Sunday, March 10, 2013

A HOARDERS PARADISE


HALL OF SHAME: a failure to meet your own standards of behavior

 A HOARDERS PARADISE
Johann Wagener 3-10-13

Welcome to paradise! If you are a “hoarder” that is.

The largest U.S.-based companies expanded their untaxed offshore stockpiles by $183 billion in the past year, increasing such holdings by 14.4 percent, according to data compiled by Bloomberg.

Only in America is it politically polite to complain about people living on $4.00 a day food stamp programs while praising tax dodgers for the skillful ways they can fleece this country; A HOARDERS PARADISE

The build-up of offshore profits -- totaling $1.46 trillion for the 83 companies examined -- is increasing because of incentives in the U.S. tax code for booking profits offshore and leaving them there. The stockpiles complicate attempts to overhaul the tax system as lawmakers look for ways to bring the money home and discourage profit shifting.


Offshore Cash Hoard Expands by $183 Billion at Companies