My Orchids. Phalaneopsis "Tax Haven". Photo ET
Maine
and Luxembourg - the Sequel
Luxembourg officials got some good help from Nancy McLernon to find the right facts and language in order to square off the Maine Legislators' attack on the tax haven. Here some excerpts from an article in Bangalore Daily News, for you to copy and paste next time if you need to write something to Governor Lepage, if he doesn't turn the page.
"The bill’s premise is a false assumption that
misrepresents the value global companies provide, and it conflicts with the
longstanding agreements that America has negotiated with other countries to
ensure global companies pay the taxes owed in an equitable manner.
Take Luxembourg as an example: America has had a
tax treaty in force with Luxembourg for more than a decade. Even though Maine’s
population is 2.5 times larger than this European country, Luxembourg has invested more
than $202 billion in the United States. In fact, last year alone, its investment in the
United States outpaced those
from Germany, France, China, and Mexico, to name a few."
"Nancy McLernon is the president and
CEO of the Organization for International Investment, which represents the U.S.
operations of many of the world’s leading global companies that insource
millions of American jobs."
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