Obama Targets Overseas Tax Dodge - washingtonpost.com: "President Obama yesterday announced a major offensive against businesses and wealthy individuals who avoid U.S. taxes by parking cash overseas, a battle he said would be fought with new tax laws, new reporting requirements and an army of 800 new IRS agents..."
I'm sure this will set-off a flood of crocodile tears from certain quarters, but these places should have been shuttered before they ever opened. The middle class has been soaked from all directions on taxes and one of the major reasons is this disappearing income from the upper reaches. When I paying much more on my measly state salary than some millionaires (and billion dollar corporations), then something is wrong.
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