UPDATE 2-Obama rails against corporate maneuver to evade U.S. taxes
July 25, 2014 at 00:02 AM EDT
LOS ANGELES, July 24 (Reuters) - U.S. President Barack Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions" and called on Congress to pass a bill to curb the practice.