Of the ten companies listed above, only Home Depot has not set up an offshore subsidiary to avoid paying its taxes.
They are truly in the minority. In all, 83
of the 100 biggest corporations in America have set up off-shore tax
shelters, costing the rest of us as much as $100 billion a year!
President
Obama has proposed a budget that invests in many of America's
priorities, including education, health care, modern infrastructure and
middle class tax relief. His budget will also close the loopholes that
allow corporations to set up off-shore tax havens, and now it’s in the
hands of Congress.
Please sign our Tax Day Declaration telling Congress to close these loopholes.
TAX DAY DECLARATION
Dear Congress:
As
taxpayers, we foot the bill when large corporations skip out on their
taxes by setting up off-shore havens in places like the Cayman Islands.
This tax day, we’re saying, “No more!”
The president
has proposed a budget that will close corporate tax havens. The budget
is now in your hands and we call upon you to close these off-shore tax
havens once and for all.
