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Shocker: American Companies Seek To Avoid America’s Confiscatory Corporate Taxes
Say Anything — This will have many a populists’ blood boiling, but it’s what we get for having the worst corporate tax code in the world: WASHINGTON – Eighty-three of the nation’s 100 largest corporations, including Citigroup, Bank of America and News Corp., had subsidiaries in offshore tax havens in 2007, and some of the companies received federal bailout funding, a government watchdog said Friday. The Government Accountability Office released a report that said Bank of America Inc., Citigroup Inc. and Morgan Stanley all ...

Redefining the "tax haven"
TigerHawk — It used to be that a "tax haven" was a jurisdiction with little or no tax and laws that prevented the long arm of the United States government from finding assets or income that had been stashed there. No more. Now Democrats are trying to redefine the meaning to include any jurisdiction with little or no tax, even if it is completely accessible to the Internal Revenue Service. Hence the ridiculous claim , unchallenged by the Associated Press, that "8 out of 10 corporations" (the A.P. means "large multinational corporations") have subsidiaries in "offshore tax havens." Indeed, ...