Aletho News


LA protesters rally against tax dodgers

Press TV – January 26, 2012

Hundreds of protesters in Los Angeles have taken out to the streets of Hollywood to rally against loopholes in legislation on corporate tax in the United States, Press TV reports.

The protesters, including unemployed workers, members of labor unions and “Occupy LA” activists, staged the rally to show their anger at a recent report showing that 249 of the country’s largest and most profitable corporations paid less than the US corporate tax rate.

The protesters said local communities are unable to afford vital public services such as health care and services provided by police officers, fire fighters due to the failure of these rich corporations to pay their fair share of taxes.

Demonstrators occupied one of Hollywood’s busiest intersections, forcing police to order them to disperse. Protesters say the display was necessary to make sure people understand what is going on in the US.

Jacob Hay, one of the organizers of the rally, told Press TV that the protest is targeting companies such as shipping giant FedEx, which he says is one of the largest corporate tax dodgers in America.

“Over the last few years they paid less than one percent in federal taxes despite earning 5.2 billion (dollars),” Hay said.

Between 2008 and 2010, FedEx spent USD 46,000 a day lobbying in the Congress, which is about USD 14 million more than it paid in taxes, Hay added.

Protesters say FedEx is just one of the hundreds of corporations that are taking advantage of Americans.

A recent study, conducted by Citizens for Tax Justice and the Institute on Taxation and Economic Policy, shows that 30 US companies are paying no federal taxes at all.

January 26, 2012 - Posted by | Corruption, Solidarity and Activism | , , , , ,

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