Thursday, January 28, 2016

OUR "CORPORATE CITIZENS" ARE, AGAIN, SHOWING THEIR TRUE STRIPES!

This is all so "Over the top."! Despite the U.S.Federal Government's rescue-and hundreds of millions of dollars $$$$$$$ in tax breaks, over the last several decades, Johnson Controls said on Monday: "We are renouncing our U.S. corporate citizenship by selling ourselves to Tyco International, based in Ireland."  This was done solely to reduce it's tax bill even further than it has been, dropping an additional $150,000,000 in taxes that it, otherwise, would have paid! If any individual tried this type of a tax evasion/scheme, they would go to jail for most of the rest of their lives!


http://www.nytimes.com/2016/01/26/business/dealbook/a-tidal-wave-of-corporate-migrants-seeking-tax-shelter.html?_r=0