Public Citizen brings us this video explaining how easy it is to avoid paying taxes on your corporate income. The video was created to explain the impact on tax avoidance if the US signs on to the Panama Free Trade Agreement. Apparently the whole process is streamlined and secret in Panama (John McCain’s home country) and signing the agreement would give away leverage that we have to break Panama’s tax haven ways.
[youtube]http://www.youtube.com/watch?v=5jtsgDBL7Mc[/youtube]