By Sahil Kapur
Friday, February 25th, 2011
WASHINGTON – Corporate tax evasion has evolved into a virtual art form. Two-thirds of US corporations didn’t pay so much as a dime in taxes between 1998 and 2005, exploiting a multitude of loopholes, according to a Congressional report.
Targeting corporations who evade taxes turned out to be quite the anti-austerity rallying cry in England, where a new prime minister is pushing painful cuts for working people.
Now, that same rallying cry is going out across the United States, where the anti-spending tea party movement has in recent years overshadowed the voices of those who want government to be more active on behalf of the middle class.
A new non-partisan group called US Uncut — named after UK Uncut — aims in part to challenge the tea party’s push for lower corporate taxes. They instead want Congress stop letting wealthy corporations dodge their taxes.
“This is an issue that has been ignored for way too long,” Carl Gibson, a US Uncut spokesman, told Raw Story. “Congress has been chipping away and chipping away at corporate responsibility to pay taxes.”
“And now it’s gotten to the point where the middle class is being sacrificed on the altar of deficit reduction, while big corporations are getting away with not paying any taxes at all.”