1. Corporate Welfare in America
... program known as foreign sales corporation (FSCs) was made to encourage businesses to export their products. It has cost U.S. taxpayers more than 10 billion dollars in the 1990s, and 8 billion has gone to the largest corporations (Barlett & Steele, Nov. 16, 1998). To be part of this program, a ... records, open a bank account, and provide an offshore postal address. The government stipulates that the corporation has to conduct an annual board meeting in the vicinity of their foreign sales corporation (Barlett & Steele, Nov. 16, 1998). The board meeting ends up being an expense paid busi...
- Word Count: 2005
- Approx Pages: 8
- Has Bibliography
- Grade Level: High School