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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStuff it BOA!
http://www.webaction.org/site/R?i=j--MYdWkT9s-lzJ-W_0WGQI want you to picture a tiny P.O. Box in the Cayman Islands. Now imagine that this P.O. Box is actually a bank in fact it's one of the "subsidiaries" where Bank of America stashes away more than $17 billion in profits to dodge its taxes.
You'd think Bank of America's Cayman Islands headquarters would be a big flashy building, full of busy and serious employees, like so many banks in Phoenix, Tucson and around our state.
But we know better their offshore branch is just a mailbox set up by a clever accountant and with your help, we're going to have some fun by calling them out.
Help us stuff Bank of America's Cayman Islands mailbox with postcards.
For a $10 contribution to our campaign, we'll print, sign and send your postcard to let them know that you're fed up with picking up the tab for tax dodgers.
This is the same big bank that gladly took a taxpayer bailout during the financial crisis. Yet it avoids a $4.5 billion tax bill each year through tax havens.
Altogether, offshore tax havens cost $150 billion every year forcing the rest of us to pick up the tab with higher taxes, cuts to public programs, or more debt. On average, each Arizona taxpayer pays $803 extra to cover the tax haven tax dodge. [1]
And when big corporations play by their own rules, they put other businesses at a disadvantage by profiting handsomely from our educated workforce, infrastructure and national security without paying their share in taxes for these public services.
It's perfectly legal, but it sure isn't right.
In fact most Americans support shutting down tax havens, and we have a plan to build on the emerging bipartisan support in Congress to outlaw these tax loopholes once and for all.
That plan begins by putting Bank of America and other corporate tax dodgers on notice that we know about the tiny mailboxes that are costing the rest of us a fortune.
Send a postcard to Bank of America's Cayman Islands mailbox and let them know: We're tired of their tax dodging, and we're not going to stand for it any longer.
Thanks for your support,
Serena Unrein
Arizona PIRG Public Interest Advocate
[1] Picking Up The Tab: Average Citizens and Small Businesses Pay the Price for Offshore Tax Havens, Arizona PIRG, April 4, 2013.
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Stuff it BOA! (Original Post)
lonestarnot
Apr 2013
OP
lonestarnot
(77,097 posts)1. kick
KentuckyWoman
(6,679 posts)2. 10 Bucks?
I'd gladly send the Arizona PIRG Public Interest Advocate $1000 to help put a billboard in my neighborhood with BOA's Cayman Island PO Box address on it.
For a post card, I can send 10 of them myself for the 10 Bucks and know for sure it got sent.
Recommended - it's a great idea.
lonestarnot
(77,097 posts)3. So contact them with your offer.