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Sen. Bernie Sanders predicts #PanamaPapers in 2011

submitted by notarobot

8 years 2 weeks ago

On October 12, 2011, Sen. Bernie Sanders opposed the Panama–United States Trade Promotion Agreement on the senate floor.

"In 2008, the Government Accountability Office said that 17 of the 100 largest American companies were operating a total of 42 subsidiaries in Panama. This free trade agreement would make it easier for the wealthy and large corporations to avoid paying U.S. taxes and it must be defeated. At a time when we have a record-breaking $14.7 trillion national debt and an unsustainable federal deficit, the last thing that we should be doing is making it easier for the wealthiest people and most profitable corporations in this country to avoid paying their fair share in taxes by setting-up offshore tax havens in Panama."

/YT

Text of full speech at www.sanders.senate.gov

/Via Reddit