Why does the Obama administration talk about increasing taxes on the Rich and not do anything about big companies such as Google, Apple, GE, Microsoft that have Billions of Dollars parked offshore.
Remove all these tax loop holes such as Double Irish, Cayman, Bahamas, etc for US Companies.
Why do we have double standards with citizens and Companies. Every US Citizen and Green card holder pays taxes on all his income Worldwide, then why not the same for US companies.
These companies have Close to Trillion $ offhsore and pay net < 5-10% on their net Income. This is a shame!!! and the government should do something about it.
These companies are not doing R&D there, they are just fooling the system to not pay taxes.