Democrats Take Aim at Tax-Averse Corporations
From Times Wire Reports
U.S. corporations shouldn’t be able to avoid paying U.S. taxes just because they buy mailboxes in other countries, a senior member of the House Ways and Means Committee said.
In the Democrats’ weekly radio address, Rep. Richard E. Neal (D-Mass.) used as an example a company whose jackhammers carved Mt. Rushmore.
The company paid $28,000 to rent a mailbox in Bermuda in order to avoid a $40-million tax bill, he said. He didn’t name the firm.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
