Past performance is no guarantee of future results:
“Romney’s offshore tax havens helping cause the deficit problem he complains about.”
– Headline at GE co-owned MSNBC, Jul 9, 2012.
“GE, Pfizer, Microsoft, Apple And Other Major US Corporations Are Parking More Cash Abroad To Avoid Paying Taxes.”
– Headline at International Business Times, today. (Caution: auto-play video at link.)
In 2011, former Bill Clinton spokesman turned ABC anchor George Stephanopoulos demonized businesses who relocate overseas because of high taxes as “unpatriotic,” Newsbusters reported at the time. Expect crickets though, when it comes to the corporatist heads of NBC and MSNBC parking their money overseas.
Oh, and no word yet if Jack Lew has any thoughts on this story.