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Thread: Study finds Corporate America avoided $60B in taxes (2010)

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by 1Perry View Post
    Let me get this right.......They avoid paying their taxes so the solution is to make them even higher? This is a problem Obama said he was going to tackle and as we see, he's done nothing of the sort.

    GE avoids paying their taxes by moving over seas and the solution is to tax the successful grocery store owner at a higher rate?
    good point, close the loop hole that allowed this to happen, and leave don't raise taxes. You enjoy the benefit of this country, you pay taxes. If I work as a consultant, and I am based out of the USA, and I travel to Europe and consult and but the profits of this job in a Swiss account, I have to report this income. If I don't, the IRS should be knocking on my door. If these companies use an illegal slip of the pen, then fine the f out of them and get the back taxes. If they were allowed to do this as the result of a loop hole then close it.

    In AZ, they started enforcing the tax code, and it increased the budget, what a concept. If this is something the executive branch of the US is not enforcing, then let but this out there for all to see. Transparency.
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    stop and think lpast.

    companies are moving overseas because they are overtaxed here.


    and your solution


    is to raise those taxes even more.



    ....and how, exactly, do you anticipate they will respond to you adding in massive new incentives for them to move overseas and never return?
    CPwill you keep telling me that and yet there is so much evidence posted on this board even...that its simply not true...corporations pay a pittance and some get subsidies OVER and above all the writeoffs like big oil...and just how do you explain away ge...got a 300 billion dollar tax payer credit on 15 billion dollars in profit and moved an entire division to china....CP i know you desparately want to change peoples minds...you want to give corporations and the richest of the richest big tax hikes and take everything off of workers...you told us that many times over...but other people will never be convinced of that...me for one sorry

  3. #143
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    stop and think lpast.

    companies are moving overseas because they are overtaxed here.


    and your solution


    is to raise those taxes even more.



    ....and how, exactly, do you anticipate they will respond to you adding in massive new incentives for them to move overseas and never return?
    What you failed to mention is that GE moved their factories because they get breaks on taxes, pollution, and labor costs. BUT, they still have their corporate offices and warehouses here in the states.

    Don't raise their tax rate, make them pay their share by closing the loop holes that allows them to hide profits outside of the USA and enjoy the comforts of being a USA citizen. If GE wants to move overseas, they should move completely, but they need to take all of their company, everything, and let them enjoy the protection of the country that is give them the tax break. They should not be using my streets, my police, my military, my government, and the banks that federally insured to protect their assets. GE basically told me you cannot survive in my country because you are over taxed, they should LEAVE.

    Hey, if a company chooses to relocate in from AZ to Mississippi, they take everything, and don't enjoy the protection from the state of AZ, and they don't continue being a burden on the infrastructure.
    Last edited by TBone; 07-30-11 at 09:25 PM.
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  4. #144
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by lpast View Post
    CPwill you keep telling me that and yet there is so much evidence posted on this board even...that its simply not true...corporations pay a pittance and some get subsidies OVER and above all the writeoffs like big oil...
    some pay less, others pay more. retailers, for example, pay damn near the nominal tax rate. however, our high tax rate ensures that companies go to great lengths and expense trying to minimize their exposure, you are correct. why you want to increase that, I still have no idea.

    just how do you explain away ge...got a 300 billion dollar tax payer credit on 15 billion dollars in profit and moved an entire division to china...
    you didn't know? they're on the special "Friends Of Obama" program

    CP i know you desparately want to change peoples minds...you want to give corporations and the richest of the richest big tax hikes and take everything off of workers...you told us that many times over.
    excellent. then you will be able to link to at least a single incident of me saying so.

  5. #145
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TBone View Post
    What you failed to mention is that GE moved their factories because they get breaks on taxes, pollution, and labor costs. BUT, they still have their corporate offices and warehouses here in the states.
    as of yet, yes.

    Don't raise their tax rate, make them pay their share by closing the loop holes that allows them to hide profits outside of the USA
    ah. so you want to stop them from having their corporate offices and warehouses here. have them overseas as much as possible.

    the US is one of the very few nations dumb enough to tax capital earned overseas when it is brought back. We deliberately punish companies for trying to invest in America. And then we are astonished when they do not.

    If GE wants to move overseas, they should move completely, but they need to take all of their company, everything, and let them enjoy the protection of the country that is give them the tax break.
    they won't. they will just place their nominal headquarters somewhere else, and keep the operations that are profitable here, here. and never expand here. enjoy that high unemployment rate, because under your proposal, it is here to stay.

  6. #146
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    cpwill;1059699351]as of yet, yes.

    ah. so you want to stop them from having their corporate offices and warehouses here. have them overseas as much as possible.

    the US is one of the very few nations dumb enough to tax capital earned overseas when it is brought back. We deliberately punish companies for trying to invest in America. And then we are astonished when they do not.
    So explain to me how they are investing in the America by moving operations from the US to China?

    So by investing in America, do you mean, have their corporation here, enjoy the protection of the USA, but operate outside the USA to increase their profits because the American work is paid more then the Chinese National?

    So by investing in America, does that mean they should get gov't contracts, hide profits in foreign countries, hire foreign workers, buy foreign production material, and not pay taxes. Because that is what GE will continue to do. So, if Obama or Bush or the GOP controlled House or the Senate is allowing this, then there is a problem.

    To me that is not investing. Companies are outsourcing because of labor costs. If they could pay american workers dirt, they would stay here. If they could polute, they would stay here. I am not convinced they are moving because they are overtaxed.

    they won't. they will just place their nominal headquarters somewhere else, and keep the operations that are profitable here, here. and never expand here. enjoy that high unemployment rate, because under your proposal, it is here to stay.
    My point they reap the benefits, e.g. infrastructure, protections, gov't contracts, etc., and they don't still don't invest in America. High employment happened because Wall Street got drunk and we let them, then we bailed them out. GE was moving ops outside America before this occurred. Nice try.
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  7. #147
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    maybe he wants to help other nations, and in order to do that he wishes to ensure that no investment ever come back into the United States, but rather stays there?
    good point-lots of lefties are ambivalent to outright hateful of America.



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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    stop and think lpast.

    companies are moving overseas because they are overtaxed here.


    and your solution


    is to raise those taxes even more.



    ....and how, exactly, do you anticipate they will respond to you adding in massive new incentives for them to move overseas and never return?
    and then piss and moan when jobs go overseas



  9. #149
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    and then piss and moan when jobs go overseas
    evil companies ship jobs overseas. let's make 'em do it even more; that'll show them!

  10. #150
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    good point-lots of lefties are ambivalent to outright hateful of America.
    good diversion tactics, blame it on the lefties, and call them un American.
    It is better to die on your feet than to live on your knees.
    Emiliano Zapata


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