Caterpillar Hiding Profits......

Caterpillar hiding profits in Switzerland to avoid paying US taxes. They don’t feel it is their responsibility to pay into the US tax system. They are a “Global” company.

Yet (in 2009) there Caterpillar was (front and center) to receive their share of Obamas $787 Billion dollar stimulus. They were happy to tell everyone all about how Red White and Blue they were back then.

Yes when the free money is being piled on the table they are happy to pledge allegiance. God Bless America……..

But when it comes to paying their fair share suddenly they not interested. It is like being covered by auto insurance but never paying any premiums. Good deal if you can get it.

Unfortunately if you try and get it they will put you in jail.

In 2009, as the Caterpillar executives were salivating at the thought of free taxpayer money, they were also simultaneously laying off thousands of US Workers. Neat how that works.

To recap –

Laying off US workers (which hurts the US economy) causing a need for stimulus in the first place……Yes absolutely.

Taking free taxpayer money (to help fix the broken US economy….which they helped break)……..Yes absolutely. A Big corporate salute on that premise.

But Paying US taxes, to help contribute to the system that directly benefits them……Yeah sorry, not really going to happen. Thanks for asking though.

http://www.usatoday.com/story/money/business/2014/03/31/caterpillar-senate-offshore-tax-strategy/7114837/


From 2009 - http://www.nytimes.com/2009/02/13/us/politics/13obama.html?_r=0