On the morning of Wednesday, April 13, 2011, a group of cyber-activists from US Uncut working in collaboration with the Yes Lab sent out the following press release (yeslab.org GE Responds to Public Outcry - Will Donate Entire $3.2 Billion Tax Refund to Help Offset Cuts and Save American Jobs Fairfield, CT, 13th April, 2011 - GE CEO Jeffrey Immelt has informed the Obama administration that the company will be gifting its entire 2010 tax refund, worth $3.2 Billion, to the US Treasury on April 18, Tax Day, and will furthermore adopt a host of new policies that secure its position as a leader in corporate social responsibility. "We want the public to know that we've heard them, and that we know many Americans are going through tough times," said GE CEO Jeffrey Immelt. "GE will therefore give our 2010 tax refund back to the public and allow the public to decide how to spend it." Immelt acknowledged no wrongdoing
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Congressman Lloyd Doggett, a senior member of the House Ways and Means Committee, today questioned US Treasury officials and tax law experts about banking secrecy practices that allow wealthy Americans to conceal more than $1.5 trillion in offshore tax havens, costing taxpayers up to $50 billion a year in lost revenue. Rep. Doggett also revealed the number of tax shelters being used by corporations receiving money under the Troubled Assets Relief Program.
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Rep. Doggett: $1.5 trillion in offshore tax havens - Video
Further disclosures which been revealed inAmerican and British media reports on the massive Carroll Foundation Charitable Trust and parallel Carroll Maryland Trust national security cases are understood to have galvanized well seasoned Washington political observers who have recently remarked that this combined case is now regarded in Washington as an important show of strength to the nation at a critical point in the Obama administration's term in office. Sources have revealed that the recent upheaval in the US Congress surrounding the ballooning deficit and the clear lack of transparency at the Federal Reserve is thought to be closely linked to the continuing use of tax havens and revenue evasion which is contributing to the constant drain on the economy and the cohesion of society. The US Treasury department responsible for the nations financial well being is understood to be also taking a close interest in the Carroll Trust affair following recent announcements by close aides to President Obama concerning the new pivotal offshore tax evasion and banking legislation which is thought in Washington to be a critical further lever of strategic control for the US Marshals Service Department of Justice and the FBI in the concrete fight back against white collar organized crime tax fraud and terror funding related activities which have seriously undermined the much sought after economic recovery for America's main street who have suffered greatly at the hands of the financial ..
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Deficit Reduction Tax Havens Public Enemy No.1 US Capitol Hill Congress National Security - Video
The President offers proposals to curb tax havens and replace tax advantages for creating jobs overseas with incentives to create them here at home.
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President Obama: Shutting Down Tax Havens, Creating Jobs at Home - Video