President Obama has nominated Antonio Weiss, a Wall Street investment banker, to be the next Treasury Undersecretary for Domestic Finance. Senator Warren opposes his nomination — and we agree with her that we shouldn’t have Wall Street bankers overseeing Treasury’s work supervising banks and protecting consumers.
Weiss advised Burger King’s acquisition of Canadian chain Tim Horton’s, a “tax inversion” deal that lets corporations avoid paying their share of taxes by paying another country’s tax rate. This summer President Obama called tax inversions an “unpatriotic tax loophole.”
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http://www.vox.com/2014/11/14/7220067/antonio-weiss-elizabeth-warren