Obama Says Tax Inversions Are 'Technically Legal' But Bad

President Obama addressed corporate tax reform, and corporate tax inversions specifically, in an interview with Steve Liesman at CNBC by polishing off some of his campaign arguments about fairness in the tax code. “For you to continue to benefit from that architecture that helps you thrive but move your technical address simply to avoid paying taxes is neither fair nor something that’s going to be good for the country in the long run,” said Obama, who acknowledged that the “tax provisions that are technically legal,” but says they undermine people’s confidence in corporate America. Obama says fairness should be the…