Etsy: this "transparent" company is exploiting tax loopholes

PETITION: Demand Etsy stop taking advantage of tax loopholes >>

Despite claims of transparency, online craft marketplace Etsy has been exploiting and taking advantage of existing loopholes in Irish tax laws. This has allowed Etsy to conceal financial disclosures and drastically reduce their global tax obligations. Tell Etsy to stop capitalizing on the Irish tax loopholes: SIGN IMMEDIATELY >>

You might know of Etsy as a startup that allows artists and creators to sell their vintage and artisanal wares online.

Etsy originally billed itself as a socially responsible company. It was one of the first publicly traded “B Corporations.” B Corporations must show that they benefit the community, environment, employees, consumers and suppliers.

Despite its supposed do-gooder ethos, Etsy has been taking advantage of tax loopholes that are anything but transparent.

Etsy recently established a subsidiary in Ireland, where it does not have to release financial information about any money parked there. To milk this loophole for all it’s worth, Etsy has taken steps that will funnel much of its global revenue in this secretive Irish unit.

We expect this kind of shady behavior from Wall Street and Big Oil. But Irish tax havens definitely don’t benefit the community, environment, employees, consumers and suppliers like a certified B Corporation is supposed to.

Etsy promised a new, transparent way of doing business. Let’s hold them to that promise.
Sign the petition to demand Etsy stop taking advantage of tax loopholes:

http://www.signherenow.org/etsy-tax-loopholes/leftaction/

Thanks for signing, 

LeftAction