US News and World ReportApril 5, 2012 Families and small businesses pick up the tab for egregious tax loopholes exploited by corporations By Joseph Rotella, Dennis Van Roekel Some politicians might believe that “corporations are people,” as former Gov. Mitt Romney declared last year. At tax time, however, corporations enjoy…
Business good for multinationals
The primary theme of my blogs this week has been U.S.-based multinational corporations not paying their fair share in taxes because of their use of offshore tax havens. On Wednesday General Electric chairman and CEO Jeffrey Immelt was in Greenville, SC, touring one of GE’s plants. The Associate Press reports…