Sunday, February 24, 2008

How do they expect to do that?

h. Prohibit U.S. corporations from avoiding or evading payment of their taxes by banking abroad or locating their charters offshore.

This from the green party platform. What is the legal definition of a US corporation? It seems that unless they outlaw foreign ownership of us based assets (a remarkably foolish and probably illegal move) there is no way to prevent foreign corporations, substantial or mere holding corps, from offshoring ownership.

Sure looked good on paper. Keep on smokin', hippies.