We all hate paying taxes, but we still have to pay – unless you’re a corporation with a phony office in the Cayman Islands.
The Hill reported today on a Senate bill limiting the ban on corporate tax avoidance (cough evasion).
“A spending bill moving through the Senate would limit a ban on federal contracts for companies that put most of their operations outside the U.S. for tax purposes.
Language in the Senate financial services and general government appropriations bill would loosen a prohibition first instituted in the 2002 Homeland Security Act.”
So there you have it. Corporations continue to run the country like an organized crime syndicate and politicians as their fixers in the capitol.