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".
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 22nd, 2014 | John Ransom
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus