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 that Mr. Immelt said that …
The below is an editorial from the New York Times.———————————————————————————– The NY TimesJune 26, 2011 Whose Stimulus? Big businesses are telling Washington that they are willing to do their bit for the economy — if the price is right. Multinational companies say they could repatriate hundreds of billions in foreign profits and pump them into domestic …
Message from the American Sustainable Business Council: Why Should Apple, Kodak and Pfizer Get Another Giant Tax Break? A coalition of multinational corporations – including many household names – is pushing for a massive tax holiday on profits they’ve parked overseas. George Bush gave out a similar tax holiday to U.S. multinationals in 2004. Back …
About 15 Congressional staff and 15 others attended a briefing yesterday at the U.S. Capitol. They were there to learn more about how tax haven abuse by U.S. based multinational corporations is harming our country. The event was sponsored by the FACT (Financial Accountability and Corporate Transparency) coalition. I was invited to speak to …
When you’re mailing in your tax returns on Monday, they’ll be plenty of big multinational corporations laughing at you. –Boeing Corporation from 2008 to 2010 had total pre-tax profits of $9.7 billion but did not pay a dime of its profits in federal taxes. –Between 2006 and 2010, General Electric told their shareholders they had …
If you, like everyone else, are tired of all the negative political ads, take solace in the fact that they’ll be gone next Wednesday. But unfortunately, what will stay with us is an outright attack on our democracy. Our “government of the people, by the people and for the people,” thanks to the Citizens United …
