When people ask how we are supposed to pay for government programs, this kind of thing is the first that comes to mind:
Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
Forbes.com – What The Top U.S. Companies Pay In Taxes
(Via This Alternet post.)
The levels of anti-U.S. weaseling by large companies who benefit from corporate welfare needs to stop. RIGHT NOW.