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Monday, September 12, 2005


All the President's Friends

The Insidious impact of Tax Dodging
The fact that large corporations, especially multi-national ones, enjoy special privileges (loop holes) that allow them to avoid paying taxes is no secret. The situation is a common one. It exists in most of the rich nations. In the United States, many law firms are engaged full time in advising their clients how to take advantage of the opportunities created by friendly legislators. Hedrick Smith did a great exposé of American companies in Frontline (see below). Today's issue of the Guardian,UK, carrries an article captioned Tax avoidance 'keeps developing countries poor' that outlines the scope and magnitude of the damage done by the tax dogders. The figures were based on a report issued by Christian Aid and covers UK companies.
The Guardian,UK 9/12/05

Tax Me If You Can - Hedrick Smith in Frontline 2/19/2003
"A government, for protecting business only, is but a carcass, and soon falls by its own CORRUPTION and decay."
---Amos Bronson Alcott 1799-1888, American Educator, Social Reformer

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