| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Patriotic US corporations have $1.95 trillions stashed in offshore tax-havens…
Wednesday, March 12, 2014 16:59
% of readers think this story is Fact. Add your two cents.
…thereby proving that they can offshore more than American jobs!
This story from Bloomberg claims that's an increase of $206 billion in the past year. The lead offender is the iconic General Electric, with a cash horde of 110 billions stashed offshore, followed by that great philanthropist Bill Gates' Microsoft at 76 billion.
The off-shoring of profits cost the government up to $90 billion per year in lost revenues, a deficit that then needs to be made up by the little folks who don't have access to offshore tax havens.
When multi-billion dollar corporations shirk their taxes, it's up to you to pick up the slack.
Source: http://theviewfromfallingdowns.blogspot.com/2014/03/patriotic-us-corporations-have-195.html
