October 27, 2016
The government looses $100 billion a year in tax revenue due to offshore tax dodging by multinational corporations. Therefore, I strongly urge the SEC to include in your proposed rule (S7-15-16) a requirement that U.S. corporations publicly disclose on an annual country-by-country basis their activities in foreign countries. They should be required to publicly disclose their foreign revenues, profit or loss before taxes, income tax paid, effective tax rate, accumulated profits, and number of employees, and the aggregate amount they would owe in U.S. taxes if their offshore profits were to be repatriated to America.
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