For over 30 years I have been lobbying Congress, as a grassroots leader and as a State Senator to make people aware of this offshore tax evasion scheme. I have sent out letters; I created this blog, I joined various groups in the US against Corporate Welfare, and much more, all to call out to the US and the world, to end this scandalous tax evasion scheme which has hurt Puerto Rico and the United States tax payer for over 70 years.
They have been moving their US companies and US jobs to Third World Countries, where they pay low salaries to poor needy people while using offshore tax evasion schemes to scam the US Treasury.
It is the fundamental reason of why Puerto Rico's Status has not been resolved, to the detriment of the US Citizens of Puerto Rico, a United States Territory. These powerful economic establishments from the US and Puerto Rico, have used their economic and political power to get the IRS to classify and keep Puerto Rico as a foreign country for tax purposes.
As a result, this has kept the US Citizens in Puerto Rico from becoming a state and exercising the most basic right of democracy, which is Representation in Congress and voting for the President of the US.
Miriam Ramirez MD
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In this week’s address, the President continued his call for our nation to rally around an economic patriotism that says rather than protecting wasteful tax loopholes for a few at the top, we should be investing in things like education and job training that grow the economy for everybody.
The President highlighted the need to close one of the most unfair tax loopholes that allows companies to avoid paying taxes here at home by shifting their residence for tax purposes out of the country. The President has put forth a budget that does just that, and he has called for business tax reform that makes investment in the United States attractive, and creates incentives for companies to invest and create jobs here at home. And while he will continue to make the case for tax reform, the President is calling on Congress to take action and close this loophole now.
The President highlighted the need to close one of the most unfair tax loopholes that allows companies to avoid paying taxes here at home by shifting their residence for tax purposes out of the country. The President has put forth a budget that does just that, and he has called for business tax reform that makes investment in the United States attractive, and creates incentives for companies to invest and create jobs here at home. And while he will continue to make the case for tax reform, the President is calling on Congress to take action and close this loophole now.
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