Traitor Rand Paul Congratulates Caterpillar For Illegally Avoiding Billions Of $$$ In Income Tax [View all]

[kpete]

Caterpillar, the big American maker of heavy construction and mining equipment, used a subsidiary in Switzerland to avoid paying $2.4 billion of income taxes over 13 years, according to a Senate investigative report released on Monday.

http://www.nytimes.com/2014/04/01/business/report-says-caterpillar-used-swiss-unit-to-pare-taxes.html?_r=1

Caterpillar got support from Sen. Rand Paul, R-Ky., who questioned why the subcommittee was even holding the hearing.

“I think rather than having an inquisition, we should probably bring Caterpillar here and give them an award,” Paul said. “You know, they’ve been in business for over 100 years. It’s not easy to stay in business.”

Paul said Caterpillar and its accountants have an obligation to shareholders to minimize their taxes. “It is a requirement that you try to minimize your costs. So rather than chastising Caterpillar we should be complimenting them,” Paul said.

http://www.msnbc.com/rachel-maddow-show/tax-avoidance-brazen-scale#break