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Is Closing Tax Loopholes Just The Start?

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Uploaded by on May 5, 2009

http://blogs.mccombs.utexas.edu/brandl. Wadie Habiby (TEMBA 07) asked me to comment on the Administrations attempted crackdown on the checkbox tax loop hole that allows US corporations to avoid paying taxes by shifting income to offshore subsidiaries. Here are my thoughts. Tell me what you think.

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  • "Is Closing Tax Loopholes Just The Start?""

    Let's hope so!! The class war has been going on for decades in this country .... so far the top 10% have been winning handily .... but it seems the momentum has finally shifted. I imagine that the multinats are beginning to realize that they finally pushed too far and hard .... and they are collectively thinking: "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

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