Corporate giants are eating our towns

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Small businesses are screwed. Giant transnational corporate tax dodgers are costing small businesses thousands of dollars. Not only have 26 major American corporations used tax loopholes to avoid paying any federal taxes over the last four years, but roughly $60 billion in revenue is lost every single year thanks to corporations stashing cash in offshore bank accounts. And guess where that money has to be recouped from – working people and small businesses.

According to a new report by the U.S. PIRG – corporate tax dodgers cost every small business more than $2,000 each every single year. As the PIRG report says, “Instead of competing on a level playing field, small businesses and those without offshore tax havens must pick up the extra tax tab and compete against the artificially lower costs of multinational companies using tax havens.” You can see the effect of this unfair competition in Main Streets across America – where small businesses have shuttered – and massive corporate chains have set up shop.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Ain't no big thang. 60 billion a year only runs the government for about a month. Quit picking on the poor corporate giants.

Bush_Wacker's picture
Bush_Wacker
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Jun. 25, 2011 7:53 am

AMERICAN CORPATIONS WANT AMERICA TO BE THE NEXT EMPIRE, BUT IF YOU LOOK BACK AT HISTORY NO EMPIRE HAS EVER SURVIVED THE TEST OF TIME.
DIDN'T JESUS SAY "THE POOR SHALL INHERIT THE EARTH" SO ARE THE RICH JUST HASTENING THEIR END?

sheild
Joined:
Apr. 12, 2012 11:58 pm

Yep. Don't begrudge them their small theft...focus on the nearly trillion bucks they rake in off the American taxpayer for "defense". Their imperial-living CEO's need every dime we can spare.

'Tis costly to protect ourselves from men livng in Afghan caves. We need all the aircraft carriers and ICBM's we can muster!.

Retired Monk - "Ideology is a disease"

polycarp2
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Jul. 31, 2007 4:01 pm

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Time to Rethink the War on Terror

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When Eric Holder eventually steps down as Attorney General, he will leave behind a complicated legacy, some of it tragic, like his decision not to prosecute Wall Street after the financial crisis, and his all-out war on whistleblowers like Edward Snowden.

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