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Billionaire Blasts Companies That Jump Overseas To Duck Taxes: 'I'M Selling Your Stock'

Business  (tags: business, corporate, politics, news, tax cheatss, Mark Cuban, ethics, finance, government, money )

- 1364 days ago -
outspoken billionaire investor Mark Cuban pledged to sell off his holdings in companies that move offshore for tax reasons. "If I own stock in your company and you move offshore for tax reasons I'm selling your stock," Cuban tweeted.

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SusanAWAY Allen (219)
Sunday July 27, 2014, 1:10 pm
Noted and shared. Amazing, one of the 1% that believes in America. Applaud him as there are so few of them that do.

Yvonne White (229)
Sunday July 27, 2014, 1:46 pm
That's putting your money where your mouth is! Good on him! :)

Fran F (118)
Sunday July 27, 2014, 1:54 pm
Mark Cuban has the right take on this! I like this comment following the article:

P Wayne Smith · Atlanta, Georgia
CEOs that move their corporate offices out of our country should be abruptly and physically deported! Take their passports, seize their assets here and sell them cheap to their competitors. Block their products at the shipyards. Make sure they sell anywhere but here.

If they refuse to pay any share of taxes here, dump them!

Arielle S (313)
Sunday July 27, 2014, 2:09 pm
What a breath of fresh air! We need more just like him.

Walter F (129)
Sunday July 27, 2014, 7:45 pm
We could use a Mark Cuban.Far too many Australian companies have moved their productions to Asian countries to increase their profits.A consequence of this is so many old Australian companies cannot compete and have closed down

Katie & Bill D (107)
Sunday July 27, 2014, 9:58 pm
Oh Hope this catche's on, oh yes more of them should do this too!
We all would appreciate this!
Thank You

Past Member (0)
Monday July 28, 2014, 12:40 am
What a billionaire with a conscience I don't believe it.

Jonathan Harper (0)
Monday July 28, 2014, 5:48 am

Joanne Dixon (38)
Monday July 28, 2014, 12:48 pm
FDR was called a "traitor to his class." The only reason Mark, Nick Hanauer, and painfully few others aren't getting called this is that the word "traitor" implies that class war exists - and the 1% mostly denies it. If this keeps up, though, they may be dragged kicking and screaming into admitting it.

Birgit W (160)
Monday July 28, 2014, 1:31 pm
Way to go Mark Cuban, I love it.

Lois Jordan (63)
Monday July 28, 2014, 3:24 pm
Noted. Glad to see Mr. Cuban speak up on this and hope others will follow. However, it could really be a moot point.
Progressive Breakfast posted an article from Reuters (by Kevin Drawbaugh, 7/28/14):
"Pres. Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals..."
"By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S. companies from using inter-company loans and interest deductions to cut their U.S. tax bills..."

Kate K (215)
Monday July 28, 2014, 3:44 pm
A very wealthy man with a sense of ethics-impressive. It's sad that he is the only one or one of a handful. The more money they they make the more they usually want.

Janet R (38)
Monday July 28, 2014, 4:47 pm
I will no longer shop at Walgreens; they have lost my business.

Katie & Bill D (107)
Monday July 28, 2014, 9:44 pm
He talks but will he really??
Got to walk the talk or we are not going to believe it!
Wouldn't we like to see them all do this??
Thank You Carrie

Colleen L (3)
Monday July 28, 2014, 11:47 pm
I give him a lot of credit. May other wealthy ones follow in his shoes. I have no respect for companies that have taken this companies away from the US because of tax reasons. I too have stop shopping at these stores. Thanks Cal

Kathleen R (138)
Tuesday July 29, 2014, 7:12 am
noted & read

Freya H (357)
Tuesday July 29, 2014, 2:38 pm
Good for Cuban! If only every multi-millionaire and billionaire had even a tenth of the conscience that he does. He proves that there are some rich people who give a ding-swizzy.

Kathleen M (230)
Tuesday July 29, 2014, 6:06 pm
Noted with delighted surprise. Thanks for sharing, Cal. Good on Mark Cuban! Don't know if he's following his conscience or demonstrating enlightened self-interest, nor do i much care. He's certainly more farsighted than his "profits, NOW," cohorts. Hope it's contagious!

Athena F (131)
Tuesday July 29, 2014, 8:25 pm

Maria Teresa Schollhorn (42)
Wednesday July 30, 2014, 2:34 am
Noted. Thanks Cal.

Thomas M (8)
Wednesday July 30, 2014, 8:23 am
Way to go Mark Cuban. This is a trend we need to see. Corporations are anti-American if they don't pay the taxes they owe the United States of America. If you want your "corporations are people, too" status, earn it. Otherwise, take your "trickle down" bullshit with you to China, Russia, or North Korea. I am sure they will provide a safe haven for your money. I am sick and tired of watching scum like the Koch brothers pay large sums of money to subvert the United States of America via politics so the rich boys can buy another yacht and pay pathetic wages to their employees. Please leave America, you don't give one iota about US.

Roger G (154)
Wednesday July 30, 2014, 2:41 pm
noted, thanks

Angelus Silesius (119)
Wednesday July 30, 2014, 4:55 pm
Here is a guy who really is patriotic and believes in his country and its people
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