Apr 01 2011

Americans Confront Corporate Tax Dodgers

Feature Stories | Published 1 Apr 2011, 10:38 am | Comments Off on Americans Confront Corporate Tax Dodgers -

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US UncutJust two weeks from tax day, many Americans are struggling to navigate IRS paperwork and dreading the possibility of having to pay additional taxes. But corporate persons like GE, Bank of America, and others, have no such worries. In fact both GE and Bank of America paid zero dollars in corporate taxes in 2010. They accomplish this by hiring teams of staff to exploit any and every loop hole in the corporate tax code, while sending armies of lobbyists to Washington DC to win tax concessions and subsidies. Recently, British journalist Johann Hari writing for the Nation, laid out a concise 10 step plan for American activists to target tax dodgers in the same way that British activists have successfully done through an organization called UK Uncut. Last weekend, American activists in various cities confronted tax dodging companies under the banner of US Uncut. In fact, in Washington DC, over a hundred members of US Uncut shut down a branch of Bank of America on Saturday.

GUEST: Chuck Collins, Senior scholar at the Institute for Policy Studies where he coordinates the Program on Inequality and the Common Good (www.inequality.org), cofounder of US UNCUT, a network working to stop corporate tax dodging (www.usuncut.org), and co-author of “The Moral Measure of the Economy” and with Bill Gates Sr. of “Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes.”

Find out more at www.usuncut.org.

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