Citizens for Tax Justice on Google and Amnesty
October 25th, 2010
Citizens for Tax Justice's (CTJ) weekly Tax Justice Digest links the Google tax avoidance scandal to last week's revelation that multinational corporations are lobbying for a tax amnesty to repatriate billions of US$ "trapped" offshore: the lobbying by Multinationals for a tax amnesty. From CTJ:Continue Reading
Corporate lobbyists are once again asking Congress and the Obama administration for a tax amnesty for "repatriated" offshore profits. U.S. corporations that shifted profits offshore would get to bring that money back to the U.S. without paying the corporate income tax at the normal statutory rate of 35...