Monday, January 23, 2012

Uh oh ... British Parliament now coming out against corporate welfare assistance ...


British Members Of Parliament Call For Closure Of Romney’s Cayman Islands Tax Haven


"The motion states that the House is “alarmed” by reports that Romney and others are using the Caymans to 'avoid paying the same tax rate as other US citizens' and 'concerned about the continued use of tax havens by the top 1% in the US and UK to avoid paying the correct tax in their own country.'
... The United States loses $100 billion a year in tax revenue to offshore tax havens like the Caymans, according to the U.S. Public Interest Research Group."
... The United States loses $100 billion a year in tax revenue to offshore tax havens like the Caymans, according to the U.S. Public Interest Research Group." 
  

“As a former member of the Treasury select committee, I think it is a disgrace that the Cayman Islands, a tax haven, can enable wealthy corporations and individuals such as Mitt Romney and others in the wealthiest 1% to avoid tax and still be cloaked in secrecy. 
Meanwhile all across the western world, hard-working people are seeing their living standards and take-home pay stagnate or reduced.
It reminds me of President Kennedy’s comment in his inaugural speech, ‘pay any price, bear any burden’. Except it’s hard-working, modestly paid majority who are bearing that burden.”

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Desperate for Diversions

 

Popular Posts