Working Life

WTF? Ok, I guess I should actually say: this is not shocking but because Chuck Schumer just made me yell “WTF?” and ruin my schedule for the rest of the day…

The loud yelling and clapping you just heard came cascading down from executive suites of all the tax-dodging big corporations who must be dancing in the halls. “Bi-partisanship” is about to fleece the American people–yet again. And it’s being led by the presumed Democratic majority leader come 2016, Chuck Schumer.

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Just keep in mind this point: every time your favorite consumer company, the one with that very friendly logo, rolls out a new product, its internal corporate machine is getting ready to dodge taxes.

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I couldn’t help the “EXPOSED” start to the headline because, actually, this is no surprise. Citizens for Tax Justice has been making this case for a very long time (including here, just as one example). But, here’s another piece of evidence to try to undo that hard-wired, decades-long rhetorical nonsense about corporate taxes being too high in the U.S.

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It’s not “breaking news” because it’s pretty common knowledge that corporate America–or, more accurately, American-based corporations–is treated differently allowing it to rob the public, day after day. Still, worth adding to the list another absurd new tidbit in the saga of how to rip off the American public through tax dodging.

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The corporate thieves running U.S.-based corporations are just counting the days until Carl Levin heads off to retirement at the end of this term. It was Levin, you may recall, who looked at Goldman Sachs and saw “a financial snake pit rife with greed, conflicts of interest, and wrongdoing”. And he isn’t letting go: he’s now moving to try to close a loophole that will put billions of dollars in taxable corporate profits into offshore accounts, a scam that robs the people of revenue.

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Well, unfortunately, and not surprisingly, the answer to this question is “yes”. I’ve taken this headline almost verbatim from Citizens for Tax Justice (CTJ) which has been trying to stop this scam for a long time–and is getting no help, and, in fact, the opposite from the president.

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Full disclosure. I’m typing this blog on a Mac. Within reach is my IPhone. So, this is not some sort of stealth pro-PC campaign. But, enough already — Apple is perhaps one of the biggest corporate tax dodgers in history. And it’s OUR money that Apple is salting away in tax havens around the world — money that isn’t going to the Treasury to fund schools, roads, health care and you name it. I’m right there at the point of throwing all my Apple products away — or at least pledging never to set foot in another Apple store again. What about you?

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Alright, I guess I’ll do the obvious—a short rumination on taxes. I’ve always believed in taxes, though I certainly would rather my contribution to the federal treasury go to building schools or funding alternative energy than paying Halliburton to fleece us or some new, nutty version of Star Wars (isn’t it amazing how scientifically-discredited weapons […]

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