Tag Archive for overseas

AT&T Takes Money, Fires People

August 10, 2018 Comments Off on AT&T Takes Money, Fires People
[From Support the Fight for Good Jobs at AT&T]

AT&T CEO Randall Stephenson made a promise to invest in his workforce and create at least 7,000 jobs if the tax bill passed.

Well, the bill did pass, and AT&T received a $20 billion windfall. But instead of creating jobs, AT&T has laid off over a thousand workers across the country in the past few months. And the company keeps sending work to low-wage and overseas contractors, devastating families and communities across America.

AT&T workers are fighting back. CWA members at AT&T Midwest and AT&T’s national Legacy T division are fighting for fair union contracts and have voted to strike if necessary to secure a deal that guarantees good jobs, affordable healthcare, and a secure retirement.

Send AT&T CEO Randall Stephenson this message : “I support good jobs and a fair union contract for working people at AT&T.” Sign the petition HERE.

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Let’s Bank that $260 Billion!

May 28, 2013 Comments Off on Let’s Bank that $260 Billion!

 

An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world’s Ultra High Net Worth Individuals, that’s $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.*

With that $260 billion a year, we could work toward balanced budgets while still funding programs that protect our poor and vulnerable citizens.  If it’s taxable income, why isn’t it going into our federal bank account?

 

*Paul Buchheit, in Common Dreams

 

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