Tax Avoidance By U.S. Corporations, 1995 Vs. 2011

Video - May 11, 1995

For more check out Citizens for Tax Justice at http://www.ctj.org/

Citizen for Tax Justice's Bob McIntyre discussing General Accounting Office (GAO) report on tax compliance by multinational corporations.

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Bob McIntire speaks before Congress in 2011:

Video - Mar. 21, 2011

It's only gotten worse.  The solution is simple.  End the subsidies and loopholes. Stop the bailout that's built into the tax code.

Make The Corporate Tax Rate 20% With ZERO Deductions.

Robert McIntyre, director of Citizens for Tax Justice, testified on March 9 before the Senate Budget Committee on tax subsidies for businesses. He explained that these tax breaks for business (1) are hugely expensive, (2) are often economically harmful, and (3) conflict with fundamental tax fairness.

Comments

[V]

Another RED HERRING topic... At this point increasing Taxes for Major Corporations will only allow them to INCREASE the numbers of unemployed. HINT: STOP the Federal Reserve altogether and banish taxation as a concept.. for individuals AND business.

[Anon]

I agree END THE FEDERAL RESERVE SCAM then at least have the US Government print its own money. Instead of the Federal Reserve thats not Federal ( Its a group of private banks, that won't even allow the Government to look at its books ) and it has NO RESERVES ( As in they print money like crazy out of thin air and technically its backed by you and everything you own ).

We need Ron Paul or anyone else that will step up and just end the damn federal reserve. Where's our Andrew Jackson of this time, step on up please.

[Anon]

PS - And throw Ben Bernanke, Little Timmy Geithner and Hank Paulson all in prison while their at it.

[Oberron4life]

The last thing we need is a higher tax rate, period. The reality is the corporate tax rate should be the lowest in the world, not the highest.

Politicians from the single party will never allow a consumption tax, but it is what we need. Even if we have to create a national sales tax or some other consumption tax as an alternate source of revenue, something has to be done. As long as the corporate rates are this high, while coupled with loopholes and other "incentives" we are destined to have major corporations avoid taxes altogether while here, or move off shore. Neither does us any good. Jobs aren't created by companies building in other parts of the world.

[Jack]

Corporate charters can be revoked at any time by the issuing government entity. Just revoke the large corporate charters from the bastards that run them, and let the people open their small businesses up and live like normal people should. We should be working for ourselves, trading with ourselves and keeping the profit ourselves. Corporations are not real, should have no standing in court, should have no ownership rights... actually, why do we need corporations? TO FUEL WARS! THAT IS IT!

If anyone can come up with a good reason we need corporations, let's hear it.