Sunday, May 18, 2014

Peddling Tax Dodges: The Way the Rules Get Rigged

Robert Borosage

“The game is rigged and the American people know that. They get it right down to their toes.”
— Senator Elizabeth Warren

The game is rigged in ways big and small, as the powerful act to protect and extend their privileges. Business as usual in Washington is testament to that. Here’s the next fix that the corporate lobby is gearing up to sell in the coming weeks: a repatriation holiday.

“Repatriation holiday” sounds vaguely patriotic, resonant with country and returning home. But repatriation is merely a fancy term for one of the ways global corporations avoid paying their fair share of taxes.

No comments: