Princeton, NJ
Informing and Connecting Engaged Citizens
February 25, 2015
Goldman Sachs Targeted for Not Paying Fair Share of Taxes
Tax reformers on Capitol Hill have had financial institutions such as Goldman squarely in their sights for higher taxes. Rep. Chris Van Hollen’s proposed financial transaction tax seeks to reduce the volume of financial speculation. And President Obama recently announced a plan to tax liabilities of “too big to fail” banks. While these proposals have merit, there are more straight-forward ways to ensure financial institutions are paying their fair share: close egregious loopholes, including the stock options break, that allow banks and other corporations to whittle away their federal tax bill.
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