13 Mind-Blowing Facts About America's Tax-Dodging Corporations
Over at AlterNet, Richard Eskow has a great article highlighting hard-to-believe facts about American corporate tax dodging that will probably make you angry. For instance, did you know that corporate tax rates are at a 60-year low at the same time that corporate profits are at a 60-year high? Or, that as part of the extreme lengths companies go through to avoid paying taxes in the United States, one building in the Cayman Islands is the officially registered headquarters for nearly 19,000 corporations?
According to the U.S. Government Accountability Office , a five-story building called "Ugland House" is home to nearly 20,000 corporations. That's impressive, especially for such a small edifice....
While impressive, Ugland House's distinction pales in comparison with 1209 North Orange St. in Wilmington, Del. According to one investigation, that address is home to 217,000 corporations .
Read the rest of the mind-blowing facts about tax-dodging corporations.


