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For US corps, only Death is certain: taxes, not so much

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Added by madameape on 15 Apr 2009
From: www.huffingtonpost.com

Image courtesy brianlayne via Flickr

To celebrate Tax Day, a good piece in the Huffington Post about how much money, exactly, US corporations sock away offshore, tax-free.  The HuffPo's info comes courtesy of a report from the US Public Interest Research Group.

 

"U.S. PIRG's report, titled "Tax Shell Game," highlights some findings from a January report by the Government Accountability Office that found over 80 percent of the hundred biggest U.S. companies took advantage of tax havens. In 2008 the GAO found that one five-story building in the Cayman Islands, known as the "Ugland House," contained 18,857 registered businesses, very few of which had anything but a P.O. box there. Bailout beneficiaries Morgan Stanley, Citigroup, and Bank of America boast over 300 subsidiaries in the Cayman Islands."

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dakotaranger
on 16 Apr 2009
Corporations whole point in existing is to make money, I have no problem with them sheltering their money,  Shoot, the only people I have a problem not paying their taxes are the criminals that don't pay their taxes and are DEMANDING I PAY MORE.  Representative Rangle Democrat-NY should have been hauled off in hand-cuffs, especially since he chair the house committee on how high my taxes are and he convienently "forgot" to pay taxes for 5 years...UNTIL our slave masters pay EVERY LAST CENT of their taxes and make the laws they pass apply to them I won't begrudge anyone that shields their money from those thieves.It's one thing to be anti-corporations, but there isn't any corporation that has the power to tax or steal your freedoms.  If a person doesn't like how a corporation is being run then there is nothing forcing them to purchase their goods and services..when it comes to government we are FORCED to deal with them.