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How US Companies Stash Billions OverseasâEUR"Tax-Free

Business  (tags: abuse, corporate, corruption, taxes, obama, corporate tax abuse, lies, ethics, dishonesty, politics )

- 1477 days ago -
And now the Obama administration wants to send the tax man after (some of) them.


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Gene J (290)
Friday February 6, 2015, 12:31 pm
So do I. Minnesota's own Medtronic, founded in a tiny building a few miles south of where I lived in the late 1970's, has "sold" itself to an Irish company where it is now headquartered for tax purposes. The company hasn't gone anywhere, they are still incredibly profitable (they make medical devices, have invented many), but avoid a lot of American taxes by this sham sale and movement of nothing to Ireland. I hope Obama finds a way to make every American company purposefully avoiding American taxes to be held accountable as any private citizen would be if trying to shelter our income overseas while still living here 100% of the time. Fair is fair and American businesses should not have a separate playbook than the rest of us.

Janet B (0)
Friday February 6, 2015, 1:17 pm

Lois Jordan (63)
Friday February 6, 2015, 1:56 pm
Noted. Thanks for posting, Cal. I agree with what Gene stated above. We should also do our best not to purchase anything from these thieving companies.

Birgit W (160)
Friday February 6, 2015, 2:45 pm
This is no news unfortunately. Only the little tax payers have to pay.

Freya H (345)
Friday February 6, 2015, 2:53 pm
Inexcusable, unforgivable, unethical. This needs to stop! I have seen and signed petitions calling for closure of loop holes that allow this vile practice.

Leanne B (46)
Friday February 6, 2015, 4:09 pm
This has disgusted me for years. Profit whores who put nothing back into our society!

Charlene Rush (79)
Friday February 6, 2015, 8:42 pm
There's only one thing to say about this problem.
As long as we, the voters, continually vote these crooks back into office, the bolder they become and the more they steal from our country, meaning the tax payers, who are the middle class, generally speaking.
Actually, we have no one to blame but ourselves. In fact, I believe we keep returning them to office, because we are afraid of what we DON'T know about their competition.
The fact is, anyone NEW, couldn't possibly be any worse, or could they?

edward jagusiak (25)
Friday February 6, 2015, 10:44 pm
Only little people taxes-Leona Helmsley

Winn A (179)
Saturday February 7, 2015, 5:47 am
Agree with Freya H.

Darren Woolsey (218)
Saturday February 7, 2015, 9:21 am
This is a variation of the good ole "offshore account" that has been plaguing governments forever.

Accountants dress this up as legitimate and of course, any chance of saving money, rather than paying tax, and most people jump.

Past Member (0)
Saturday February 7, 2015, 11:15 am

Mary Donnelly (47)
Saturday February 7, 2015, 1:42 pm

Dawnie W (250)
Saturday February 7, 2015, 6:45 pm
It's high time the government got some nous and balls and made them all pay up. They are robbing their country men and women and children of vital services. Wrong, wrong, wrong. It appears it goes on everywhere and why they are all so greedy for an extra trillion or so is mind blowing when the amount they are already making is mind-blowingly obscene anyway. Thanks for posting informative article...

♥(✿◠‿◠✿)♥*♥˚☻Love & Peace☻go with☻you all.☻˚♥*♥(✿◠‿◠✿)♥

Hilary S (65)
Saturday February 7, 2015, 6:47 pm
in the olden days switzerland became very wealthy indeed - still is - when people including corrupt governments and corporations, sank their illicit earnings into a swiss bank safe deposit box. tax free havens were set up to absorb just such needs.
interestingly, many jewish people sent money to switzerland from german occupied countries wwii ,and the swiss have no interest in either finding relatives of perished depositors, or of sending that wealth somewhere that other jewish people whose families suffered during the war.

Past Member (0)
Sunday February 8, 2015, 1:05 am

Darren Woolsey (218)
Sunday February 8, 2015, 1:30 am
The Global Financial Crisis and everything that has followed since, has basically demonstrated how fundamentally flawed and corrupt the whole economic world environment is, and also proved that if you give some human beings half a chance again, they WILL fall back into the same devious criminal habits and repeat the same mistakes, as they know no different.

Gabriele Jefferson (147)
Sunday February 8, 2015, 4:28 am
Noted, shared on fb, twitter, g+, zhx.
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