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Middleboro Review 2

NEW CONTENT MOVED TO MIDDLEBORO REVIEW 2

Toyota

Since the Dilly, Dally, Delay & Stall Law Firms are adding their billable hours, the Toyota U.S.A. and Route 44 Toyota posts have been separated here:

Route 44 Toyota Sold Me A Lemon



Thursday, February 19, 2015

Senator Bernie Sanders: New Report: Profitable Corporations Duck Taxes





Bernie Buzz Update
Take the poll:Are corporations paying their fair share in federal taxes?
Profitable Corporations Duck Taxes



Sen. Bernie Sanders this week issued a new report that provides a fresh glimpse into the far-reaching corporate tax avoidance strategies of large and profitable companies represented by the Business Roundtable, including what he calls the "legalized tax fraud” of sheltering profits in offshore tax havens. The report shows for the first time how more than half of the companies represented by the Business Roundtable are collectively holding more than $1 trillion in profits in offshore tax haven countries where money is not subject to U.S. taxes. A number of huge corporations – including General Electric, Boeing, Duke Energy and Verizon – not only have paid nothing in federal income tax in recent years, they received refunds from the IRS.

“Instead of sheltering profits in the Cayman Islands and other offshore tax havens, the largest corporations in this country must pay their fair share of taxes so that our country has the revenue we need to rebuild America and reduce the deficit,” Bernie said. "At a time when corporations are making record-breaking profits, while the middle class is disappearing and senior poverty is on the rise, the last thing we should be doing is giving huge tax breaks to profitable corporations that don’t need it.” Bernie will soon reintroduce legislation to crack down on corporate tax avoidance by making sure that profits shifted to offshore tax haven subsidiaries are taxed at the top U.S. corporate tax rate.
ReadRead the report
ReadRead more from Reuters




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