Thursday, November 15, 2012

"fix the national debt"? How about paying your fair share?

From: Mark Provost shared US Uncut's photo.
80 CEOs have a plan to "fix the national debt": $134 billion in new corporate tax breaks. During a meeting with President Obama on Wednesday, the CEOs asked to eliminate corporate taxes on foreign profits.
In fact, 'foreign' profits are largely earned from goods and services made and sold domestically but thanks to tax avoidance schemes, the profits accrue in the Cayman Islands. 
Already, 25 of these CEOs make more than their companies pay in taxes.
Via @[46582164110:274:National People's Action]
http://thinkprogress.org/economy/2012/11/13/1179931/corporations-fix-the-debt/

80 CEOs have a plan to "fix the national debt": $134 billion in new corporate tax breaks. During a meeting with President Obama on Wednesday, the CEOs asked to eliminate corporate taxes on foreign profits.
 
In fact, 'foreign' profits are largely earned from goods and services made and sold domestically but thanks to tax avoidance schemes, the profits accrue in the Cayman Islands.

Already, 25 of these CEOs make more than their companies pay in taxes.

Via National People's Action
http://thinkprogress.org/economy/2012/11/13/1179931/corporations-fix-the-debt/

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