Conason: Offshore Tax Havens From Bailed Out Companies Costing Our Economy Estimated $100 Billion

From 1600 Pennsylvania Ave. Joe Conason talks about his article at Salon: AIG is chump change -- let's find corporate America's hidden billions

http://www.salon.com/opinion/conason/2009/03/23/big_clawback/index.html

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News & Politics

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• Conason
• Offshore
• Tax
• Havens
• Bailed
• Out
• Companies

[sushifool]

Trickle down is such a joke. Reagenomics has broken the government and republicans and democrats are equal to blame.

[OneoftheImmortals]

12 Trillion American dollars hidden in other countries.

12 TRILLION?!!!

[Salladsdressing]

@areki38

First of all, it is 12 trillion for the enitre world and second. Most of that money is INVESTED to create millions of jobs world wide and to increase production wich leads to a higher standard of living for millions of people.

Have you read any economics?

[Salladsdressing]

@OneoftheImmortals

No... =)

That's 12 trillion for the ENTIRE WORLD not just the US.

And it isn't hidden away. like there is some guy just sitting there gaurding alle the stacks of money.

Most of the money is invested in assets to.......badabam bam bam bam CREATE MILLIONS OF JOBS!

[faceswithin]

is MSNBC what propaganda looks like when they all fight again one news show Fox does that up set any one people called Bush Hilter but it was propaganda of all the news shows that were on his side and the ones that were not they killed them think about it why would this be going on

[peaceispatriotic7]

Sorry, I did miss your sarcasm. What I mean about "infividualism" is not about getting in to every other countries business like we do, what I mean is that a lot of people have the attitude of if you don't have a job it is your own fault, if you are homeless it is your own fault, etc. Then there is a lack of compassion for those folks. We are ALL one diagnosis of cancer or serious illness away from those things. There but for the grace of God go I. Not to you, but be careful what you say!

[blowtorchwilke]

You must have missed the word "sarcasm" at the end of my frivolous post. The use of that word in quotes implied I was kidding about it "helping me" on my taxes. I meant as I (and all who actually pay our taxes) sent in some of my paycheck to Uncle Sam it felt BAD there there were so many rich folks and corporations out there NOT paying for our roads,police, and soldiers in the military,etc. (And by the way "individualism is what's wrong with America"? Really? Maybe read some Tom Paine)

[peaceispatriotic7]

Your "individualism" attitude is EXACTLY what is wrong with America today. You say in so many words, "If we go after these tax evaders, how will that benefit ME? Unreal.

[Silberdachs]

What reason is there, other than for deliberate tax evasion, do these companies have so many business subsidiaries in these tax havens?

This is serious scandal.

The CEO's and CFO's of these swindler companies should be named and shamed. Greedy cheating criminal scumbags, every single last one of them..

[blowtorchwilke]

"100 Billion owed in taxes"?!? Getting even SOME of that back would help the economy. And knowing those patriotic tax cheats are out there will really help me as I file and send in on April 15. (sarcasm)

[1945GG]

Money laundering?

[moreaudan]

Govts = Protection racket with a monopoly on force