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Resource ID: #25478
Subject: Oil
Source: Reuters
Affiliation: 
Date: 6/28/2011

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As he sought out the presidency in 2008, Barack Obama called for greater corporate transparency around the world. His criticism focused on the forgiving laws of locales outside U.S. borders- from Switzerland to the Cayman Islands. In a multi-part series called "Shell Games", Reuters revealed equally egregious practices on America'a own shores, where business incorporation laws in some states are more lax than those of Somalia.

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