Wednesday, October 05, 2011

Corporations that take tax holidays slash jobs - report

That's the subtitle of a document entitled "America loses," which IPS summarises neatly:
There is a dangerous myth at the center of the jobs debate that rages across our country: Corporate tax cuts create jobs.

With 25 million Americans looking for fulltime work, and nearly one in six
Americans relying on federal food assistance, some of America's most flush corporations are demanding a "one-time" corporate tax holiday on their more than $1.4 trillion in profits now sitting offshore.
The full report is here, and it contains, among many other things, this fine-grained detail (click to enlarge.)
Now read on.


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