Corporations want to bring some money home from tax havens to the US, but in true Galtian fashion, refuse to pay taxes on it. They got what they wanted under the Republicans in 2004, but the Democrats stopped them in 2009. Fool me once… surely Congress won’t get fooled again. Will it?
|By: Yves Smith Saturday April 30, 2011 1:59 pm|
Treasure Islands tells us that tax havens are much larger and much more destructive than most might realize, yet at the same time enjoy much more unofficial and formal support from governments in advanced economies than many of us want to believe.