Tuesday, August 12, 2008
Surprise! Corporations avoid paying income taxes!
The study reported here does not mention how much they think the American gov't loses per year from these games corps play to avoid paying their fair share. Republicans will probably say that all the dirty tricks to avoid paying taxes attracts businesses to the U.S., which in turn makes the economy stronger, which makes individuals richer, which makes the individuals pay more taxes to keep the gov't running and build infrastructure. I think that's an interesting theory; but, like many conservative theories, I'm not quite sure it really happens like that in real life.
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