Video: We're Not Broke Documentary on Multinational Tax Dodging
January 15th, 2013
We’re very excited to share with you the newly-available documentary We’re Not Broke. Many multinational corporations in the United States pay a 0% tax rate. In a few cases, major brand-name corporations paid a negative tax rate in 2010–meaning they received a check from the IRS, instead of paying in.
The documentary doesn’t look at developing countries, but this sort of behavior is exactly what companies in the world’s poorest countries to avoid paying tax. Profit shifting for the purpose of tax dodging siphons billions away from the developing world every year, and is a major root cause of global poverty. Here at the Task Force, we advocate for country-by-country reporting, which would force companies to disclose exactly figures for sales, number of employees, costs, taxes paid, revenue, and profit in every individual country in which they operate.
The trailer for the documentary is below. You can watch the (non-embeddable) version for free on Hulu. Unfortunately, it is only available for free online in the United States at this time.
Learn more about We’re Not Broke here.