Dear Commons Community,
As many individuals prepare to submit their tax returns tomorrow (IRS extended the filing deadline this year from April 15th to April 18th), Alternet and MSNBC have posted “top ten” lists of corporate tax dodgers. There are actually eleven in the list below because GE earns a special spot by virtue of the fact that it pays no taxes.
- News Corp. (FoxNews, Bill O’Reilly, Sean Hannity, Rupert Murdoch and Company)
- Altria (Philip Morris)
- Morgan Stanley
God Bless These Companies and God Bless America!
I did not mean “evaders” in the legal sense but I understand your issue so I have changed the wording to “dodgers” since that is the word that MSNBC used and which was the source of my reference.
Your use of the word “evaders” implies that there is illegality. These corporations employ legions of expensive accountants and tax attorneys in order to pay the minimum amount of taxes by using the loopholes that the politicians (of both parties) that are in bed with the monied interests of this country give to them. Perhaps a more accurate term to use would have been “avoiders.”
Your use of the word “evaders” implies that these corporations are engaging in illegal activities. In fact, they employ legions of high-priced attorneys and tax accountants, and are no doubt making the best use of the fully legal loopholes that are granted to them by the politicians (of both parties) who are in bed with the monied interests of this great land of ours. Wouldn’t a more accurate word to use have been “avoiders?”
You are probably also opening CUNY up to a lawsuit by making such accusations.
Tax evasion is a crime and those who engage in it should be prosecuted. Tax avoidance is not illegal. Perhaps it is the tax laws that should be changed so that corporations with large profits will be compelled to pay more in taxes.