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

  1. #51
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    Re: G.E.s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by PeteEU View Post
    http://www.nytimes.com/2011/03/25/bu...x.html?_r=1&hp

    And people why the US is going down the hole with a tax system that actually PAYS its biggest corporation 3.2 billion dollars a year despite having 14.2 billion in profits.
    This is ludicrous. Our tax system is so damn corrupt it's sickening. There should be an absolute drop-dead minimum tax that corporations pay. Who's bringing that idea to the Senate floor???

    But ya' know what? No matter how much tax we make corporations pay, Congress will still spend us down the river. That's how I look at it now. If taxes are increased, it's not like we're going to pay down our debt...we'll just keep on keepin' on. 'Til we're broke. Well, broker.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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

    Quote Originally Posted by digsbe View Post
    It is wrong that GE is actually paid. Many conservatives in America have had a problem with this.
    Funny, I haven't seen too many conservatives argue against tax breaks and rebates to large corporations? Do you have a cite?

    Quote Originally Posted by digsbe View Post
    Their CEO is a very corrupt individual.
    Would you have the decency to support these character assassinations? let's be a little more intellectually honest.

    Quote Originally Posted by digsbe View Post
    He owns MSNBC and has a very strong relationship with the Obama administration.
    GE owned MSNBC, but sold controlling interest to Comcast. It was not owned byt the CEO of GE. BTW, how is that germane to the argument at hand? This issue is about mega-corporations not paying taxes? Or is this only an outrage because you are making some type of suggestion that GE is somehow a liberal company and only because of that, they should not have such tax benefits.

    Rest assured, the tax structure is the tax structure. There are not unique benefits to specific corporations. The issue is that the tax structure is such that multi-nationals pay no taxes, yet have huge profits. Corporations are paying less and less of the total tax freight, the slack of which curiously is being picked up by payroll taxes (FICA). The whole government keeps cutting individual and corporate tax revenues, increasingly relying on social security to fund the government.

    Numbers_Figure-2_What-are-federal-govt-sources-of-revenue_1.jpg

    BTW... in seems the poster was quick to identify GE as a liberal company and feign his outrage from there. Why can't we argue an issue without trying to label something as liberal or conservative. It seems we have to label the subject of the argument and then apply all the liberal/conservative attributes to the issue, thus obfuscating the issue itself in meaningless political posturing.
    Last edited by upsideguy; 03-26-11 at 01:24 AM.

  3. #53
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    Re: G.E.s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by digsbe View Post
    It is wrong that GE is actually paid. Many conservatives in America have had a problem with this. Their CEO is a very corrupt individual. He owns MSNBC and has a very strong relationship with the Obama administration.

    I guess that is why MSNBC suspended Olbermann for supporting three democrats in the last election?

    I guess that is why MS donated to Bush's campaign?

    The "MS" in MSNBC
    means microsoft
    The same Microsoft that donated 2.4 million to get GW bush elected.

    Who owns CNN? or MSNBC? ABC? : LA IMC

    I guess that is why the head of NBC donates so much to Republicans?

    Immelt's GOP donations

    General Electric CEO Jeffrey Immelt is joining the Obama administration's effort to jumpstart job creation, but prior to that he was a generous donor to GOP candidates.

    The White House announced early Friday that Immelt will be the chairman of Obama's new Council on Jobs and Competitiveness, but campaign finance records show that around two-thirds of the Cincinnati native's contributions over the years have been to Republicans.

    Just last cycle, Immelt dipped into his pockets to help elect GOP majorities.

    According to OpenSecrets.org, Immelt gave $4,800 to Ohio Sen. Rob Portman and $4,300 to Missouri Sen. Roy Blunt.

    To be clear, Immelt played the role of typical corporate donor who hedges his bets on both sides of the fence, but he has been considerably more generous to Republicans.

    Immelt's GOP donations - David Catanese - POLITICO.com



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  4. #54
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    Re: G.E.s Strategies Let It Avoid Taxes Altogether


    I guess they owned Reagan and Bush!

    Centennial
    With the approaching 100th anniversary of Ronald Reagans birthday on February 6, the Ronald Reagan Presidential Foundation and Library in Simi Valley, California, is gearing up for a full weekend of activities celebrating the legacy of our 40th President.

