Tuesday, April 14, 2015

Senator Sanders' wants corps pay their fair share

Granted it will never pass the regressive Republicans or the CorporDems. Still, it is fair and just. Ah, that's not a good thing in today's politics. See this post for the details. The bullet points:

1. Ending the rule allowing American corporations to defer paying federal income taxes on profits of their offshore subsidiaries. (Section 2 of the bill.)
2. Closing loopholes allowing American corporations to artificially inflate or accelerate their foreign tax credits. (Section 4 of the bill.)
3. Preventing American corporations from claiming to be foreign by using a tax haven post office box as their address. (Section 5 of the bill.) 

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