Corporations and the extremely rich use offshore tax havens to avoid paying taxes. When they don't pay the middle class and poor have to pay more. A solution to the tax cheating rich and corporations would be to ban them from doing business in the US if they use offshore tax havens. Although many believe corporate taxes are too high that's not the case. Corporations pay a third of the taxes they paid during the 1970s. Corporations doing business in the US are using all of our country's infrastructure but aren't paying for it. The time to end the gravy train to the extremely wealthy is to ban all corporations from doing business in the US if they use offshore tax havens. We've all heard about the Panama Papers. Investigators have barely scratched the surface but many powerful & extremely rich people have shown how they avoid taxes in countries around the world. When they don't pay the middle class and the poor have to pay more. Let's stop their free lunch. The following is a question that will be asked to two senate candidates in Florida if enough people vote for the question. I urge people to have the following question asked to hold tax cheats and deadbeats accountable. PLEASE VOTE: All corporations using offshore tax shelters should be banned from doing business in the US. #StopTheirGreed! https://floridaopendebate.com/questions/17352/vote/
1) You are mistaken if you think the tax rates are based upon the actual needs of the government. If that were the case, there would be no debt. If you are concerned about paying the bills, you might would start with eliminating the earned income tax credit since taxes I do pay get handed out to people who get back far more than they ever paid in because their vagina is an ATM machine. There is no business incentive for international companies to pay more taxes than are necessary just because someone wants their money. 2) The reason many of these companies do not bring their overseas profits home is because those profits are already taxed overseas and they do not want to pay an additional 39% tax on them here in the US. If Apple makes a cellphone in Taiwan and sells it in China, then any taxes on the transaction in the US is "gravy" for the US government. If there is a fundamental issue with the current arrangement it would be that Apple does not pay the people who make their product overseas more, not that we do not enjoy a windfall from it.
