The secret
tax dodging strategies of the global elite in China, Russia, Brazil,
the U.K., and beyond were exposed in speculator fashion by the recent
Panama Papers investigation, fueling a worldwide demand for a
crackdown on tax avoidance.
But there is
little appetite in Congress for taking on powerful tax dodgers in the
U.S., where the practice has become commonplace.
A request
for comment about the Panama Papers to the two congressional
committees charged with tax policy — House Ways and Means and the
Senate Finance Committee — was ignored.
The
reluctance by congressional leaders to tackle tax dodging is nothing
new, especially given that some of the largest companies paying
little to no federal taxes are among the biggest campaign
contributors in the country. But there’s another reason to remain
skeptical that Congress will move aggressively on tax avoidance:
Former tax lobbyists now run the tax-writing committees.
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