Friday, October 22, 2010

Defending Income

Bring that money back home!
Congress could declare all personal assets hidden in tax havens as de facto tax evasion. Forcing this money into the open and back onshore would generate tens of billions in tax revenues that would fall exclusively on the richest fraction of Americans. Meanwhile, Republicans would look foolish trying to argue that taxing funds already held offshore would hurt U.S. job creation.

No comments: