sábado, marzo 26, 2011

Stop corporate tax dodging!


Nearly 19,000 global corporations have a mail drop at Ugland House, a single building in the Cayman Islands. Ugland House is the legal address of these overseas corporate subsidiaries, many set up for the purposes of avoiding taxes.

Irresponsible politicians have drained state and federal budgets by giving corporations huge tax breaks and allowing them to dodge taxes through overseas tax havens.
Most of us pay more in taxes than many U.S. corporations, and corporate tax avoidance has increased dramatically in the last 50 years.
    • Tax havens punish responsible businesses that have to compete unfairly against tax dodgers. A domestic U.S. business that pays its taxes is at an unfair disadvantage with multi-corporations that game the system and shift profits to low or no tax havens. A new coalition has formed called "Business and Investors Against Tax Haven Abuse."

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