Our Moneyed Overlords

by digby

From Bold Progressives:

This is simply unacceptable -- are we going to do something about it? From Bloomberg News:
Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007.

The company’s effective income tax rate dropped to 1 percent from 34.1 percent [last year]...The firm reported a $2.3 billion profit for the year ...[and] lowered its rate with more tax credits as a percentage of earnings and because of “changes in geographic earnings mix,” the company said.

U.S. Representative Lloyd Doggett, [said], “With the right hand out begging for bailout money, the left is hiding it offshore.” [Bold added]
Can you contact Goldman Sachs today? Tell them they should pay their taxes or go to jail--it's that simple.


Jesus H. Christ. Can't they even pretend to be decent corporate citizens?

Go here. You'll find all the info you need to tell Goldman Sachs what you think of them.


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