wnyc.org / 93.9fm / am 820

This is hypocritical. The USA has tax havens in Delaware and Nevada.

Current proposals focus on European tax havens. You can still hide your income or setup an offshore merchant account in Costa Rica.

http://offshoresecrets.com?a_aid=589

THE NET FEDERAL TAX GAP IS ESTIMATED AT 245 BILLIONS DOLLARS PER YEAR. This is about 1.7 Trillion dollars since 2001. I hope the administration's fical policies will empower the IRS so at least some of this money is recovered. 245 Billion dollars per year--it's not loose change. We need better tax compiance enforcement.

Maybe we can flush out accounts in a place like the Dominican Republic in exchange for asylum for some immigrants?? Regardless, companies known to be doing this should lose their US tax benefits.

It's not the taxes in Delaware, it's the usury laws. Banks there can charge any interest rate they want, nationwide.

This is really, really essential to the way lending practices changed in the last two decades. Lending went from a low-yield practice to a predatory industry. You should really explore that one; there has been a whole lot of writing on the subject recently.

What? The Barack Obama of what? ridiculous.

full explanation

http://www.organicconsumers.org/articles/article_3415.cfm

example:

(aig, bank of america)

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011602602.html

tax avoidance:
what do you think pwc, deloitte etc DO all day? Millions of americans are involved w this activity.

1 of the jobs of american firms offshoring their businesses is to LEGALLY avoid paying US taxes.