As Romney Releases Tax Returns, Former Senate Investigator: We've Got To Tax Corporations

democracynow.org - During the GOP primary, Mitt Romney has come under fierce attack for parking millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven. Democracy Now! speaks with Tax Justice Network USA Chair Jack Blum, a former top Congressional investigator of financial crimes, who says tax evasion could seriously cripple the already struggling economy. Blum appears in "We're Not Broke," a documentary that premiered at the Sundance Film Festival. The film examines widespread corporate tax evasion in the United States and the increasing role of offshore tax havens. "Has [Romney] cheated? No," Blum says. "But what he has done is take full advantage of the system that has been structured the way it is because of political influence and tremendous amount of lobbying money on Capitol Hill. ... We must not only rewrite the internal revenue code, but we must get a fair contribution from the very wealthy and from corporations — that is the only way to balance the budget."

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Category:

News & Politics

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• democracy now
• dn
• headlines
• news
• politics
• amy goodman
• sundance
• film festival
• we're not broke
• tax justice network
• jack blum
• taxes
• offshore
• cayman islands
• switzerland
• swiss banks
• tax
• havens

[youngbuck189]

Corporations control the world, they are the elites, they are the NWO. There is nothing else but corporations.

[bvrcrap56]

the ENTIRE problem with the US economy is one of an irrational tax code. There are TRILLIONS in cash available, untaxed and gathering dust...except for that paying off the tax men for favors. i pay you off, you fuck the poor.

[jjbarbados]

Shame on those who make money with no effort !!!

[bluefootedpig]

@bvrcrap56 docunemtary (by the right wing and a little left) called "an inconvenient tax". Yes it is a sad play on another documentary, but explains how cronny capitalism ends up in our tax code. Did you know there are tax write offs for buying from one certain company? This is why we need a simple system, like a flat rate tax that doesn't tax used goods, or basic needs such as food.

[Louielounge]

"The Cayman Islands, a notorious Caribbean tax haven" -- i.e., a Pirate Cove

[rolovolo]

USS Enterprise False Flag!

watch?v=tnt-ZYsgd-0