Sunday, January 18 2009, 1:00 pm


GAO: 83% of big U.S companies, contractors use offshore tax havens


"This report shows that some of our country's largest companies and federal contractors, many of which are household names, continue to use offshore tax havens to avoid paying their fair share of taxes to the U.S. And, some of those companies have even received emergency economic funds from the government," Dorgan said. "I think we should take action to shut down these tax dodgers, and we will be introducing legislation to do just that."




Screw off. This is an effect of the fact that the U.S. tax code doesn't work, and is flawed. We need to abolish it and replace it with something that is logical (and doesn't require tax havens).

Corporate tax is passed on to the consumers, anyway.





Pen a comment.Permalink.


home | archives | e-kwuv-vical ca-what-sis? | view posts | admin