Tax-Avoiding Corps

[Max Sawicky]

I took a spin thru the report.  I don't think
there's much ammunition in it.  The best factoid
is that non-paying corps owned about 20% of all
corporate assets.  So there's either a lot of
non-productive capital or somebody's escaping
their tax liability.  The fact that a majority
of corps are non-paying has a gee-whiz air
to it but doesn't mean much, since any fool
can start a corporation that doesn't do much.

You can see from the report that Dorgan, whom
I like a lot, is working the foreign tax deadbeat
angle in his request, but I don't think that theme
is what you are interested in.  Even from my own
pseudo-nationalist trade perspective, I don't put
much in it.

The stuff that works the best politically is
evidence to support statements like, "General
Consolidated Dingus, Inc. made $1 zillion in
profits and paid zero in taxes."  CTJ is doing
new work on this and should have something
in the near future.

max

Max,
Perhaps we could shift the debate ever so slightly to help the folks working
on the upcoming conventions in Philly and LA.  Below is the link for the GAO
report to Sen. Byron Dorgan on Corps. . . .