Overclock.net › Forums › Industry News › Technology and Science News › [Bloomberg] Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion
New Posts  All Forums:Forum Nav:

[Bloomberg] Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion - Page 8

post #71 of 92
Quote:
Originally Posted by Wonky Sausage View Post

Loopholes aren't illegal. They're just wrong and need to be fixed. They're not abusing loppholes because they have good intentions.

Trying to keep the money you earned is not a good intention? So making money is bad?
post #72 of 92
Quote:
Originally Posted by Spartan117 View Post

Trying to keep the money you earned is not a good intention? So making money is bad?

Making money is not bad. Hoarding it in a foreign bank and not doing anything with it is bad.
post #73 of 92
How is that bad?
post #74 of 92
Quote:
Originally Posted by coachmark2 View Post

Quote:
Originally Posted by kiwiasian View Post

Google is not technically doing anything illegal

yessir.gif And honestly, if someone offered you a tax deduction wouldn't you take it? Seriously ponder that for a minute. If someone has a 100% free and LEGAL way to avoid paying taxes...why not?


Tax dodging only works if you're filthy rich. And in which case, oh hell yes you'd already know about the loop holes. This is why god made tax lawyers. biggrin.gif
The 3930
(26 items)
 
Junior's 3930
(22 items)
 
DATA/HTPC
(20 items)
 
  hide details  
Reply
The 3930
(26 items)
 
Junior's 3930
(22 items)
 
DATA/HTPC
(20 items)
 
  hide details  
Reply
post #75 of 92
Don't understand the hate. clearly there a huge multi billion dollar company for a reason. remember nice guys finish last ?
Ice/\/ine
(14 items)
 
Cummins™
(15 items)
 
 
CPUMotherboardGraphicsRAM
Intel i7 980x 4.8Ghz Evga X58 EVGA GTX 580 3GB SLI Corsair Dominator GT 12GB 
Hard DriveOptical DriveCoolingOS
OCZ Vertex 3 Asus DVD Burner H20 Windows 7 Pro x64 
MonitorKeyboardPowerCase
Samsung 40" LED 240hz 1080p Razer Black Widow Ultimate 2013 Corsair HX1000 Corsair 800D 
MouseMouse Pad
Razer Deathadder 2013 Razer 
CPUMotherboardGraphicsRAM
4770k Asus Z87 Sabertooth EVGA GTX 780 w/ ACX G Skill Ripjaws 8GB 1600mhz 
Hard DriveHard DriveCoolingOS
Samsung 840 Pro 256GB 1TB Seagate Barracuda  Corsair H100i Windows 8 Pro x64 
MonitorKeyboardPowerCase
Samsung 40" LED 240hz Razer Blackwidow ultimate 2013 Seasonic 750w fully modular gold NZXT Phantom 630 
MouseMouse PadAudio
Razer Deathadder 2013 Steelseries GW2 edition Asus DG Sound Card 
  hide details  
Reply
Ice/\/ine
(14 items)
 
Cummins™
(15 items)
 
 
CPUMotherboardGraphicsRAM
Intel i7 980x 4.8Ghz Evga X58 EVGA GTX 580 3GB SLI Corsair Dominator GT 12GB 
Hard DriveOptical DriveCoolingOS
OCZ Vertex 3 Asus DVD Burner H20 Windows 7 Pro x64 
MonitorKeyboardPowerCase
Samsung 40" LED 240hz 1080p Razer Black Widow Ultimate 2013 Corsair HX1000 Corsair 800D 
MouseMouse Pad
Razer Deathadder 2013 Razer 
CPUMotherboardGraphicsRAM
4770k Asus Z87 Sabertooth EVGA GTX 780 w/ ACX G Skill Ripjaws 8GB 1600mhz 
Hard DriveHard DriveCoolingOS
Samsung 840 Pro 256GB 1TB Seagate Barracuda  Corsair H100i Windows 8 Pro x64 
MonitorKeyboardPowerCase
Samsung 40" LED 240hz Razer Blackwidow ultimate 2013 Seasonic 750w fully modular gold NZXT Phantom 630 
MouseMouse PadAudio
Razer Deathadder 2013 Steelseries GW2 edition Asus DG Sound Card 
  hide details  
Reply
post #76 of 92
Quote:
Originally Posted by PR-Imagery View Post

