Why Isn't Austerity For The Greedy CEOs of Fix The Debt?
"So the one-time-only Bush repatriation tax holiday (2004) is back again, again. A year ago, NC Democrat Sen. Kay Hagan partnered with Sen. John McCain in an attempt to resurrect the one-time-only scheme one more time. It went nowhere. But their corporate sponsors are persistent little devils. So now repatriation is back re-branded as Fix the Debt’s “territorial tax system.” In addition to the profits mentioned above, the territorial tax system “give companies additional incentives to disguise U.S. profits as income earned in tax havens in order to avoid paying U.S. income taxes"."
