Of the ten companies listed above, only Home Depot has not set up an offshore subsidiary to avoid paying its taxes.
They are truly in the minority. In all, 83
of the 100 biggest corporations in America have set up offshore tax
shelters, costing the rest of us as much as $100 billion a year!
President
Obama has proposed a budget that invests in many of America's
priorities, which includes education, health care, modern
infrastructure and middle-class tax relief. His budget will also close
the loopholes that allow corporations to set up offshore tax havens,
and now it’s in the hands of Congress.
Please sign our Tax Day Declaration telling Congress to close these loopholes.
TAX DAY DECLARATION
Dear Congress:
As
taxpayers, we foot the bill when large corporations skip out on their
taxes by setting up offshore havens in places like the Cayman Islands.
This tax day, we’re saying, “No more!”
The
president has proposed a budget that will close corporate tax havens.
The budget is now in your hands, and we call upon you to close these
offshore tax havens once and for all.
Did
you know that more than 80 percent of America's biggest banks and
corporations, including some of those we bailed out, don't pay their
taxes?
Instead, they park their money in offshore tax havens like
the Cayman Islands. As a result, the average Ohio household, a.k.a.
you and me, is paying $600 a year to cover for $100 billion they don't
pay.
Why should we have to pick up the tab for tax dodgers? Sign
our Tax Day Declaration and tell Congress to close the corporate tax
loopholes.
Safe Food, Healthy Kids
Stop our tax dollars from subsidizing the BP spill
BP announced $6.1 billion profits in April for
its first quarter -- double last year's number and roughly six times
the amount it has spent on the cleanup so far.
Over the next
ten years, the oil and gas industry will receive $40
billion in subsidies -- courtesy of the American taxpayer.
By improving
the American Jobs and Closing Tax Loopholes Act, Senate Majority Leader
Harry Reid can stop sending our tax dollars to subsidize Big Oil's
mistakes.
The Senate
votes this week, and we are working with our federation to gather
signatures from Americans across the country, demanding that Sen. Reid
hold BP accountable.
Sign the
petition below to make sure that BP is paying for spill clean up.