Tag Archive for taxes

Our Multinational Fast Food Corporations are Dodging Billions in Taxes

Not only is the overconsumption of fatty, salty, and sugar-laden foods literally killing us, our multinational fast food corporations are dodging billions in taxes; earning enormous profits through franchising fees, then diverting the profits to overseas operations where they can’t be taxed by the U.S.

Consumerism is the mantra; insidious marketing is everywhere. Fast food chains providing cheap food stuffs to Americans who can afford little more ignore both the physical welfare of our citizens and the fiscal health of our country. Read the following articles and share your thoughts.

Fast food companies are dodging billions of dollars in taxes by registering their products as "intellectual property" and by diverting profits offshore. So the next time you're biting into a Big Whopper, know that you're making their headquarters in Switzerland very happy! | Susie Madrak, Crooks and Liars

From Crooks and Liars

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Weapons makers now suggesting that GOP reconsider tax hikes.

Our global military presence requires a mammoth defense industry, one that consumes nearly half of all military expenditures worldwide. In January, 2013, automatic defense cuts are scheduled to occur under the Budget Control Act. This sequestration has members of Congress and major defense contractors scrambling to dodge this bullet.

Desperate to protect their bottom line, weapons makers now suggest that the GOP consider raising revenues (taxes!). Just maybe those top tier Bush tax cuts should expire to facilitate a budget agreement before the New Year’s deadline. How will Republicans respond to this powerful lobby?

From The Huffington Post

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Why is Romney continuing to stonewall despite pleas for complete disclosure?

On PoliticsNation with Reverend Al Sharpton, I joined Bloomberg’s Joshua Green and Huffington Post’s Ryan Grim to discuss Mitt Romney’s continued stonewalling on the tax return issue and asked these questions: Is it possible that Romney participated in the 2009 IRS Amnesty program for Americans with undeclared off-shore bank accounts? If so, might this doom his campaign? Some viewers objected to my “boneheaded partisan attack.” As you read this, change the name ‘Romney’ to ‘Obama’, then ask if GOP supporters would look the other way.

From PoliticsNation with Reverend Al Sharpton

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