Friday, April 12, 2013

Clocks ticking. Do you know where the multinational profits are?

The clock is ticking and your personal tax filings are due on Monday.  If you are like me you asked for an extension on your business tax filing that was due before this (S-corps and LLCs).

So as you rush to get the taxes done or are checking with your tax preparer to see how it is going, take a few minutes to see that your same anxiety is not shared by most multinational corporations that won’t be sending Uncle Sam any income taxes—or for that matter don’t have to pay any.

Watch the clips below and then raise your voice with your members of Congress.  We’re subsidizing these giants because Congress won’t make them pay their fair share of taxes.

What do America's Biggest Tax Cheating Corporations Want Now? http://youtu.be/_GizC6OnVpM
• Big Corporations are pushing for a Territorial Tax System. 
Find out what it is and how it's going to affect Americans!

How Do Billion-Dollar Corporations Cheat America Out of Tax Revenue? http://youtu.be/miO8cuIhYrs
• This tells how corporations use transfer pricing to shift profits offshore and get out of paying taxes in the U.S. 

The Truth About Corporate Tax Rates http://youtu.be/YsWq2kaD-gs
The tax rate is 35%. Corporations complain it's too high. But how much are they really paying?

Speaking of Big Corporate Tax Cheats...  http://youtu.be/tVPgpoN-RzY
• Carl Gibson, co-founder of US Uncut, speaks on the Mississippi State Capitol steps about how individuals pay more taxes than many multinational corporations. 

 

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