OPINION: When it comes to taxes, big corporations play by different rules than the rest of us
By exploiting tax loopholes and using offshore tax havens, companies such as GE and Bank of America avoid paying as much as $100 billion a year on taxes. The corporations’ tax schemes are legal and that’s what makes it unjust. They’re playing by a different set of rules than us ordinary Michiganders.
As a student at the University of Michigan, tax dollars help pay for my education. Presumably, these corporations will want to hire well-educated university graduates like me and my peers. They benefit from this public money but don’t contribute to it.
Senator Levin’s Stop Tax Haven Abuse Act would close the worst of these loopholes. Corporate giants shouldn’t shift their tax burdens onto middle class Michiganders.