USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with http://www.usuncut.org/ and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.



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USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.



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Showing posts with label solutions. Show all posts
Showing posts with label solutions. Show all posts

Thursday, July 7, 2011

Equitable societies are better for everyone

http://www.gizmag.com/equitable-societies-are-better-for-everyone/11135/
Article Summary





Friday, April 15, 2011

~ The FAKE GE PR release from 13 April, 2011 ~

GE Responds to Public Outcry – Will Donate Entire $3.2 Billion Tax Refund to Help Offset Cuts and Save American Jobs
 
Fairfield, CT, 13th April, 2011GE CEO Jeffrey Immelt has informed the Obama administration that the company will be gifting its entire 2010 tax refund, worth $3.2 Billion, to the US Treasury on April 18, Tax Day, and will furthermore adopt a host of new policies that secure its position as a leader in corporate social responsibility.
“We want the public to know that we’ve heard them, and that we know many Americans are going through tough times,” said GE CEO Jeffrey Immelt. “GE will therefore give our 2010 tax refund back to the public and allow the public to decide how to spend it.”
Immelt acknowledged no wrongdoing. “All seven of our foreign tax havens are entirely legal,” Immelt noted. “But Americans have made it clear that they deplore laws that enable tax avoidance. While we owe it to our shareholders to use every legal loophole to maximize returns – we also owe something to the American people. We didn't write the laws that let us legally avoid paying taxes. Congress did. But we benefit from those laws, and now we'd like to share those benefits. We are proud to be giving something back to America, and we are proud to set an example for all industry to follow.”
Over the coming weeks, GE will conduct a nationwide survey to determine how the company's $3.2 billion returned refund is to be allocated. The survey will be conducted both online and offline, and will permit the public to weigh in on which of the recently-enacted budget cuts they would like to see reversed.
In tandem with the gift, the company is also announcing a host of new policies to restore public faith in the GE brand, including a commitment to keep American jobs in America, and to create one U.S. job for each new job created abroad. The ambitious plan will overhaul accounting systems to allow public transparency and phase out the use of tax havens in five years. “Given my recent appointment as President Obama’s Chairman of the Council on Jobs and Competitiveness, it is no longer appropriate for GE to engage in practices that, whether by fact or perception, are at odds with the greater good of the nation," Immelt said.
Immelt outlined several concrete steps he would take to push for modernized tax policies that reflect the realities of the global economy. "I will personally ask President Obama to work with Congress to require country-by-country reporting by multi-national corporations of the sales made, profits earned and taxes paid in every jurisdiction where an entity operates. Instead of moving money via “transfer pricing,” corporations ought to pay taxes in the jurisdictions where profits are actually made. If Congress is able to establish standard industry-wide solutions, GE will close our tax haven operations abroad, including our subsidiaries in Bermuda, Singapore and Luxembourg."

Further details on GE’s new policy will be released in the coming weeks.

About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

PRESS CONTACTS

Samuel Winnacker
GE Corporate, Assistant Director
Communications & Public Affairs 
+1 615 375 6658 
 

Wednesday, March 2, 2011

Solutions Dossier: What pundits are saying in the UK

http://www.guardian.co.uk/business/2011/mar/01/mervyn-king-blames-banks-cuts?CMP=twt_gu


The Lib Dems need to demand that banks pay UK profits at 28% corporation tax. No excuses. If they want any of this 28% back the banks must appear at a MP meeting in the house of commons and explain what tax loopholes they are using to avoid paying tax. Then those loopholes should be closed.
Barclays and other companies cannot be allowed to get away with paying 1-2% tax. If this tax was paid at 28% the cuts can be reduced.
Osborne should wipe the tax free credit built up by banks. Normally any losses they make can be used to reduce taxes paid on profits for up to 5 years. He promised he would do something before the election and he should make good on that promise.
Banks should be banned from doing any business with the UK government or any public sector body if they run any tax avoidance or evasion schemes and services.
Accounting firms should also be banned from all UK government and public sector contracts if they continue to offer tax avoidance schemes and services.
There needs to be a ban on uses foreign companies to buy UK homes to avoid UK stamp duty. These apartments are being bought by bankers with bonuses and even the sellers of the properties are advising how to avoid UK stamp duty.
UK banks should be forced to declare what interest rates they are borrowing at and why they have raised fixed mortgage and business lending rates so high. They should also be forced to explain why they need to charge anywhere from £500 to £2000 to sign someone up for any type of mortgage when the costs of administration are a fraction of this.
The Lib Dems also need to demand all tax avoidance and evasion and tax fraud is stopped with changes in the law and the budget and the tax authorities should not face any staff losses which will stop them stopping tax not being paid.
It is not just banks avoiding or evading tax. All business that does this needs to be stopped now to help reduce the cuts by stopping them not paying tax they should be.
The tories claim the UK is broke but they can afford trident and have suddenly found money for military intervention in Libya when even the Libyans want no troops from the UK or elsewhere.
The tens of billions in avoided and evaded tax must be collected now. If the Tories do not change the law they should pull out of power straight away.

Many will say the guardian avoids tax but this only shows that they know tax is not being paid everywhere. ukuncut and the guardian have good sections on tax not being paid that should be.