To: The California State House
California: Reject a $246 million tax heist
California could save $246 million by closing a loophole which allows companies to dodge taxes with offshore tax havens.
Just about anything would be a better use of $246 million than letting huge, multinational corporations hide profits in tax shelters like the Cayman Islands.
Please take immediate action to close these loopholes.
Just about anything would be a better use of $246 million than letting huge, multinational corporations hide profits in tax shelters like the Cayman Islands.
Please take immediate action to close these loopholes.
Why is this important?
Where is California going to find the money to expand preschool, fund public transportation or protect our environment? Well, we can start by looking at the Cayman Islands.
Corporations dodge taxes by booking profits made here to offshore tax havens that levy little to no tax.
It’s about time that these corporations start living by the same rules as the rest of us. It’s time to close these loopholes and invest in an economy that works for everyone. And the best part is, we don’t need to wait for Congress -- but we need California legislators to act.
Montana and Oregon have already passed laws recoup money stashed in offshore tax havens -- with broad bipartisan support. If we enacted the same policy here in California, it would generate $246 million dollars.
Our legislators have so far failed to advance this measure in California. Help us show them it's time to close this loophole and make taxes more fair.
Corporations dodge taxes by booking profits made here to offshore tax havens that levy little to no tax.
It’s about time that these corporations start living by the same rules as the rest of us. It’s time to close these loopholes and invest in an economy that works for everyone. And the best part is, we don’t need to wait for Congress -- but we need California legislators to act.
Montana and Oregon have already passed laws recoup money stashed in offshore tax havens -- with broad bipartisan support. If we enacted the same policy here in California, it would generate $246 million dollars.
Our legislators have so far failed to advance this measure in California. Help us show them it's time to close this loophole and make taxes more fair.