| This weekà ‚¬ „ s Senate hearing into the way Caterpillar ducked billions of dollars in United States income taxes revealed more than the simple strategy involved." It simply took the name of the American parent off the invoices and put in the name of a Swiss subsidiary. The Internal Revenue Service did not challenge it, and Rand Paul offered an apology to Caterpillar for the existence of the hearing, but the GOP senators generally agreed that it was proper for a company to do everything it could to avoid paying taxes. None of them seemed interested in the question of who should pay taxes if the companies do not. Nor was there the slightest indication of agreement with Senator Levin that corporate citizens, like individual ones, had an obligation to help pay for their government. The preferred cure was to cut the corporate tax rate of 35 percent, though no multinational company pays this.. |
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