Tuesday, May 31, 2011
"Corporate Citizens"
This is a letter to the editor printed in today's (5/31/2011) Miami Herald. I agree with it.
"The Government Accountability Office said that 72 percent of all foreign corporations and about 57 percent of all U. S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.
Maybe it is time for a corporate Alternative Minimum Tax. If it's OK for citizens - and corporations are now citizens - why not?"
E.T. Shafer, Islamorada
"The Government Accountability Office said that 72 percent of all foreign corporations and about 57 percent of all U. S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.
Maybe it is time for a corporate Alternative Minimum Tax. If it's OK for citizens - and corporations are now citizens - why not?"
E.T. Shafer, Islamorada
