tax avoidance

Sen Rand Paul Says Caterpillar Deserves 'an Award' for Dodging $2.4B in Taxes

Sen Rand Paul Says Caterpillar Deserves 'an Award' for Dodging $2.4B in Taxes
Testifying before the Senate Permanent Subcommittee on Investigations, representatives of Caterpillar, Inc. answered questions pertaining to a report that suggests the industrial giant has dodged $2.4 billion in taxes over the past decade. Amazingly, the investigation’s discoveries split the subcommittee along partisan lines. Democrats disapproved of the exploitation of tax havens while Republicans applauded the company for its diligence. Even more amazing, Sen. Rand Paul had the day's best quote.
origin Author: 
Chaz Bolte
origin Blog: 

Global Enemy #1: Tax Shelters

Global Enemy #1: Tax Shelters
As bankrupted governments are starved of revenue, global corporations and its upper echelon evade taxes at an unprecedented rate. In the UK, protesters shut down HSBC banks and set up food banks. It was a poignant representative image of after effects that come from harsh austerity measures that only benefit the 1%. Now, the G20 is agreeing to get serious about tax avoidance — but will it actually matter?
origin Author: 
origin Blog: 

Tax Avoidance On the Rise: It's Twice the Amount of Social Security and Medicare

Tax Avoidance On the Rise: It's Twice the Amount of Social Security and Medicare
Three trillion dollars a year. That's how much the wealthiest Americans avoid through the system of subsidies and schemes and sweet deals that deprive middle-class workers of their earned benefits. That's three times more than the deficit. That's enough for a full-time job for every middle-class household in America.
origin Author: 
Paul Buchheit
origin Blog: