Max Sawicky wrote:
> 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. . . .
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu