Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By INEWSMASTER
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

FREELOADING TAX DODGERS

Friday, July 18, 2014 15:16

% of readers think this story is Fact. Add your two cents.

Corporations that dodge taxes are doing harm to this country. Corporations that do business in this country have both a legal and moral obligation to share what they reap from this country by contributing to it’s welfare. Anything short of this is nothing more than freeloading.

Obama takes aim at firms that shift profits overseas to avoid taxes

In a sharply worded letter to key congressional tax code writers, Treasury Secretary Jacob J. Lew pushed for legislation that would make it more difficult for U.S. companies to reorganize as foreign firms in lower-tax nations.

The practice, known as inversion, enables the new company to avoid paying the high U.S. corporate tax rate on its foreign earnings.

“Congress should enact legislation immediately – and make it retroactive to May 2014 – to shut down this abuse of our tax system.What we need as a nation is a new sense of economic patriotism, where we all rise or fall together… We should not be providing support for corporations that seek to shift their profits overseas to avoid paying their fair share of taxes.”

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,604,781,892
Stories:	8,154,327