In the News

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The Hill: Paul Egerman, Proud to invest in America

I love America, and have proudly invested in America. I have invested by building successful businesses employing thousands of American workers. And I have invested in our country by paying taxes.



But our nation loses $100 billion a year to tax dodging by some of our largest corporations and wealthiest people. That’s a trillion dollar hole in our national treasury over the next decade unless we act now to plug it.

Op-Ed: Sklar & Klinger, Real Patriots Pay Taxes

By Scott Klinger and Holly Sklar
Op-Ed Syndicated by the American Forum, June 30, 2011

BNET: Consumer Protection Bureau

By Mark Henricks
BNET, July 29, 2011

A Small Business Friend or Foe?

Most business owners would agree that business is already subject to an adequate amount of government regulation. Except, that is, when the topic is regulating financial institutions. In a January 2010 survey of 1,237 small business owners in 13 states, the Main Street Alliance found 67 percent of respondents liked the idea of a consumer financial protection agency, and only 12 percent opposed.

BuzzFlash: GOP in DC Kills Jobs and Helps Squash Small Businesses

By Mark Karlin, Editor of BuzzFlash at TruthOut
BuzzFlash, July 29, 2011 

John Boehner's alleged American/global corporation "job creators" are actually job killers in the United States.

Huffington Post: Small Businesses Demand Debt Deal Address Corporate Tax Dodging

By Zach Carter
Huffington Post: July 27, 2011

WASHINGTON -- As political leaders push to reduce the nation's deficit with dramatic spending cuts, small business owners are asking Washington to lower the deficit by closing offshore tax loopholes, which cost the United States as much as $100 billion a year.

CFO World: Is the CFPB Choice in 'Jeopardy'?

By Karen M. Kroll 
IDG News Service, CFO World, July 26, 2011

Columbia Star: Frank Knapp, SC Small Business Chamber joins Sen. Levin For Stop Tax Haven Abuse Act

By South Carolina Small Business Chamber of Commerce
Columbia Star (SC), 7/15/11

On July 12, Frank Knapp of the SC Small Business Chamber of Commerce joined Senator Carl Levin in a Washington, DC, press conference to announce the introduction of the Stop Tax Haven Abuse Act. Below are Mr. Knapp’s comments that he made today to the national media.

Business Day: Business leaders look forward to the “Stop Tax Haven Abuse Act”

Business Day (International), July 14, 2011

The bill sponsored by Senator Carl Levin, and takes an aim at offshore tax haven abuses which according to reports cost approximately $100 billion in lost tax revenue each year. it is co-sponsored by a couple of other Senators and the Whitehouse, and supported by business leaders and public interest groups including Global Financial Integrity.

Cascade Business News: Small Business Leaders Say Offshore Tax Havens Draining Revenues, Investment, Jobs

Cascade Business News (OR), July 14, 2011

Washington DC, July 13, 2011 – Small Business leaders applaud new legislation to stop tax haven abuse by U.S. multinationals that will cost at least a trillion dollars in lost tax revenue over the next decade. 

Accounting Today: Senators Introduce Bill to Stop Offshore Tax Havens

By Michael Cohn
Accounting Today, July 13, 2011 

Sen. Carl Levin, D-Mich., and several other senators have introduced a bill to close offshore tax loopholes and strengthen offshore tax enforcement.

International Tax Review: Senate Bill cracks down on offshore underreporting

International Tax Review, 12 July 2011

Michigan Democratic Senator Carl Levin at a July 12 press conference presented a revised version of his 2009 Stop Tax Haven Abuse Act. The Bill would close loopholes connected with offshore credit-default swaps and foreign subsidiary deposits and would require firms to do country-by-country reporting.

New York Times: This Week in Small Business: Fat, Flat and Falling

By Gene Marks
New York Times, July 11, 2011

Excerpt:

Red Tape Update: I Demand That You Audit Me

The Hill: Frank Knapp, A Charlie Brown Congress?

Op-Ed By Frank Knapp Jr.
The Hill, June 29, 2011
http://thehill.com/blogs/congress-blog/economy-a-budget/169051-a-charlie...

Lucy is at it again. “I’ll hold the ball, and you come running and kick it,” Lucy tells Charlie Brown.

We all know what to expect. Charlie Brown will run to kick the football and Lucy will pull it away...again. Charlie will fall flat on his back.

MSN Money: Should companies get a tax holiday?

By Kim Peterson
MSN Money, June 16, 2011

With an unemployment rate still above 9%, there is a growing call from corporations for a tax holiday on money parked overseas.

Daily Finance: US business groups oppose tax break

By Martin Cloake
Daily Finance, June 15, 2011

The voice of Main Street is being raised in the US to oppose lobbying by multinationals aimed at securing a tax holiday in return for the repatriation of assets. The small business coalition Business for Shared Prosperity says: "Don't let corporate tax dodgers dominate debate over corporate tax reform."