Forum Post: Do Not Allow Multinationals A Tax Break
Posted 13 years ago on Oct. 14, 2011, 2:41 p.m. EST by WilliamPilgrim
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This content is user submitted and not an official statement
In the New York Times article posted here: http://www.nytimes.com/2011/06/20/business/20tax.html?_r=3&hp it points out that many of our favorite corporations, Google, Apple, etc, want to bring home the cash they earned overseas, and to pay a paltry 5% tax rate as opposed to the normal 35% rate. Haven't these companies done enough damage to the USA by moving their factories off shore, and using foreign labor instead of American workers? Why should we reward their bad behavior by giving them a tax break?
Now you know what they mean by free-market. But try to subscribe to some of their services to see how free it is. Free-market to whom?