Jun 5, 2003

HALLIBURTON SET UP CAYMAN TAX HAVEN DURING CHENEY TENURE
Why should a tax evading corporation be the beneficiary of open ended no bid contracts worth millions?
Because they have friends in high places right

Cheney has lauded the White House's commitment to "more accountability for corporate officials." But what kind of accountability can we expect when corporations are not only allowed to walk away with little more than a slap on the wrist for defrauding taxpayers but continue to be richly rewarded with government contracts?
Congress is currently considering legislation that will bar the Pentagon and the new Homeland Security Department from doing business with companies that have set up offshore tax-cheat havens since January. Which means that all the corporations that had the foresight to profit early from their disloyalty, depriving the government of $70 billion a year, are A-okay. If something is so wrong on Jan. 1, what made it right on Dec. 31?

We should bar the government from signing contracts with any corporation that has moved offshore to avoid paying U.S. taxes. Period. And we should go further and not enter into any contracts with any company that has been fined for ripping off taxpayers. As the president said last year, you're either with us, or you're against us.



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