June 04, 2013
by Financial Times

Corporate America’s biggest lobby groups have warned Barack Obama against embracing Group of Eight proposals to crack down on international tax avoidance, days ahead of expected Senate questioning of one of the president’s advisers about his investments in a Cayman Islands fund.

Mike Froman, the top adviser to Mr Obama on international economic policy and nominee to be US trade representative, could endure an uncomfortable confirmation hearing on Thursday with Republicans attempting to highlight his Cayman holdings contained in filings to the Senate finance committee.

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