A new report from the non-partisan Congressional Research Service (CRS) finds that U.S. corporations report a huge share of their profits as officially earned in small, low-tax countries where they have very little investment and workforce while reporting a much smaller percentage of their profits in larger, industrial countries where they actually have massive investments and workforces. The report confirms that U.S. corporations are artificially inflating the proportion of their global profits that are generated in small, low-tax countries — in other words, shifting their profits to tax havens.You can be sure that this report will never be referred to in the One Percent's media.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Thursday, January 31, 2013
Congressional Research Service Finds Evidence of Massive Tax Avoidance by U.S. Corporations Using Tax Havens
Click here to access article from Citizens for Tax Justice.\