Last Week I received an email from reader Eric in response to the "U.S. Corporate Tax Dodge" by Barry Ritholtz. First, let's discuss the "fair tax" proposal of Ritholtz.
In his article, Ritholtz sides with Fortune author Allan Sloan who wrote about Positively Un-American Tax Dodges.
Ritholtz and Sloan are upset at U.S. corporate executives who engage in "inversion”, defined "moving the location of incorporation to a tax haven and skipping out on paying U.S. taxes".
Sloan says “The spectacle of American corporations deserting our country to dodge taxes while expecting to get the same benefits that good corporate citizens get is unacceptable".
Ritholtz proposes 5 measures that would promote "fair taxes".