It's amazing how many tax loopholes there are for powerful corporations. This editorial from NY Times explains how Congress will try to close the tax loophole that allows Defense contractors to avoid paying taxes by locating in tax havens like the Cayman Islands.
Companies like KBR, a former Halliburton subsidiary (previously run by Dick Cheney) get billions of dollars from the U.S. Defense Department and then don't pay taxes on that income. Wow, very patriotic. What a scam!
http://www.nytimes.com/2008/05/09/opinion/09fri2.html?hp
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment