Protest held in LA against tax-dodgers

Protesters staged a rally outside Occidental Petroleum’s annual shareholder meeting in Los Angeles.

“We are tax payers and we expect our companies in California to pay their fair share of taxes like other humans and businesses do,” said Debra Taylor Padgett, one of the protesters.

Protesters said tax evasion by such companies will hurt local communities’ ability to provide basic public services such as health care.

“Simply put, they don’t really care that my mother hasn’t been paid her fair share for the billions upon billions of dollars that this company is making from underneath her home,” Isella Ramirez, the daughter of a property owner said.

Occidental Petroleum is the country’s fourth largest oil company and has made nearly USD 16 billion over the past four years during which the company paid a 15 percent average federal tax rate and received more than USD three billion in tax subsidies.

Occupy protesters have been repeating the slogan, “We are the 99 percent” to distinguish themselves from the one percent of Americans that are in possession of the nation’s greatest wealth.

SZH/JR/MA

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