To: The Colorado State House and The Colorado State Senate
Colorado: Reject a $15.3 million tax heist
Colorado could save $15.3 million by closing a loophole which allows companies to dodge taxes with offshore tax havens.
Just about anything would be a better use of $15.3 million than letting huge, multinational corporations hide profits in tax shelters like the Cayman Islands.
Please take immediate action to close these loopholes.
Why is this important?
How is Colorado going to pay for flood damage repair, upgrading mental health care or improving our schools? Well, we can start by looking at the Cayman Islands.
Corporations dodge taxes by booking profits made here to offshore tax havens that levy little to no tax.
It’s about time that these corporations start living by the same rules as the rest of us. It’s time to close these loopholes and invest in an economy that works for everyone. And the best part is, we don’t need to wait for Congress -- but we need Colorado legislators to act.
Montana and Oregon have already passed laws recoup money stashed in offshore tax havens. If we enacted the same policy here in Colorado, it would generate $15.3 million dollars.
It's a simple step that could be done in a month if we could convince Colorado legislators to push this forward. But to convince them to take on the big corporations and their lobbyists, they need to hear from you.