Poor FedEx, Amazon, Ikea, Pepsi, JP Morgan, Proctor and Gamble. They feel they pay too much in taxes. So they keep searching for ways around paying. Now, thanks to Luxembourg, they and other corporations have a new path to minimizing their taxes.
That bothers me on so many levels. The more people (yes, the courts have declared that a corporation is a person) who don’t pay their fair share of taxes, the more the rest of us have to pay if we want adequate basic services. It means that people in poverty have less chance at life-sustaining jobs, therefore slimmer chances of lifting themselves up into a better life. It means higher profits for corporations but not lower prices for us.
Get details about this new corporate tax break at the Sum of Us website.