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Killarney Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-03 03:39 PM
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Has any candidate (loophole related)...
Has any candidate come right out and said that he/she will specifically close the Bermuda loophole (Bermuda Clause)?

TIA. :)
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JohnKleeb Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-03 03:41 PM
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1. ze what?
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Killarney Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-03 03:47 PM
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3. The Bermuda Loophole
Is a loophole where a US company gets a Bermuda postal address and avoids paying U.S. taxes.

If the loophole was closed it would bring in over $4.7 billion per year in taxes from the businesses that are scamming us out of tax money now.

Bush won't close the loophole.

I'm wondering if any of the candidates has specifically said that he would. I know that all politicians say they will close loopholes, but I want someone that says he will close this one. :)
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Paulie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-03 03:45 PM
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2. Yes: Kucinich
Corporations should be compelled to pay a fair share of taxes. If corporations shift profits offshore to avoid paying taxes, they should not be permitted to operate in the United States.

See: http://www.kucinich.us/issues/corporations.php
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