The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

How Much Can They Hide?

Mar 9, 2009

The nation’s largest corporations put millions of dollars into offshore tax havens. Eighty-three of the country’s 100 largest corporations–including Citigroup, Bank of America, Morgan Stanley, JPMorgan Chase, Wells Fargo, GM, GMAC and Cerberus–keep part of their money where U.S. tax laws don’t apply.

There’s only one problem for these slickers–they have to pay taxes on the money when they bring it home.

The Senate is trying to solve this problem for them–by setting up another tax “holiday” for U.S. corporations, letting them bring money back without paying any taxes.

Don’t let them tell us these companies have no money–and the Senate even knows where they are hiding it!