American Sustainable Business Council1401 New York Ave., N.W. Suite 1225, Washington, DC 20005 June 7, 2013 President Barack Obama The White House 1600 Pennsylvania Ave. NW Washington, DC 20005 Dear Mr. President: As business leaders, we are writing to urge you to support the efforts of Prime Minister David Cameron and other world leaders to […]
The recent news that Apple has played the tax laws of Ireland versus the U.S. to effectively avoid paying any corporate tax on tens of billions of income might be the proverbial straw that breaks the camel’s back regarding finding a solution to offshore tax haven abuse. All the rest of us are essentially subsidizing
The end of the fiscal cliff saga has launched the next drama in Washington over spending and revenue. You are going to hear a lot about how the federal government must live within its means and thus programs ranging from defense to healthcare must be cut. “We’re broke” many in congress have and will tell
One of the big political stories yesterday was Republican presidential candidate Mitt Romney correcting his top advisor, Eric Fehrnstrom, thus giving us the accurate description of how the individual mandate to purchase health insurance will be enforced. Yesterday Mr. Romney called it a tax and on Monday of this week Mr. Fehrnstrom called it a penalty.
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