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Thread: G.E.ís Strategies Let It Avoid Taxes Altogether

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether


    Bingo! Nothing new!


    From your link:

    The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.



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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by mertex View Post
    Nothing new!
    not according to the times

    the lady laments that charlie changed his mind on the very day mr samuels took a knee

    of course that was more than a year before over-his-head obama promoted the ceo to JOBS CZAR

    which was only a few months after orzsag, summers and romer all QUIT

    i wonder why practically his entire economic team QUIT

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by PeteEU View Post
    Eh? I am bitching about a tax systems that makes it possible for massively profitable companies to avoid taxes all together. You did read the Economist link right? That Newscorp paid an effective tax of 6% world wide despite being registered in 4 different countries with tax rates going from 35% to 30ish%? Point is the tax system of the US and other countries is corrupt and pro business to the extreme (in the US).
    Actually I think you have it backwards here. The tax code is the opposite of pro business. These companies are obviously investing large amounts of money just to avoid taxes, that is not the way it should be. That is why all of these large companies are OFFSHORING their profits. They do not want to bring the profits to the US because then they will face one of the highest tax rates on corporate profits in the world.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Marshabar View Post
    Pretty draconian. Sold off to whom?
    Why to unions of course, the same unions who have gotten loopholes put into the tax code.
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by mertex View Post
    Proving what? That they do or they don't? I haven't commented either way, but you seem to have some idea, so why don't you enlighten me?

    Proving that the strategy of many corporations is to give money to both sides in order to lobby them later. It has nothing to do with the ideology of any specific board member, or CEO necessarily. However, when that member then sits on a panel for a particular President, and makes himself known as a close friend and advisor to that President, well, we can see just fine where he stands politically.

    Then he benefits directly, although see that part is not out in the open, think of liberal claims against Cheney when you mull this over in your head, all the sudden you want to bring up donations to GOP campaigns as though that exonerates this corrupt administration from the dirty, corrupt deals they are making?

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by mertex View Post
    Bingo! Nothing new!


    From your link:

    The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.
    Just another smoke screen excuse. I think hearings are in order.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    Why wouldn't corporations take advantage of a middle class dumb enough to lower corporate taxes for them and the taxes for the wealthy for the last 30 years thereby taking on more debt for ourselves?

    We get the government we deserve. I don't have any unrealistic expectations for our leaders to be smarter than we are.
    We were stupid enough to vote in a flaming Liberal as president. Now, GE, one of the biggest domestic producers of overseas produced green energy junk has been green energy subsidized to the point we the government owes them a tax refund to the tune of of $3.2 billion.

    When you consider that the Dems controlled Congress for a majority of the time that the tax code has existed, it is no wonder that the tax code is ****ed up 9 ways from sunday.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by apdst View Post
    We were stupid enough to vote in a flaming Liberal as president. Now, GE, one of the biggest domestic producers of overseas produced green energy junk has been green energy subsidized to the point we the government owes them a tax refund to the tune of of $3.2 billion.
    You've missed a few posts. GE and other corporations have been getting tax breaks long before Obama became president.

    When you consider that the Dems controlled Congress for a majority of the time that the tax code has existed, it is no wonder that the tax code is ****ed up 9 ways from sunday.
    We never had a problem with revenues until the tax rates for the wealthy were slashed by Reagan/Bush.
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    You've missed a few posts. GE and other corporations have been getting tax breaks long before Obama became president.
    So, are you claiming that GE isn't getting sudsidized for their green energy projects? Do you oppose subsidizing green energy projects?



    We never had a problem with revenues until the tax rates for the wealthy were slashed by Reagan/Bush.
    We didn't? So, tell us, if you please, how the economy went into the crapper before Reagan/Bush became presidents. Can't wait to hear this.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by PeteEU View Post
    Eh? I am bitching about a tax systems that makes it possible for massively profitable companies to avoid taxes all together. You did read the Economist link right? That Newscorp paid an effective tax of 6% world wide despite being registered in 4 different countries with tax rates going from 35% to 30ish%? Point is the tax system of the US and other countries is corrupt and pro business to the extreme (in the US).
    No such tax code exists in the United States.

    There are only two ways for a company to do what GE did, 1) report a loss and 2) huge government subsidies.

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