Letter: U.S. companies should pay share

A Walgreen Co. store in Chicago, Ill. on

A Walgreen Co. store in Chicago, Ill. on March 23, 2012. The company reported third quarter profits were up on June 24, 2014, but economists were disappointed. Photo Credit: Bloomberg News / Daniel Acker

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The news story "Census: Wealth gap widened" [Business, Aug. 25] provides the best response to the letter writer who supported Walgreen Co.'s attempt to move to a foreign country for tax advantages, a move it later aborted ["Walgreen met with official intimidation," Aug. 25].

According to this census report, the median household net worth of the richest one-fifth of our population -- possibly the majority of the stockholders for whom the writer seems to believe companies have a fiduciary duty to maximize profits -- rose to $630,754 between 2000 and 2011. The net worth of the bottom 20 percent was a negative $6,029 -- and increase in indebtedness from negative $905 in 2000.

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So much for the benefits to employees that the letter writer claims.

Companies that operate in the United States benefit from much that is supported by all of us -- for example, roads, the Internet, water supply, power grids. Companies have a responsibility to support these resources by paying their fair share instead of retreating to foreign tax havens.

Murray Wilkow, Old Bethpage

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