This comment was made by US Senator Orrin Hatch - the chair of the Senate finance committee - on 1 December when talking about the OECD Base Erosion and Profits Shifting process that is trying to crack down on international tax abuse:
At the same time, while international efforts to align tax systems are worth exploring, we shouldn't be negotiating agreements that undermine our own interests for the sake of some supposedly higher or nobler cause. The interests of the United States — our own economy, our own workers, and our own job creators — should be our sole focus.
No wonder there is tax abuse in the world. It is too often state sponsored, not least by the USA.
The winners are big business.
The losers are everyone else.
If tax justice is about anything it is about saying it need not be that way.
And it should not be that way. Because that's the path to the crisis that Jersey faces.
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After the Citizens United Supreme Court ruling, corporations in the US have more rights than people.
http://www.huffingtonpost.com/adam-winkler/corporations-are-people-a_b_5543833.html
And that gives them the right to contribute unlimited funds to politicians of all varieties.
Not so much beggar thy neighbour, more bugger thy neighbour.
The planet really cannot continue to tolerate the toxic mixture of ignorance, arrogance and general up your own backsideness which represents the default setting of so many in that corner of the world. We sink or swim together. Letting a minority drag everyone else down is no longer an option.
“our own economy, our own workers, and our own job creators — should be our sole focus”
If they were really concerned about that they wouldn’t have allowed the huge outsourcing of work and the collapse of American industries (a la Detroit)- amazing how these senators bang the ‘national interest’ drum whilst simultaneously backing globalisation and the resultant urban collapse.
Apple moved I phone manufacture ( I Pad?) to China to save $4 per item-superb sense of patriotism (salutes as the American Anthem booms out of nearby loudspeakers).
Wall Street controls Washington just like the city of London controls Westminster.
It may be still happening behind the scenes for some of the population but theincreasing number of victims of unregulated capitalism are starting to wake up even in the USA.
Professor Richard wolff’s website is a good example of how Americans are now seriously questioning their economic and political systems just as we are in the UK.
http://Www.rdwolff.com
he is quite a character-entertaining and informative, even if one doesn’t agree with all he says. Worth visiting.
‘Narrow minded’?
I know that you have nobly appealed for calm recently but the statement above from the senator is just a load of codswallop and Simon above is so right.
As one American wit said “They call it the ‘American dream’ because you have to be asleep to believe it”.