Terror

Poverty, Treasure Islands, and Global Tax Dodgers

Bahamasphoto © 2010 John Hilliard | more info (via: Wylio)
As Christians concerned about poverty, it is time to turn our full attention to the injustices of an "offshore tax system" that enables corporations and the wealthy to dodge taxes and impoverish countries around the world.

As members of Congress in the United States debate deep and painful budget cuts, people of faith should raise our voices against an unfair system that enables profitable U.S. corporations to dodge taxes, depleting an estimated $100 billion from the U.S. Treasury each year. Instead of cutting $1 trillion over the next decade from programs that assist the poor and ensure greater opportunity, we should eliminate these destructive tax gimmicks.

Recent reports show that aggressive tax dodgers such as General Electric, Boeing, and Pfizer, avoid billions in taxes a year. They use accounting gymnastics to pretend they are making profits in offshore subsidiaries incorporated in low- or no-tax countries like the Cayman Islands, thereby reducing their tax obligations in the United States. This system is unfair to domestic businesses that have to compete on an un-level playing field.

Friday Links Round Up: The Onion. Palin. Pick Our Cover.

The Onion. Palin. Pick Our Cover. Here's a little round up of links from around the Web you may have missed this week:

  • "Dear Children of Troy: Read. Read. Read. Read. Read. Read. That's the advice of your good friend, Dr. Seuss."

Egypt's Power Vacuum

For an entire week now we've watched tens of thousands of Egyptians march demanding a change in government. The police force has collapsed. The army is out in force. Residents are policing their own neighborhoods. President Mubarak is weighing his options. And the West is wondering what will happen next.

Guantanamo: When Will It Get Foreclosed?

Please keep in your prayers those who are fasting and praying at the U.S. capitol between January 11 to 21, keeping vigil for the closing of the U.S. prison camp at Guantanamo. As an opening to their prayer vigil Wednesday, they engaged in a little prophetic street theater in front of the Justice Department.

In August 2007, candidate Obama promised to close Guantanamo, saying, "As President, I will close Guantanamo, reject the Military Commissions Act and adhere to the Geneva Conventions. Our Constitution and our Uniform Code of Military Justice provide a framework for dealing with the terrorists."

In January 2009, one of President Obama's first official acts was to sign an executive order promising to close Guantanamo within one year. "This is me following through on not just a commitment I made during the campaign, but I think an understanding that dates back to our founding fathers, that we are willing to observe core standards of conduct, not just when it's easy, but also when it's hard," he said.

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