--- title: "Meaning & Key Takeaway of: Do away with the corporate loopholes that…" description: "\"Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some c..." image: "https://sms4smile.com/quotes/i/0ef/lawrence-o-donnell-1701_cases_do-away-with-the-corporate-loopholes-tha_1805245.jpg" --- # Do away with the corporate loopholes that allow major… ![“Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.” quote by Lawrence O'Donnell](https://sms4smile.com/quotes/i/0ef/lawrence-o-donnell-1701_cases_do-away-with-the-corporate-loopholes-tha_1805245.jpg) [Download](https://sms4smile.com/quotes/i/0ef/lawrence-o-donnell-1701_cases_do-away-with-the-corporate-loopholes-tha_1805245.jpg) [Open image](https://sms4smile.com/quotes/i/0ef/lawrence-o-donnell-1701_cases_do-away-with-the-corporate-loopholes-tha_1805245.jpg) > “Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.” [Lawrence O'Donnell](https://sms4smile.com/quotes/author/lawrence-o-donnell/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Corporate tax avoidance via offshore havens deprives governments of revenue and undermines fairness. **In simple terms:** Companies hide profits offshore to avoid taxes, harming public finances. Key Takeaway Support policies that close loopholes and enforce fair taxation. Themes tax policy justice economics Mood critical determined Type political activist When to use this quote - government budgeting - public services - corporate governance Key Concepts tax avoidance offshore finance Questions to Reflect On - What incentives can encourage corporations to pay their fair share? - How can enforcement be made more effective? A Different Perspective Closing loopholes may face strong corporate lobbying and legal challenges. ★ ★ ★ ★ ★ No ratings yet [Cayman islands](https://sms4smile.com/quotes/about/cayman-islands/) [Corporate](https://sms4smile.com/quotes/about/corporate/) [Corporations](https://sms4smile.com/quotes/about/corporations/) [Income](https://sms4smile.com/quotes/about/income/) [Islands](https://sms4smile.com/quotes/about/islands/) [Money](https://sms4smile.com/quotes/about/money/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [Corporations are not going to stash their money in the Cayman Islands. We are going to reinvest in America, create jobs, make education available…](https://sms4smile.com/quotes/bernie-sanders/corporations-are-not-going-to-stash-their-money-in-the-cayman-islands/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one…](https://sms4smile.com/quotes/elizabeth-warren/i-talk-to-nurses-and-programmers-salespeople-and-firefighters-people/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [The whole tax code should be looked at, all the way from farm subsidies to carried interest to - to corporate loopholes, because we…](https://sms4smile.com/quotes/stephen-pagliuca/the-whole-tax-code-should-be-looked-at-all-the-way-from-farm/) [Stephen Pagliuca](https://sms4smile.com/quotes/author/stephen-pagliuca/) > [Lobbyists and special interests continue to take advantage of loopholes that allow them to host lavish receptions and pay for trips for members of…](https://sms4smile.com/quotes/sara-gideon/lobbyists-and-special-interests-continue-to-take-advantage-of/) [Sara Gideon](https://sms4smile.com/quotes/author/sara-gideon/) > [No, we didn't 'slash' children's programming or eviscerate our rules by creating loopholes to allow those inclined to avoid airing any kids' programming at…](https://sms4smile.com/quotes/michael-o-rielly/no-we-didn-t-slash-children-s-programming-or-eviscerate-our-rules-by/) [Michael O'Rielly](https://sms4smile.com/quotes/author/michael-o-rielly/) > [In the meantime the big corporations are fleeing America for tax havens and places like Ireland, Luxembourg and the Grand Cayman Islands; the rich…](https://sms4smile.com/quotes/ralph-nader/in-the-meantime-the-big-corporations-are-fleeing-america-for-tax/) [Ralph Nader](https://sms4smile.com/quotes/author/ralph-nader/) > [Now all of the ideas that I'm talking about, they are not radical ideas. 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I think 28 or 30 other states…](https://sms4smile.com/quotes/phil-murphy/we-are-closing-corporate-loopholes-so-we-are-hardly-being-heroic-to/) [Phil Murphy](https://sms4smile.com/quotes/author/phil-murphy/) > [Now, for Romney to believe that somebody's grandmother is going to be so cut off she is going to self deport... He certainly shows…](https://sms4smile.com/quotes/newt-gingrich/now-for-romney-to-believe-that-somebody-s-grandmother-is-going-to-be/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [Twenty-three cents may not sound like a lot to someone with a Swiss bank account.](https://sms4smile.com/quotes/lilly-ledbetter/twenty-three-cents-may-not-sound-like-a-lot-to-someone-with-a-swiss/) [Lilly Ledbetter](https://sms4smile.com/quotes/author/lilly-ledbetter/) > [When Mitt Romney says he wants to reform the tax code, hold on to your wallets.](https://sms4smile.com/quotes/charles-schumer/when-mitt-romney-says-he-wants-to-reform-the-tax-code-hold-on-to-your/) [Charles Schumer](https://sms4smile.com/quotes/author/charles-schumer/) > [That's where the economy is going. It went somewhere. Just not to America. And the money made? That went to the Cayman Islands and…](https://sms4smile.com/quotes/henry-rollins/that-s-where-the-economy-is-going-it-went-somewhere-just-not-to/) [Henry Rollins](https://sms4smile.com/quotes/author/henry-rollins/) > [I grew up in the Cayman Islands. I didn't play video games or watch TV. I would basically come home from school, throw down…](https://sms4smile.com/quotes/armie-hammer/i-grew-up-in-the-cayman-islands-i-didn-t-play-video-games-or-watch-tv/) [Armie Hammer](https://sms4smile.com/quotes/author/armie-hammer/) > [When the earthquake hit Haiti in 2010, I was on vacation in the Cayman Islands.](https://sms4smile.com/quotes/anonymous/when-the-earthquake-hit-haiti-in-2010-i-was-on-vacation-in-the-cayman/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by Lawrence O'Donnell > [All writers are forced to live within deadlines, and deadlines determine how good they can be.](https://sms4smile.com/quotes/lawrence-o-donnell/all-writers-are-forced-to-live-within-deadlines-and-deadlines/) [Lawrence O'Donnell](https://sms4smile.com/quotes/author/lawrence-o-donnell/) > [The question for the Republicans running the confirmation hearings in the United States Senate is whose rules are they going to use?](https://sms4smile.com/quotes/lawrence-o-donnell/the-question-for-the-republicans-running-the-confirmation-hearings-in/) [Lawrence O'Donnell](https://sms4smile.com/quotes/author/lawrence-o-donnell/) > [Prosecutors have absolutely no control over what witnesses say when they leave the grand jury room.](https://sms4smile.com/quotes/lawrence-o-donnell/prosecutors-have-absolutely-no-control-over-what-witnesses-say-when/) [Lawrence O'Donnell](https://sms4smile.com/quotes/author/lawrence-o-donnell/) > [Because Republicans defected and voted with all the Democrats to reject Jeff Sessions' nomination when they discovered that when he was working as a…](https://sms4smile.com/quotes/lawrence-o-donnell/because-republicans-defected-and-voted-with-all-the-democrats-to/) [Lawrence O'Donnell](https://sms4smile.com/quotes/author/lawrence-o-donnell/) > [ In this case, the government will essentially be run by the people who are running it now. 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