The activism groups behind a widely circulated (and false) AP report stating GE would return its entire 2010 tax refund of $3.2 billion to the US Treasury appear to be getting the band back together. US Uncut and The Yes Men are planning another event to draw attention to the massive problem of corporate tax dodging, but this time they’re taking their activism directly to the source of America’s lost revenue: the Cayman Islands.
The groups have posted a Kickstarter account to help raise $10,000 by June 30 in order to fund the fact-finding mission.
US Uncut expresses the purpose for the quest:
Full Article
Source: The Nation
The groups have posted a Kickstarter account to help raise $10,000 by June 30 in order to fund the fact-finding mission.
US Uncut expresses the purpose for the quest:
In order to understand why thousands of teachers are losing their jobs across the country, we set out to discover where the leak was in Uncle Sam's revenue bucket. In Washington, we found myriad lobbying groups and politicians bickering about tax repatriation holidays, negative corporate tax rates and comprehensive tax reform. Oh my! But nobody could explain where the money went, and how to get it home?
Nearly exhausted, we were about to throw in the beach towel when a sign came—in the form of a palm tree. Could it be that all the money is just a few tropical waves south of Key West? Sitting in off-shore bank accounts, just waiting to be brought back to share with eager shareholders and upstanding citizens alike?
Full Article
Source: The Nation
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