if I am correct. then Walmart, and many other global corporations send their money to overseas concerns so they won't be taxed.
im thinking of the cayman islands, where many large corps, have set up accounts to avoid taxes.
can anyone explain to me why this is not illegal? I haven't heard of any politician in Washington explain this situation.
From what I understand, the corporations domicile themselves overseas. So the money they park in tax havens...is not American money to begin with. You think your dealing with "US Corporations", but they are not that. If it was a corporation domiciled in the United States, then parking money in a haven would be a different story.
What no one has mentioned [or is rarely mentioned], is what country these mega corporations are domiciled in, since they are no longer "American Companies".
