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Fun and Games With Corporate Taxes
… it is not just individuals that are trying to avoid taxes with the use of overseas tax havens, corporations have a long history of doing the same thing in a desperate attempt to avoid paying America’s 35 percent corporate marginal tax rate.
…out of the 280 large and highly profitable corporations in the study, one quarter paid an effective tax rate of less than 10 percent and an equal number actually paid something close to the 35 percent official rate on total pretax U.S. profits of $1.4 trillion.
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it is not just individuals that are trying to avoid taxes with the use of overseas tax havens, corporations have a long history of doing the same thing
See? Corporations are people, my friend!
And they should be going to jail, not just paying big fines for wrongdoing. How’s this:
“Big Bank, you are going to have your business ruined, your assets sequestered, your phone calls limited to one per day, your internet cut off, and your reputation destroyed.”
If corporations are people and shareholders own a portion of the assessed value of that person which can be bought and sold freely, AND the fate of each person is decided by shareholder vote, then shareholders are slaveowners. The 13th amendment abolished slavery, so the stock market is illegal.
@John – Oooh, I like that one…
Free the Corporations… from paying taxes… Hang on, they’ve pretty much got that one.
Free the Corporations… from slavery! Er, how? They have no tangible body to be emancipated so…
Let’s guarantee their freedom by dividing the shares amongst the citizens, thus making them like the government, owned by all, accountable to all & hopefully acting in the best interests of all.
Thus… Nationalise the mega-Corporations!