Tax Planning? Or Tax Cheating? Laws that encourage corporate tax havens are bad for America,writes Fellow Edward Kleinbard in the L.A. Times. Read his op-ed stating that corporate tax cheating hurts us all.
It today's L.A. Times, Edward Kleinbard, a TCF fellow says that corporate tax havens are bad for American citizens. We couldn't agree more. He writes:
For citizens hoping for serious tax policy and budget debates, this has been a dispiriting election cycle. One party urges tax rates too low to support any plausible platform from which government can deliver the services we all expect.
Those are the Democrats.
The other party inhabits a realm of fantasy akin to Erewhon, the fictional land created by the 19th century satirist Samuel Butler. In Erewhon, Butler wrote, "If a man has made a fortune … they exempt him from all taxation, considering him as a work of art, and too precious to be meddled with; they say, 'How very much he must have done for society before society could have been prevailed upon to give him so much money.'"
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