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Response to djean111 (Reply #1)

Tue May 5, 2015, 04:44 AM

2. Citigroup, No.5 on Bernie's website "Top 10 Tax Avoiders"

Citigroup, No.5 on Bernie's website "Top 10 Tax Avoiders"

Not only that, Citigroup has been her top contributor every single election cycle: 2002/2004/2006/2008.......


"Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis. Citigroup has established 427 subsidiaries incorporated in offshore tax havens. In 2012, it stashed $42.6 billion in offshore tax havens to avoid paying U.S. income taxes.

Citigroup would owe an estimated $11.5 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated. Michael Corbat, the CEO of Citigroup, made more than $17.6 million in total compensation last year." (http://www.sanders.senate.gov/top-10-corporate-tax-avoiders)

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Ichingcarpenter May 2015 OP
djean111 May 2015 #1
LineLineNew Reply Citigroup, No.5 on Bernie's website "Top 10 Tax Avoiders"
Ichingcarpenter May 2015 #2
djean111 May 2015 #3
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