Wednesday, March 12, 2014

Patriotic US corporations stash $1.95 trillions in offshore tax-havens...

...thereby proving that they can offshore more than American jobs!

This story from Bloomberg claims that's an increase of $206 billion in just 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.

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