Pledging
These are the original issues in this subcategory
You May Pledge Your Support For This Issue With A Monetary
Donation And By Writing A Letter To Your Representatives
- REPATRIATED CORPORATE PROFITS
- OFFSHORE BANKS
- OVERSEAS HEADQUARTERS
At the end of 2020, our national debt was record-breaking $23.3 trillion, accompanied by a fast-growing federal budget deficit. Still, almost one-quarter of our largest corporations pay absolutely no federal income taxes at a time when corporate profits are at all-time highs. Many have shipped jobs overseas while hiding profits in offshore bank accounts to avoid paying the taxes they owe. Studies show that in 2016, 73% of our Fortune 500 companies used offshore tax havens to avoid paying their fair share of taxes. Nearly 9,000 corporations with billing addresses in the U.S. are registered at a single building in the Cayman Islands, some for decades. A new tax avoidance scheme called corporate tax inversion has recently evolved from this
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- I oppose reforming current overseas headquarters policy and wish to donate resources to the campaign committee of Leader Charles Schumer (NY).
- I support revising rules for the taxation of inverted corporations by providing that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014 shall be treated as an inverted corporation and thus subject to U.S. taxation after such an acquisition if: 1.) It holds more than 50% of the stock of the new entity. 2.) The management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities. And wish to donate resources to the campaign committee of Sen. Richard Durbin (IL), and/or to an advocate group currently working with this issue.
- I support revising rules for the taxation of inverted corporations by providing that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014 shall be treated as an inverted corporation and thus subject to U.S. taxation after such an acquisition if:
1.) It holds more than 50% of the stock of the new entity.
2.) The management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.
And wish to donate resources to the campaign committee of Sen. Richard Durbin (IL), and/or to an advocate group currently working with this issue.
Donation And By Writing A Letter To Your Representatives
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Pledge Period - Opening Date
April 19, 2021
Pledge Period - Closing Date
April 25, 2021
Trustee Election - Begins
April 26, 2021
Suggest a worthy trustee for consideration before Day 16 of this presentation cycle. (Maximum 60 Characters)