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BSP In the News
- CBS News: Many small business owners favor "Buffett rule"
2/8/12 - UPI: Poll: Corporations dodge taxes
2/6/12 - Huffington Post: Small Businesses Believe Wealthy And Big Corporations Not Paying Their Fair Share Of Taxes
2/6/12 - Inc.: Small Business: Tax System Favors Big Corporations & the Wealthy
2/6/12 - InvestorPlace: 10 Worst Countries for Tax Evasion
12/23/11 - New York Times: A Family’s Billions, Artfully Sheltered
11/27/11 - ArtVoice: The Real Looters
11/27/11 - Think Progress: Average Bush Tax Cut For 1% This Year Will Be Greater Than Average Income Of Other 99%
11/23/11 - Huffington Post: Superfail!
11/21/11 - Nationally syndicated Op-Ed: Holly Sklar, Repatriation Con Games
11/12/11 - Boston Business Journal: Small-business sympathies for the occupiers
11/11/11 - East Valley Tribune (AZ): Small business needs changes from Congress
11/10/11 - CNBC: Small Biz Owners Ask Big Business To Pay Fair Share
11/7/11 - Business News Daily: Many Large Corporations Avoid Paying US Income Tax
11/7/11 - Huffington Post: Small Business Owners Ask Super Committee To Tax Big Corporations
11/4/11 - Columbia Business Report: Small businesses want corporations to pay fair share of taxes
11/4/11 - Reuters: Thirty companies paid no U.S. income tax
11/3/11 - The Hill: Call for Corporate ‘Buffett Rule’
11/3/11 - McClatchy Tribune News: Holly Sklar, Repatriation Con Games
11/3/11 - The Hill: Lew Prince, Trickle down tax cuts: A broken record
10/27/11
Reuters: U.S. could lose $37 billion a year to tax havens
By Kim Dixon
Reuters, July 20, 2010
WASHINGTON (Reuters) – The U.S. government loses $37 billion per year in tax revenues because multinational corporations stash money in overseas tax havens, Democratic Senator Carl Levin and a group of small businesses said in a report on Tuesday.
Levin, who for years has pushed for a tough law to fight tax evasion among corporations, has enlisted some small businesses to back his so-far unsuccessful proposal to close loopholes letting companies legally avoid taxes by keeping income abroad.
“There are too many small businesses now paying more than their fair share,” Levin told reporters on a conference call. “It creates a very unfair competitive situation.”
Levin wants to attach some of his proposals to help fund a bill that sets up a $30 billion fund for small business. Levin has tried to attach his initiative to other bills in the past without success.
The coalition of small companies favors banning the use of overseas tax havens, which are generally unavailable to smaller firms.
“We pay our taxes and don’t run off to greener pastures,” said Frank Knapp, president of the South Carolina small business chamber of commerce.
The coalition says about several hundred businesses have signed onto a petition requesting action on legislation like that sponsored by Levin.
Policy changes sought include a ban on transferring intellectual property abroad to evade taxes, and repeal of a rule letting companies pay no U.S. taxes when 80 percent of their revenue is earned overseas.
(Additional reporting by Diane Bartz, editing by Gerald E. McCormick)
Copyright 2010 Reuters
