Revenue Potential: $37-100 billion per year.
Aggressive corporate and individual tax dodging deprives our nation of revenue needed to maintain and modernize the infrastructure and services underpinning a strong economy. Responsible businesses and banks are hurt when other firms use tax havens to avoid paying their fair share of taxes. In using tax havens, companies like General Electric and Citigroup, for example, shift their responsibility for taxes to the local appliance store or community bank.
Our current campaign amplifies the voices of business leaders and owners who call on the President and Congress to end tax dodging and support a level playing field for business by enacting strong legislation to stop tax haven abuses.
Business people and investors have a crucial voice in this debate. Right now, Washington is hearing mostly from business lobbyists opposed to strong legislation to stop tax haven abuse. In the months ahead, we will amplify the voices of business people and investors asking the President and Congress to strengthen our economy by enacting tough legislation to end tax haven abuse.
Business and Investors Against Tax Haven Abuse was launched in December 2009 to support legislation ending tax avoidance and evasion through offshore tax havens. The petition is cosponsored by Business for Shared Prosperity, Wealth for the Common Good, American Sustainable Business Council and Growth & Justice.
To learn more about the campaign or join our efforts, please visit www.businessagainsttaxhavens.org or contact Bob Keener at bob@wealthforcommongood.org.
We, the undersigned business owners, executives and investors, call on the President and Congress to end tax dodging and support a level playing field for business by enacting strong legislation to stop tax haven abuses. Offshore tax havens reward tax evaders, rob public coffers of needed revenue and offload taxes to responsible businesses and households.
Visit our campaign website for additional resources.