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 offshore 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, which includes education, health care, modern
infrastructure and middle-class tax relief. His budget will also close
the loopholes that allow corporations to set up offshore 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 offshore 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
offshore tax havens once and for all.
