08-08-2011, 10:44 PM
Your company is not the sort I am talking about. I am talking of GE, Google, Microsoft, Intel that actively pursue paying little or no taxes by incorporating in, say, Bermuda (as in Google's case). These companies make hundred of millions in profit that was made, by and large, on US soil (I knot there is no "soil" on the internet, yet Google claims a presence in Bermuda and pays no taxes on money "made" there, which is substantial).
I say if a company that makes its money on US soil, they pay takes on said money. GE alone had billions in PROFIT, yet have a substantial presence in the US, and they did not pay a dime. I do not point the finger at them, I point it at whatever crazy loophole that they use to evade taxes (there is no other word for this, but evasion). THAT needs to be closed and pronto.
Good for your company, but I am strictly talking about those who are gaming the system, and there are many.
I say if a company that makes its money on US soil, they pay takes on said money. GE alone had billions in PROFIT, yet have a substantial presence in the US, and they did not pay a dime. I do not point the finger at them, I point it at whatever crazy loophole that they use to evade taxes (there is no other word for this, but evasion). THAT needs to be closed and pronto.
Good for your company, but I am strictly talking about those who are gaming the system, and there are many.