By no fault of the Prez elect, this shit is just too hard to stop.
The Government Accountability Office (GAO), Congress' investigative watchdog, has found that "a majority of America's largest publicly traded companies and the U.S. government's largest federal contractors use multiple subsidiaries in offshore tax havens to conduct business and avoid paying U.S. taxes," writes Carol D. Leonnig for The Washington Post.
The culprits include some corporate giants who are receiving countless millions in bailout money
Full story here:
http://rawstory.com/news/2008/Offshore_tax_havens_of_US_corporate_0116.htmlI'm sure the conservatives and libertarians and fair taxers in the crowd will say there is absolutely nothing wrong with this situation, other than the companies being taxed at all.
Fuckin' joke.