HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Activism » Socialist Progressives (Group) » The Corporatist Party » Reply #2
In the discussion thread: The Corporatist Party [View all]

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.......


https://www.opensecrets.org/politicians/contrib.php?cycle=Career&cid=n00000019

"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)

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
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
Please login to view edit histories.