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DO YOU PAY FEDERAL TAXES?

If so you should be outraged by this.

We are, the richest country in the world, and yet a country where the Federal Government has the temerity to tax unemployment benefits. Now, a few days ago, it suddenly comes to the attention of our legislators that the winner of a 10 billion-dollar contract awarded by the Office Of Homeland Security, is based offshore, so as to avoid Federal tax.

What the hell happened? Did someone finally notice the address on their letterhead? Or, have they been using a ten-dollar per month mailbox at MailBoxes etc to conceal their location?

The company is Accenture, and they are/were to provide extensive security services by tracking foreigners at our Nation's airports, and other ports of entry.

Accenture used to be part of Arthur Andersen, Enron's book cooker. They split off in 2001, but apparently not before they picked up a few accounting tricks of their own.

Now, defenders of the company basically say that it's not their fault if the tax laws have loopholes that are favorable to Corporate America. They also remind us that the firm employees about 25,000 Americans. Woop-dee-doo!

Someone should remind their executives that someone has to do the work while company executives sit on the beach in Bermuda, which is where the company is based.

I wonder if the legions of unemployed Americans can obtain a Bermuda address so their unemployment benefits escape Federal taxes?

The answer is clear. The tax laws need serious revisions. I say take out the double-talk and make it clear that regardless of where a Corporation calls home it will pay full taxes.

Just think, that will require the rental or construction of office buildings in America, which is good for Joe and Jane Nobody.

Write to your Congresspersons and Senators and urge them to bring about this much needed correction to our tax code.


posted by Jim Ippolito on 6/15/2004 12:07:00 PM