It mercantilism all over again...More facts, according to the following site:
Key Facts
Tax avoidance through offshore tax
loopholes is a significant reason why
corporations, which paid one-third of
federal revenues 60 years ago, now pay
one-tenth of federal revenues.
U.S. corporations dodge $90 billion a
year in income taxes by shifting profits
to subsidiaries—often no more than a
post office box—in tax havens.
U.S. corporations hold $2.1 trillion in
profits offshore – much in tax havens –
that have not been taxed in the U.S.
General Electric, which uses a loophole
for offshore financial profits, earned
$27.5 billion in profits from 2008 to
2012 but claimed tax refunds of $3.1
billion.
Apple made $74 billion from 2009-2012
on worldwide sales (excluding the
Americas) and paid almost nothing in
taxes to any country.
26 profitable Fortune 500 firms paid no
federal income taxes from 2008-2012.
111 large, profitable corporations paid
zero federal income taxes in at least one
of those five years.
http://www.americansfortaxfairness.org/files/ATF-Offshore-Corporate-Tax-Loopholes-Fact-Sheet.pdf
And that is the point in it's entirety. Companies are getting FILTHY rich while the brainwashed still blame "unions" because that's what they have been taught. It's somehow "unamerican" for the populace to expect a decent living from those companies who make a "profit".
Far be it to blame those same companies who screw both their customers AND their slave labor - while they vacation in the Grand Caymans and live in multi-million dollar homes ( along with those politicians who suck at their tits)