[Vision2020] Stop corporate tax dodging
Mike Curley
curley@turbonet.com
Thu, 17 Apr 2003 09:13:54 -0700
<color><param>0100,0100,0100</param>What a paradox, or is it simply hypocr=
isy? He rails against
that which he helped most to perpetuate. All good
conservatives and Republicans should attend this meeting
and praise Prince Ralph for the invaluable assistance he
gave King George by insisting that there was really no
difference between him and Al Gore. There are certainly
many reasons that Al Gore is not the President, but Prince
Ralph can claim a primary role (no pun intended). And
while you are there, thank him for the war in Iraq and
wherever else the USA may next invade in the name of
weapons of mass destruction and terrorism.
Mike Curley
On 17 Apr 03, at 0:13, Tina Cunningham wrote:
</color>From: <color><param>0000,0000,8000</param>Tina Cunningh=
am <<kittz_cat@yahoo.com></color>
To: <color><param>0000,0000,8000</param>vision2020@moscow.com=
</color>
<bold>Subject: <color><param>0000,0000,8000</param>[Vision2020] St=
op corporate tax dodging</bold></color>
Date sent: <color><param>0000,0000,8000</param>Thu, 17 Apr 2003 00:1=
3:16 -0700 (PDT)</color>
<underline><color><param>0000,8000,0000</param>[ Double-click this line fo=
r list subscription options ]</underline></color>
To all.....
Ralph Nader will be speaking at Beasley tomarrow night
at 7:30pm.
Because of this, I have attached the latest newsletter
from Citizen Works, which he is a part of. Some
interesting topics of interest.....and we wonder why
our government has little money to help us.
Tina Cunningham
Moscow
--- Citizen Works <<news@citizenworks.org> wrote:
<color><param>7F00,0000,0000</param>> Date: Wed, 16 Apr 2003 14:47:06 -040=
0
> From: Citizen Works <<news@citizenworks.org>
> To: news@mlm.citizenworks.org
> Subject: Stop corporate tax dodging
>
> Dear Citizen:
>
> Most Americans paid their taxes yesterday. We trust
> that most paid them
> honestly - that they did not, for example, hide
> millions of dollars in
> tax shelters or reincorporate themselves in an
> offshore tax haven.
>
> Unfortunately, while most citizens are paying their
> fair share,
> corporations are not. As countless articles and
> analyses have detailed
> (see, for example Business Week's recent special
> report, "The Corporate
> Tax Game"
>
</color>http://www.businessweek.com/magazine/content/03_13/b3826058.
htm > ), big > corporations are using increasingly
complicated > schemes to avoid paying > taxes, dedicating
armies of lawyers and accountants > to puncture every >
loophole in the tax code and hiring lobbyists to > write new
ones. > > Perhaps the most egregious tax dodge is the
growing > number of U.S. > corporations who have
reincorporated in offshore tax > havens, a paper >
transaction that can potentially save hundreds of > millions
worth of > taxes. (See >
http://www.citizenworks.org/corp/tax/taxdodgerslist.php >
for > a list). Large corporations have also exponentially >
increased their use > of offshore tax haven subsidiaries in
recent years, > as Citizen Works has > documented (see >
http://www.citizenworks.org/corp/tax/top25.php ) > > As a
result of this and other forms of tax > avoidance, last year
<color><param>7F00,0000,0000</param>> corporations paid 10.5 percent of ta=
xes collected by > the
</color>IRS, compared > to 16.4 percent in 1973, according to the
New York > Times. In 1940, > corporations paid roughly half
of all taxes. Though > officially taxed at > 35%,
corporations actually pay only about 20% of > their income
in taxes. > > What this means is that more and more of the
tax > burden is falling on > the shoulders of individual
taxpayers. And yet, less > money is going to > pay for the
social services that likely benefit them > most, such as >
education, healthcare, environmental protection, and > other
programs that > always seem to be the first to fall. In
Oregon, for > example, budget > cutbacks have forced the
state to lay off teachers > and shorten the > school year.
Such are the indirect consequences of > corporate tax
avoidance. > > Meanwhile, many of same companies that are >
incorporated offshore > continue to receive multi-million
dollar government > contracts. > Bermuda-based Accenture,
for example, has a > five-year deal to redesign > the IRS
website. > > > We encourage you to do something to fight
back. > > 1. GET EDUCATED: Citizen Works has prepared a >
briefing paper on > corporate tax avoidance, "Sacrifice is
for Suckers" > available at: >
http://www.citizenworks.org/corp/tax/taxbreif.php > > 2.
CALL OR WRITE YOUR ELECTED OFFICIALS: The best > legislation
that > addresses this problem is the Corporate Patriot >
Enforcement Act (HR 737 > in the House/ S 384 in the
Senate), which would > close the loophole that > allows U.S.
companies to reincorporate in offshore > tax havens and save
<color><param>7F00,0000,0000</param>> tens of millions a year in taxes. > =
> To contact
</color>your senators - > http://www.senate.gov/contacting/index.cfm
<color><param>7F00,0000,0000</param>> To contact your representative=
- >
</color>http://www.house.gov/writerep > > Moveon.org is coordinating
a letter-writing campaign > on this issue. See >
http://www.moveon.org/news/1292.html for more >
information. > > Working for Change also has a
letter-writing > campaign. See >
http://www.workingforchange.com/activism/action.cfm?ItemId=3D1
4796 > > Also check out the Bermuda project at >
http://www.thebermudaproject.com > > 3. EDUCATE OTHERS:
Citizen Works' has prepared a > fact sheet on Corporate >
Tax Traitors. To download the fact sheet, visit: >
http://www.citizenworks.org/corp/tax/tax_dodger_fact_sheet.p
df > > Keep up the good work, > Your friends at Citizen
Works > > ---------------- > > For more information about
Citizen Works, please > visit > http://www.citizenworks.org
. > > For any questions regarding this list, please email >
news@citizenworks.org. > > To unsubscribe from this list,
please send an email > to >
news-unsubscribe@mlm.citizenworks.org. > > >
=3D=3D=3D=3D=3D
"Would you not like to be.....sittin on top of the world
with your legs hanging free....." **Dave Matthews Band
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