Goshen News, Goshen, IN

Letters to the Editor

April 5, 2013

Corporations should pay their fair share

Big corporations work hard to avoid paying their fair share of taxes. The effect on the American people is higher taxes for the rest of us, fewer public investments, more debt, or some combination of the three.

Unlike an average worker or independent business, multinational firms can manipulate the reporting of their income in ways that slash or eliminate their tax bill. They can, for instance, funnel their domestic profits through a dummy subsidiary in a foreign country to make it look like money actually made from the hard work of U.S. employees and the hard-earned purchases of U.S. consumers were actually made in a low- or no-tax haven overseas.

The upshot is that American corporations in recent years have paid taxes at just one-third the official rate, and that some well-known giants like General Electric, Verizon and Bank of America some years pay nothing at all. Fairer taxes on our corporations should be the first place we seek revenue to reduce our national debt.

— Jeremy Bernstein

Goshen

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Letters to the Editor
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Poll

Goshen City Council member Dixie Robinson is asking residents to make an effort to clean up their yards this spring. The city’s Dial-A-Truck program is available to haul trash away. Do you think there are more unsightly properties in Goshen this year than five years ago?

Yes, I have noticed more problem properties
No, I have not noticed more problems
I think the problems are about the same as always
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