Fortune 500 Companies Stash $2.1 Trillion Offshore as US Taxpayers Foot the Bill

Yo people them evil corporations DO pay taxes, HERE, and OFFSHORE.

Stop acting like they don't because they DO.

And no US tax payer don't foot the bill because half of this country DOESN'T pay taxes.

46 Percent of Americans Exempt From Federal Income Tax in 2011

The United States’ worldwide system of corporate taxation requires multinational corporations to pay taxes twice, first to the foreign country in which they do business and then to the IRS after they repatriate their profits.

Multinational corporations reported paying $128 billion in corporate taxes to foreign countries on $470 billion of taxable income in 2010, according to most recent IRS data.

60 percent of income earned abroad was by manufacturers. Most was income from petroleum and coal manufacturers, who paid an average effective tax rate of 36 percent.

taxfoundation.org...

Stop spreading 'disinformation' to put it nicely.

a reply to: neo96
Didn't take long for someone to shift the blame to the Americans who don't pay taxes simply because they make low wages and many have children that gives them a tax break. If anything that is very fair of the US government. Give the working poor a break!

I guess these corporations feel that they shouldn`t have to pay taxes since they are providing a public service by providing us with all that cheap Chinese crap that we can`t seem to live without.

a reply to: jrod

It usually doesn't take that long for someone to show up that KNOWS what they are talking about, and expose blatant lies like this:

Fortune 500 Companies Stash $2.1 Trillion Offshore as US Taxpayers Foot the Bill

The only money corporations have to pay is the money they make in this country.

The money they make offshore is paid over there in taxes.

And people are not being made to 'pay' for it.

a reply to: neo96

and now you are making an assumption that all this money was made over seas and not moved over seas


good job neo

really good job thats probably the best argument ive seen you make in weeks

In some cases, U.S. law allows a company to simply maintain a post office box at an offshore site to reap the tax benefits. For example, one five-story office building in the Cayman Islands serves as the registered address for 18,857 registered subsidiaries.

According to the study, the 30 worst offenders account for 65 percent of the total estimated offshore profits, booking as much as $1.4 trillion overseas for tax purposes

sounds legit right?


you didnt even read the article did you?
why am i surprised?