From Bill Moyers report:
“Jill Treanor at The Guardian writes that a report from the ratings agency Moody’s calculates, “Some of the biggest US companies have accumulated cash piles worth almost $1.7tn (£1.1tn) – more than two thirds of it overseas… The five companies hoarding the most cash – Apple, Microsoft, Google, Cisco and Oracle – between them held $504bn by the end of last year. The tech sector held 46% of the total… “The figures will add to the controversy about companies sitting on cash as the data shows they are parking it offshore to avoid the tax bill that would be due on returning ito the US.”
About two trillion in untaxed earnings have been parked overseas.
So the tech companies want to sell their stuff to schools but avoid the taxes that pay for schooling. No wonder “the money is all gone.” It is hidden from the tax collector.
Shame on them!
Diane Ravitch's blog 
Reblogged this on David R. Taylor-Thoughts on Education.
It is ironic that these tech giants, some whose leaders support charters and bash public schools, fail to pay their fair share of taxes that help pay for public education. I recently saw Tim Cook lamenting the “skills gap” in the US as a reason for his investment in China. Of course, he never mentioned the Chinese work for pennies on the dollar. He recently visited India where he was equally impressed with their “skills.” Americans should answer by refusing to buy their products. Then, perhaps, these tech giants will appreciate our skills.
Apple loves overworked, underpaid (and even child) Chinese labor. And they also love the fact that the factories that produce their products do not have to abide by strict environmental laws and can can pollute the Chinese land and water at will and pass the savings along to Apple.
I would never buy an Apple product or even accept one as a gift.
Nothing new here. English author Nicholas Shaxon wrote a book: “Treasure Islands, Uncovering the Damage of Offshore Banking and Tax Havens” SEVERAL years ago. Also people might be interested in David Cay Johnston’s book: Perfectly Legal: The Covert Campaign to to Rig Our Tax System to Benefit the Super Rich – And Cheat Everyone else.
A main reason for supporting Bernie and his movement.
Again;
ONLY if the American people stand up and scream, as Bernie has tried to get people to do will we have a CHANCE to regain a government that works for us.
For those who say they will not vote for Hillary.
VOTE FOR her if she becomes the nominee.
Not only to keep Trump out of the White House
but
you can still and MUST still support Bernie’s platform. Make Hillary do what she should be doing. This is what would HAVE to be done even if Bernie is elect ed. He has said as much over and over again.
“Make Hillary do what she should be doing.”
How? You mean like we’ve made Obama do what he should be doing? Phth.
Reblogged this on Politicians Are Poody Heads and commented:
And we’re surprised by this? Not.
K-12 schools in every state rely heavily on state aid. On average, some 46 percent of school revenues in the United States come from state funds. Local governments provide another 45 percent. The rest, about 9% on average, comes from the federal government.
Source. http://www.cbpp.org/research/state-budget-and-tax/most-states-have-cut-school-funding-and-some-continue-cutting
I highly recommend this website. In addition to clear visual and verbal communications about budgets, and more recent information than from the National Center for Education Statistics, it has comparative information on funding by state, with comments on the implications of all of this information for public education.
I am probably not alone in being impatient with the perks and bonuses and golden parachutes of CEOs who are all too ready to blast teachers and their unions, and public education while ignoring the unconscionable rise in poverty rates in the last several decades.
High taxes are bad policy.
J. H. Underhill
Finally! A comment by someone who “gets it”. It’s the high taxes levied on corporations that keeps this money offshore. For a business to flourish it must make a profit. Why would a business owner (shareholders, CEOs) keep their business in America or bring profit back knowing they’ll pay the highest business taxes on the planet? They won’t. If you want to tax that money for schools then tell Congress and the President to lower the punishing taxes on business. You can have high taxes causing sheltered income or you can have lower taxes on business income to create increased revenue. Make a choice.
I suspect many of the tech giants pay an effective tax rate below mine. Tax policy is rarely a cause of business failure. What is disturbing is these corporations love America’s relative stability, military might, and pro-business market system, but aren’t willing to pony up and support the very country that helped them flourish. Instead, the burden of sustaining America shifts to hard working, middle class Americans.
“Google is Not What It Seems”, the chapter from Julian Assange’s book that is available on-line, exposes the Walton-funded Gen Next Foundation. American democracy has been destroyed by oligarchs.
Arne Duncan went to work for the Emerson Collective, an oligarch’s tool, created by the widow of Apple’s founder.