Thursday, October 8, 2015

Corporations keep their money offshore, support the regime that concocted FATCA

We've heard this matter before, but this is probably the most devastating writeup of it yet. The page may switch to a noisy advertisement, but just right-click the back arrow to get back to it.

http://www.newsforage.com/2015/10/the-500-largest-american-companies-hold.html
The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds

The lengthy title nicely accents the grandiosity of the subject. FATCA is of course the fedgov's Marxist grab at money ameriKans sensibly want to stash offshore.

http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act

We've heard much about how corporations most be viewed as person in our Orwellian age, but note that they're barely mentioned in this article. It's reference to "United States persons (including those living outside the U.S.)" clearly refers to the individuals Washington hates for seeking serious self-preservation, whether expatriating or not. Communist Manifesto:

http://laissez-fairerepublic.com/tenplanks.html
4. Confiscation of the property of all emigrants and rebels

/\/.\/\/.

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