(Puerto Rico is an American Tax Haven for Corporate Welfare. Their billions of dollars never reach the US Treasury. It is not in their best interest that Puerto Rico become a state of the Union. Some have said so publicly. )
MJ
Staff Writer
It’s Time To End Corporate Welfare
"Remember when the great budget balancer Ronald Reagan always pointed out the welfare queens driving away from the public welfare trough driving new Cadillacs? Perhaps now he would look at the General Electric Company that gave him his start in politics and point out that now all the welfare king-executives are driving Rolls-Royces, Bentleys, Ferraris, and Lamborghinis, some with $50,000 steering wheels.""Leona Helmsley Had It Right: “Only The Little People Pay Taxes”
Economist Geoffrey Colin Powell has described a tax haven as well as anybody: “A tax haven has a tax structure established deliberately to take advantage of, and exploit, a worldwide demand for opportunities to engage in tax avoidance.” There are about 72 recognized tax havens in the world and in 2008, 83 of our 100 largest publicly traded companies used most of them. These tax havens charge 0 taxes.
Economist Geoffrey Colin Powell has described a tax haven as well as anybody: “A tax haven has a tax structure established deliberately to take advantage of, and exploit, a worldwide demand for opportunities to engage in tax avoidance.” There are about 72 recognized tax havens in the world and in 2008, 83 of our 100 largest publicly traded companies used most of them. These tax havens charge 0 taxes.
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