The offshore tax shelters multinationals (also known as CFC's) are the real colonial powers behind all governments in Puerto Rico. They benefit by Puerto Rico remaining a territory of the United States and not as a State of the Union.
With the help of local political leaders, (Including statehood leaders with hefty campaign war chests) and others, the CFC's representatives have obtained, through expensive, extensive, aggressive lobbying, an IRS Code that defines Puerto Rico,USA as a foreign country for the purpose of using it as a tax shelter. Official studies have shown that these tax benefits to CFC'c have not benefited Puerto Rico's economy. Our unemployment and per-capita is still at poverty level.
So for the (US)IRS, the 4.2 million US Citizens living in Puerto Rico are living in a foreign country.To protect this US "offshore" tax haven, the CFC's have strong vested interests in the results of our electoral processes. That is my main problem with the CFC's.
My message to the CFC's is: "I will not let go until you take me seriously. Let's sit down and talk. I will suggest a proposal you cannot refuse. No threats, but just so you know, with God's help, I am healthy and ready for another 20 years of this battle to resolve Puerto Rico's status and you are the biggest part of the problem.
MJ
Feb 9, 2011
Companies that pay a lower tax rate than you
The United States has the highest corporate tax rate in the industrialized world but few companies pay the full rate. Some pay barely any taxes on billions in income.
Tricks of the trade
Companies that use offshore headquarters to lower their tax bills are a top target for tax reform advocates, according to Anne Mathias, MF Global's director of research who did the analysis. For example, Transocean (RIG), the oil drilling company involved in the Gulf of Mexico oil spill last year, paid only 14% of its income in taxes.
Feb 9, 2011
Companies that pay a lower tax rate than you
Tricks of the trade
Companies that use offshore headquarters to lower their tax bills are a top target for tax reform advocates, according to Anne Mathias, MF Global's director of research who did the analysis. For example, Transocean (RIG), the oil drilling company involved in the Gulf of Mexico oil spill last year, paid only 14% of its income in taxes.
Hoy miercoles, 7 de febrero del 2011; atraves de Radio Isla 13.20 en el programa radial AL GRANO. Se entrevisto al Vice Presidente de la Asociacion de Industriales; William Riefkohl y este indico que las corporaciones foraneas esten esperando por una apleacion que hicieron antes el IRS; para NO pagar nada - debido al impuesto del 4% que Puerto Rico les ha impuesto. La Associacion de Industriales NO considera que la jurisdiccion local (Puerto Rico) tiene el poder de imponerles impuestos; ya que son entidades foraneas de parte de un gobiernobajo las jurisdiccion federal.
ReplyDeleteI invite EVERYONE that understands that these CFC's are and constitute a "DISCRIMINATIVE POLICY", to take this case on Court, as a Class Action Case. Let's give them the FIGHT BACK SERIOUSLY.........Let.s email the federal General Attorney Office; US Department of Justice, State Department, and the White House!!!
ReplyDeleteThanks for posting this interesting and informative article. You do good research.
ReplyDeleteThank you for your comment. This is an important issue for us.
ReplyDeleteMiriam Ramirez MD