- "In the international arena, U.S. multinational firms have established themselves as world leaders in global tax avoidance strategies," Edward Kleinbard, a former chief of staff for Congress's Joint Committee on Taxation, writes.
- Inversions are just the latest evidence. The rich want us to believe their wealth is good for us all.
Ben Hallman, Huffington Post
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Chiquita Brands International Inc., is just the latest American company looking to escape the U.S. tax code by merging with a smaller overseas company. | Bloomberg via Getty Images
08/19/2014 | Not long ago, the top executive at a large American drug company said that her company would be planting its corporate flag in the Netherlands, because the U.S. tax code is just so darn unfair.
Heather Bresch, the CEO of Mylan, told a New York Times columnist that her bid to acquire a smaller Dutch company and move ownership abroad through a controversial tactic known as an inversion was forced by Congress, which has refused to lower corporate tax rates and make U.S. businesses "more competitive."
As a patriot, she resisted until it was clear she had no other choice, she said.
Ben Hallman: Senior financial writer at Huffington Post.
Full story …
The rich want us to believe their wealth is good for us all, George Monbiot, The Guardian
- As the justifications for gross inequality collapse, only the Green party is brave enough to take on the billionaires’ boot boys.
- The U.S. Is Even More Unequal Than You Realized.