Feb 07 2012

90% of small US business owners hate multinational tax games

Posted by: Nick Shaxson in: Thoughts

Independent polling in the United States has an important new report out:

  • 92% of U.S. small business owners surveyed agree that U.S. multinational corporations’ use of accounting loopholes to shift their U.S. profits to their offshore subsidiaries to avoid taxes is a problem.
  • 81 percent of small business owners favor hedge fund managers paying taxes at the ordinary income tax rate, which currently tops out at 35 percent, rather than the 15 percent capital gains rate they pay now.

A most important piece of research. The summary is here; the full report is here. Hat tip: Nicole Tichon, this blog is copied from the Tax Justice Network blog, with permission.

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