Do businesses really pay their fair share of taxes?

C

CanadianKid

New member
I was just reading a Businessweek article (Dec 2007)

and it was saying that alot of big corporations were declaring losses in their US businesses but declaring profits in their overseas organizations....

Even when 90% of their business is in the US...So they are shifting their profits to their overseas partners and then declaring losses at home to avoid paying taxes...

Reminds me of Enron....

CK
 
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No they do not pay their fair share of taxes. and at least one on here spoke of moving his money offshore....
 
Enron, George W. Bush's largest campaign contributor, was the seventh largest corporation in the US and the 16th largest in the world. Despite its reported massive profits, it had paid no taxes in four out of the previous five years. The company had thousands of offshore partnerships, through which it had hidden over a billion dollars in debt. When this hidden debt was disclosed in October 2001, the company imploded. Its share price collapsed and its credit rating was slashed. Its executives resigned in disgrace, taking with them multimillion-dollar bonuses, while employees and stockholders shouldered the immense financial loss. Enron's bankruptcy was the largest in corporate history up to that time, but its creative accounting practices appear to be far from unique, with dozens of other corporations poised for a similar collapse.
 
We have all these neolibertarian hacks who thinks corporations pay their fair of taxes...please...

The middle class pays more taxes than the super rich....

People think the super rich are overtaxed...Gullible little libertarians...

The super rich dont pay taxes - they hid their assets and use tax shelters....Thats the way its always been....

Heck if I was a multi-millionaire Id be doing the same thing.... To say that the rich are overtaxed is just a fallacy...

For example Bono...u know from U2, uses all kinds of tax shelters... He paid 5% taxes on his 100 million dollar of earnings in 2006...

CK
 
exactly the guy from platoon talking to Charlie Sheen as the emptied the shitters but it best.
Only a rich college boy would sign up to volunteer for this shit "The rich been f*ing over the poor, always has always will".
 
Bono and the other members of U2 moved part of their multi-million euro song catalogue from Ireland to a tax shelter in Amsterdam, six months before Ireland ended a tax exemption on musicians' royalties.[16] Until then U2 benefited from the artists' tax exemption introduced by the late Taoiseach Charles Haughey. Future income will fall under Dutch tax law, which charges bands like U2 very low to nonexistent tax rates.[16] By moving its major assets to Amsterdam, U2 no longer pays tax on income from their artistic ventures as residents in Ireland.[87] Moving their taxable status to a nation with a lower tax rate, U2 may have also placed a greater tax burden on others in their homeland.[88] U2's manager, Paul McGuinness, stated that the arrangement is legal and customary and businesses often seek to minimize their tax burdens.[16] The move prompted criticisms in the Oireachtas (Irish parliament).[87][89]

http://en.wikipedia.org/wiki/Bono
 
Very few big corporations are ethical....

The only one that I could think of offhand that doesnt try and dodge its tax responsibilities is Berkshire Hathaway....

And thats cause its CEO is a liberal...

CK
 
CanadianKid said:
Very few big corporations are ethical....

The only one that I could think of offhand that doesnt try and dodge its tax responsibilities is Berkshire Hathaway....

And thats cause its CEO is a liberal...

CK
Click to expand...

you are saying Berkshire is the only company that does not "break" the tax law?
 
We all know why Topspin is always praising big corporations...cause he is employed by one of the biggest most unethical one eh.....Texaco was it?

CK
 
cawacko said:
you are saying Berkshire is the only company that does not "break" the tax law?
Click to expand...


I can see cawacko's comprehension skills are not working...

What I said was almost all big corporations are not living up to their full tax responsibilities...Instead they are shirking their stuff and lying and putting it in offshore tax shelters...

is that legal? It may be....Does it "break" the law, I have no idea, does it however break the original interpretation of the law...You bet...

CK
 
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