Walgreens made international headlines recently when it considered using a loophole called a “tax inversion” to dodge billions of dollars in taxes. Thanks in part to the grassroots activism from CREDO, Daily Kos and a broad progressive coalition, the company backed down.
But a dozen other major American corporations have exploited the same loophole so far in 2014 and countless others—including Burger King—are actively considering it.
President Obama could eliminate much of the tax incentive for companies to move overseas by simply invoking a law that has been on the books for decades.Read more: Burger King wants you to pay its taxes for them
Read more: If You Work Part-Time, Read This!
Like many of the other tech companies – Lyft, Zaarly, Fiverr – that have gotten bucketloads of venture capital to match underemployed people with no-commitment gigs, TaskRabbit taps into an existing need – any kind of income in an economy increasingly built on low-wage jobs or no jobs at all – and fulfils a real desire for flexibility among 21st-century workers. The company's CEO has said that TaskRabbit's goal is to "revolutionize the world's labor force"
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