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[Bloomberg] Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion - Page 7

post #61 of 92
Quote:
Originally Posted by xoleras View Post

Its a free trade economy. There's nothing stopping them from moving to a different country, so its sort of a catch 22. Let's be frank here: all firms do this, and if you force their hand they will simply move to a different country with lower tax rates -- as free trade allows them to. What do you do? The problem lies elsewhere IMO. Firms didn't abuse tax laws during the 1980s, the current trends are just indicative of how messed up our current tax laws are.

No let's be frank here.

Only big companies do this...mean while the working class have to pay their full share of taxes, as do small businesses. This means that small businesses have an extreme disadvantage.

That's not right.
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post #62 of 92
Quote:
Originally Posted by xoleras View Post

As i've said before there is nothing that can be done about it; Free trade basically means that if you force firms to pay tax -- they will move to different countries. Nothing can be done in a free trade system.
Secondly, firms did not abuse tax loopholes in the 1980s. Perhaps we should study why the tax system worked so much better then. To be more specific, when creating a business there are two considerations: opportunity cost and incentive. Having the highest corporate tax rates in the world is a strong disincentive to business, and this especially hurts small business; I don't agree with our liberal leaders in that we should continually raise tax while spending money wildly on income redistribution programs. That is a normative policy in their view, but it isn't in the interest of a good economy.

actually the USA is like 17th, but don't let a good lie get in the way of the truth. Also in the 1980's the write offs and rates were scheduled that it made sitting on money painful.so everyone invested and spent.
post #63 of 92
Quote:
Originally Posted by Majin SSJ Eric View Post

Good for Google! Screw this greedy government's punitive taxation...

Exactly. God forbid we don't poor more tax money into pointless social programs for the ignorant and uneducated who could care less.
post #64 of 92
Quote:
Originally Posted by Blameless View Post

Taxation is fundamentally political.

not at all, there are revenues and expenditures, those are political, rates, types etc, those are not political, those are facts. Opinions are political. I do find OCN's political policys strange, as if you removed the words,nvidia,amd,intel from all the posts, it is largely a political discussion.
post #65 of 92
The only thing I've gotten from this thread with reactions to similar other threads;

Apple does it = BURN IT WITH FIRE!

Google does it = Oh well, every big company does it, no big deal.
post #66 of 92
if Google is evading taxes they should be audited by the IRS, and slapped with tons of fines and interest. people are loosing their houses to foreclosure and being audited, even AFTER filing bankruptcy the IRS tracks them down for amounts as measly as a few thousand dollars. these filthy corporations shouldn't be treated any differently.
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post #67 of 92
Quote:
Originally Posted by Shrak View Post

The only thing I've gotten from this thread with reactions to similar other threads;
Apple does it = BURN IT WITH FIRE!
Google does it = Oh well, every big company does it, no big deal.

Because their vision is completely different, Google tends to invest more in what geeks like.. And this is a geeksite..


EDIT: What bothers me is that just Google is in the title, someone is moving pieces backstage..
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post #68 of 92
Quote:
Originally Posted by IcedEarth View Post

No let's be frank here.
Only big companies do this...mean while the working class have to pay their full share of taxes, as do small businesses. This means that small businesses have an extreme disadvantage.
That's not right.

LOL. The "working class" meaning what income brackets? People use that term way too much without an actual measure. Give an actual measure. Anyway the top 1% in the US shoulder 30% of the taxes and the top 10% pay out 70% of the taxes while earning a 43% share of the income.
http://www.businessinsider.com/truth-about-taxes-12-12?op=1

As for businesses...social programs add a tax burden that actually hurts them more than the "big companies" as they don't have the means to spare in compliance and "keeping current" with laws. And no...big companies are not the only ones that seek to avoid taxes...plenty of aware small businesses do if it actually helps them. Why do people act like humans are altruistic?

Anyway...Google isn't doing anything "wrong". It is doing what is in it's best interest and the interest of its shareholders which may come as a shock but are indirectly(through pensions(if they still have them), retirement investments, banks funds, and so on etc.) the same people (aka "main street") who claim they're worse off by this tax dodging.

The problems are not (only) the well informed company and its actions but the uninterested, apathetic, and easy to manipulate consumers not actually controlling their own actions and demanding that someone else protect them when they didn't bother to think through their actions.
     
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post #69 of 92
Quote:
Originally Posted by Rookie1337 View Post

LOL. The "working class" meaning what income brackets? People use that term way too much without an actual measure. Give an actual measure. Anyway the top 1% in the US shoulder 30% of the taxes and the top 10% pay out 70% of the taxes while earning a 43% share of the income.
http://www.businessinsider.com/truth-about-taxes-12-12?op=1

Lets assume for a moment that is correct "it isn't" since they pay 70% of the income tax's only, which doesn't make up more then 40% of the total revenue of the federal government, pay 70% of 40% isn't much at the end of the day.
post #70 of 92
Quote:
Originally Posted by SCollins View Post

actually the USA is like 17th, but don't let a good lie get in the way of the truth. Also in the 1980's the write offs and rates were scheduled that it made sitting on money painful.so everyone invested and spent.
Which is the way it should be. we'd be alot better off today if that were the case, as more people would still have jobs and everyone would be happier.
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