Elizabeth Warren:Big corporations should pay more under tax reform, too many ways to avoid taxes

[cal04]

Forget “revenue neutral” corporate tax reform, says Sen. Elizabeth Warren. A rewrite of the tax code should mean big companies pay more to Uncle Sam.

Warren, a Massachusetts Democrat, laid out a few guiding principles on tax reform in a National Press Club speech on Wednesday. The senator, a favorite of progressives, kicked off by citing the buzz about a tax-code revamp on the 2016 campaign trail and in the halls of Congress.

But in contrast to Republican presidential front-runner Donald Trump and others who call for collecting as much money as the current tax system, Warren says a rewrite should bring in more.

“Our tax system has already been so corrupted by the tax dodgers that a revenue-neutral rewrite of our corporate tax laws leaves this country with too little money to operate basic services,” Warren said in prepared remarks, referring to corporations that avoid taxes through offshore tax havens, among other methods. She cited the lower effective tax rates on corporations thanks to credits and deductions, compared with the statutory rate of 35%.

http://www.marketwatch.com/story/elizabeth-warren-says-big-corporations-should-pay-more-under-tax-reform-2015-11-18

Warren: Large corporations have too many ways to avoid paying taxes
http://thehill.com/policy/finance/260619-warren-large-corporations-have-too-many-ways-to-avoid-paying-taxes

(snip)
“Only one problem with the over-taxation story: It’s not true,” Warren said at the National Press Club on Wednesday. “There is a problem with the corporate tax code, but that isn’t it.”

Warren laid out three principles for corporate tax reform: Permanently increase the share of long-term revenues paid by large corporations, level the playing field between small and big businesses, and promote investment in U.S. jobs.

“Our tax code should protect jobs and investments at home, period,” she said.

“The lobbyists have a pretty strong elevator pitch” that the U.S. needs lower corporate tax rates because the top rate of 35 percent rate is leading companies to flee the country, Warren said, noting that GOP presidential candidates such as Donald Trump, Ben Carson and Sen. Marco Rubio (R-Fla.) have made such comments.

[Hydra]

1. Large Corporations depend on gov't provided services in a large fashion

They need to pay into it proportionally. They always use the excuse that they are providing jobs, but really, they do as little as possible on that end as they can, so the gov't winds up covering for that too.

If they don't like it, they can leave- the demand will be filled by someone else who is willing to pay for what they use.