The Great Corporate Tax Shift
The $10 Trillion Heist
Rasmus, Jack
http://www.counterpunch.org/2013/11/20/the-great-corporate-tax-shift/
Date Written: 2013-11-20
Publisher: CounterPunch
Year Published: 2013
Resource Type: Article
Cx Number: CX15326
The great corporate myth-making machine has been hard at work of late, attempting to create the false impression that US corporations are increasingly uncompetitive with their foreign rivals due to the fact they allegedly pay higher corporate taxes.
Abstract:
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The great corporate myth-making machine has been hard at work of late, attempting to create the false impression that US corporations are increasingly uncompetitive with their foreign rivals due to the fact they pay much higher corporate taxes in the US and abroad than their capitalist counterparts. But that is one of the great myths perpetrated by corporate apologists, pundits and their politician friends. The myth is high in the pantheon of conscious falsifications their marketing machines feed the American public, right up there along with such other false notions that 'business tax cuts create jobs', 'free trade benefits everyone', 'income inequality is due to a worker's own low productivity contribution', 'overpaid public workers are the cause of states' budget deficits', or that 'social security and medicare are going broke'.
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