Robert
Really nice Guy
- Mar 21, 2011
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Next April 15th (Tax Day) would be a good time to connect the dots between state and local revenue shortages and the scandal of corporate tax dodging.
States across the country face combined budget deficits of over $102 billion while overseas tax havens cost the US Treasury over a $100 billion per year.
The UK appears to be leading the way:
"In England, the movement UK UNCUT, has galvanized street protests, media investigations and legislative action. They have dramatized the scandal of billions lost thanks to overseas tax havens and corporate loopholes with the human face of federal and state budget cuts.
"In every U.S. state, we should be doing the same.
"Every time a politician complains that 'there is no money' or 'we must make these cuts,' we should be pointing to the corporate tax dodging that could immediately close our budget gaps.
"We should name names and show up at their branches.
"First there are the banks that wrecked our economy and accepted billions in taxpayer funded TARP funds. These include Wells Fargo, Goldman Sachs and Bank of America. Our message: Pay up!
"Pay up! General Electric, Carnival Cruise lines, Boeing, FedEx, News Corp, ExxonMobil, Pfizer, Proctor and Gamble.
"They pretend their profits are earned in tax havens like the Grand Cayman Islands and their losses are earned in the U.S., lowering their tax bills."
Wisconsin 2.0:
Just a thought but I would be willing to bet those Organizations taxes are scrutinized by legal entity's far more then yours are, I would well imagine and in terms of obeying the laws that your leaders created they comply to a far higher standard then you do on yours.
Just saying