Les Wrote:
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> Just to balance out. There's a lot of cheats at
> the other extreme. Corporate heads shifting their
> hqs overseas and calling for more tax cuts and
> stimulus. They want to sell here but they won't
> pay their share. Why should we bankrupt outselves
> to prop up these crooks?
>
>
http://www.itulip.com/forums/showthread.php/19936-
> Do-as-I-say-not-as-I-do-CAT-CEO-whines-about-state
> s-taxes-when-his-company-doesn-t-actually-pay-any-
> (due-to-fraud)
Companies that offshore their revenue to avoid paying US corporate income taxes are following the law as it's written. Don't hate the player, hate the game.
Oh, and maybe if the US didn't have the second-highest (trailing only Japan) combined corporate income tax rate in the developed world (per 2010 OECD statistics), the big boys wouldn't be so keen on these revenue-transfer schemes. Not a sermon, just a thought.