How to Avoid paying taxes on more than $12 billion dollars
- 1Feb 27 by toomuchbaloneyhttp://www.pbs.org/newshour/bb/swiss...nate-grilling/
The report details what Credit Suisse allegedly did to help Americans evade taxes, and it also criticized the U.S. Justice Department for its role in prosecuting all this.
"Some estimates show the U.S. government misses out on as much as $100 billion a year in tax revenue because of evasion. But the IRS is collecting some of that money as part of an amnesty deal that expires today. It applies to those who have undeclared foreign accounts of at least $10,000."
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- 2Feb 28 by herring_RN GuideCorporate Pirates of the Caribbean
CEOs with the dubious lobby group "Fix the Debt" are pushing for cuts to Social Security, Medicare, and the social safety net, painting themselves as the good guys in the budget debate.
But as they ask for everyday Americans to accept cuts, these CEOs are brazenly seeking to widen tax haven loopholes that would benefit their corporations such as a "territorial" tax system -- and earn them billions.
A new report by the Institute for Policy Studies shows that Fix the Debt member corporations stand to gain as much as $173 billion in windfalls if Congress adopts their proposal for a territorial tax system....
New Report: Corporate Pirates of the Caribbean - IPSLast edit by herring_RN on Feb 28 : Reason: fix link
- 2Feb 28 by toomuchbaloney13 Mindblowing Facts About America’s Tax-Dodging Corporations
"Abusive offshore tax havens cost the US $150 billion in lost tax revenue every year (via FACT Coalition). That’s $1.5 trillion over the next ten years."
"US Corporations pay less tax as a percentage of the GDP than corporations in Canada. Or Japan … … or South Korea. Or Norway. Or Luxembourg, New Zealand, Israel, the Czech Republic, Sweden, Belgium, Switzerland, the United Kingdom, Denmark, Finland, and Italy."
(Source: OECD StatsExtract interactive database.)