I am no financial wizard but what does it mean when a coporation earns money? It goes a lot of places I guess but it seems most of the money would go to stock holders who would then pay taxes on their capital gains and dividends and what not. Sure their are bonuses being paid to employees but those are taxable as income tax for somebody. There is also investment in infrastructure and improvements for the company. I mean this isn't some hunk of money just sitting in the secret basement of some CEO. Somebody help me because it seems like the writers of the article are treating it like somebody's salary or am I wrong.
"When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf
By definition global corporations have no allegiance to nation states, they only have allegiance to their shareholders. There is a built in conflict between global corporations and the United States of America, by definition global corporations are un-American.
Capitalism would never have allowed the bailout of the banks and socializing of the losses while gains are privatized.
The corporations are the radicals and we want our country back.
These hack job "studies" are always debunked by less partisan sources as being misleading at best. Often they simply make glaring errors in their reporting due to a lack of understanding accounting, or leave out facts such as a corporation might pay a very large sum in foreign taxes, but because of legal U.S. tax treaties, don't double pay to the U.S., and thus avoid "U.S. federal taxes", but they do pay a lot in taxes. That's part of treaty negotiations, governments use tax benefits to encourage growth in their trade-partner ally. Hardly a corporations issue, even if one tries to classify normal operations of government an issue.
1) using audited financial statements they ignored legitimate business expenses to recast each company's earnings into positive territory
2) they made pedestrian assumptions regarding each company's domestic versus foreign earnings
3) then they compared the each company's tax expense to a fictitious earnings calculation
4) then they claimed these companies didn't pay much in taxes.
5) they also excluded from the analyses the actual results of thousands of publicly traded companies. Gee I wonder why they did that?
Reading the liberal drivel in the text of the report highlights the authors' lack of objectivity.
I love the smell of burning moonbat in the morning.
Anyone have the write off of losses in 2008 available for comparison? Bet it makes an impact in why this was done for 3 years.
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump