs report as positive then talks about the Treasury Department's release the previous day of new guidelines intended to reduce corporate tax inversions, a tax avoidance strategy. Obama says Americans end up paying the tab when companies do that and Congress needs to act in order to totally eliminate inversions. He also discusses the release of the "Panama Papers", 11 million pages of financial documents showing the extent of off-shore accounts used by by the rich and powerful around the world. Obama advocates reform of the tax code as a way to address tax avoidance. He responds to questions from the media.
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