    Giller says the Foundation has been planning the Centennial celebration for two years and credits GEs generous sponsorship with making it possible. GE presented a $15 million gift to the foundation to go toward museum renovations, advertising and marketing for the Centennial, and to support 20 annual GE-Reagan Foundation college scholarships for American high school students. Among the dignitaries who will be speaking at the weekend birthday celebration are GEs CEO Jeffrey Immelt, who Giller says will address what it means to have had Ronald Reagan as an employee of GE.

    Countdown to the Centennial | Progress Reports | GE

    Wiki:
    The Ronald Reagan Presidential Foundation and GE announced March 17, 2010 a partnership supporting the two-year-long celebration for President Reagan's 100th birthday on February 6, 2011. GE, where Reagan hosted General Electric Theater and served as a goodwill ambassador from 1954 to 1962, will serve as the Presenting Sponsor of the historic Reagan Centennial Celebration. Before he was Governor of California, Ronald Reagan was a host, pitch man and even motivational speaker for General Electric.[34]
    GE's overall participation as Presenting Sponsor of the Ronald Reagan Centennial Celebration includes:
    $10 Million in the form of cash, advertising and promotion to support the Ronald Reagan Centennial Celebration, including funds to support the completely transformed, state-of-the-art Museum at the Reagan Library that will be unveiled on February 5, 2011. This will include a new General Electric Theater that will focus on Reagan's career in radio, television, and film.
    An additional $5 million to the Reagan Presidential Foundation to launch and support the GE-Reagan Scholars Program, an effort that will begin in 2011 and that will provide 200 four-year college scholarships over the next decade to "students who embody the vision and values personified by President Reagan."
    A donation from GE/NBC Universal to the Reagan Foundation of 208 restored episodes of General Electric Theater in which Ronald Reagan hosted or appeared from 1954-1962. The episodes, many of which were thought to be lost and some of which were damaged, were recently uncovered and restored to broadcast quality for purposes of the renovated Reagan Museum.
    An ad campaign and interactive Internet presence on GE's web site to promote the Centennial and celebrate Reagan's political career and time with GE.
    A series of public affairs lectures with Reagan-era luminaries that will focus on President Reagan's legacy.



    GE CEO Immelt Helps elect GOP majorities - more generous to Republicans



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
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  5. #55
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    Re: G.E.s Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by SheWolf View Post
    When Obama tried to let the Bush tax cuts expire, it was your party that fought against it like it was the end of the world....
    And they fail to mention that GE's MicroSoft, the MS in MSNBC donated $2M+ to GWB's campaign, and GE went all out for Reagan's Centennial celebration for Reagan, giving millions - and GE's CEO Immelt, head of NBC, contributed to support GOP candidates at the last election and gives more money to the Republican party!

    I guess that's just to throw us off that they like Democrats better, LOL!



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





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

    Quote Originally Posted by mertex View Post
    And they fail to mention that GE's MicroSoft, the MS in MSNBC donated $2M+ to GWB's campaign, and GE went all out for Reagan's Centennial celebration for Reagan, giving millions - and GE's CEO Immelt, head of NBC, contributed to support GOP candidates at the last election and gives more money to the Republican party!

    I guess that's just to throw us off that they like Democrats better, LOL!
    Does Microsoft have anything t do with MSNBC anymore?

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

    well...

    in retrospect, mr immelt appears a rather incongruous choice, to say the least, to chair obama's council on jobs and competitiveness

    ask charlie

    so much for THAT class war

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

    Quote Originally Posted by j-mac View Post
    Should you really be bitching about what America levy's as a corp. tax rate when your own Spain is lower than ours?
    j-mac
    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).
    PeteEU

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

    I certainly hope the USA closes all those looholes and insists those corporations pay up.


    We already have lower costs and therefore prices than our USA competitors but anything that drives up their costs even farther increases that advantage.

    .

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

    Quote Originally Posted by apdst View Post
    That's not true. I'm an American coporation and I pay out the ass.

    I wonder how many millions in payroll taxes G.E. paid. I know they didn't skip out of paying those.

    My biggest question, is how many of these tax breaks come from GE's production of wind generator equipment. I bet the Libbos won't touch that one.
    That is your problem.. as you clearly can see EXXON, GE and others pay NOTHING in the US.. so can you. Not our fault that you have ****ty tax advice and have not incorporated yourself in Delaware or overseas to avoid taxes.
    PeteEU

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