How is that bad?
The top 50 US companies on the fortune 500's top 100 list (which had profits, a few did not) generated ~ $420 Billion in pure profits during the last year. Split up into $35,000 increments (which is plenty to live on) and that's enough to hire over 11 Million people. There would be no jobless rate.
Not to mention all these big CEO's that get $5-20Million bonuses every quarter. In today's economy, There is such a thing as having too much money.
If these companies invested even Half of what they pay to their boards towards things that would actually help, we wouldn't be in this mess.

Edit: also, hoarding money overseas causes the FED to "print" more money (because otherwise there would be a shortage of money, since they're hoarding it), further devaluing said money. Not that the fed wouldn't keep printing money anyways, but it doesn't help.
Edited by Nemesis158 - 12/12/12 at 1:27am
post #77 of 92
Quote:
Originally Posted by RallyMaster View Post

Well, business is business but yes, crooked companies are crooked.

Most businesses are crooked, at least here in the UK. From small, family ran businesses to larger companies - in some way or another they're doing something illegal like tax avoidance.

Those that don't, simply shut up shop after a while. I've seen enough of it first hand.
post #78 of 92
Quote:
Originally Posted by Thingamajig View Post

Most businesses are crooked, at least here in the UK.

How is this being "crooked"?

If you think that taking a deduction that is ALLOWED to you by law is being "crooked", then maybe you should change your quote to be ...

"Most people are crooked, at least here in on planet Earth."

... because EVERYONE takes tax deductions that are allowed to them by the law.
post #79 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.

The US IRS is starting to crack down on this sort of thing. They are actually out on the streets hunting down the small time individuals that hiding money off shore. Though they are just hiding it in bank accounts...not "legally" funneling the money into shell companies. I really wish that something would be done so that "investments in subsidiaries" would be a taxable action. However, I am pretty sure the corporations would never allow the government to do such.
My System
(16 items)
 
  
CPUMotherboardGraphicsGraphics
2600K @ 4.7GHz Asus P8P67 B3 GTX 580 EVGA Hydro Copper 2 GTX 580 EVGA  
RAMHard DriveOptical DriveOS
4x4GB G.Skill Ripjaws bunch of 'em Blu-Ray For movies Windows 8.1 
MonitorMonitorKeyboardPower
24.4" Hans G HH251 X2 Yamakasi DS270  Blah 1000watt Super Flower 
CaseMouseMouse PadAudio
Built into Desk Microsoft SideWinder X8 Comfy one... Creative Extreme Gamer 
  hide details  
Reply
My System
(16 items)
 
  
CPUMotherboardGraphicsGraphics
2600K @ 4.7GHz Asus P8P67 B3 GTX 580 EVGA Hydro Copper 2 GTX 580 EVGA  
RAMHard DriveOptical DriveOS
4x4GB G.Skill Ripjaws bunch of 'em Blu-Ray For movies Windows 8.1 
MonitorMonitorKeyboardPower
24.4" Hans G HH251 X2 Yamakasi DS270  Blah 1000watt Super Flower 
CaseMouseMouse PadAudio
Built into Desk Microsoft SideWinder X8 Comfy one... Creative Extreme Gamer 
  hide details  
Reply
post #80 of 92
Honestly Since when did people on the internet become so Morally right?
If you were given a choice between paying full tax, or getting tax deductibles just by doing a simple LEGAL thing, believe me...No one would pay more taxes on purpose, because everyone would want to save that money and get as many deductibles as possible, especially if its legal.
So all this talk about "OMG ITS MORALLY WRONG!" is just trying to seem something your not over the internet, because lets face it, in real life you would save money too if you could.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Technology and Science News
Overclock.net › Forums › Industry News › Technology and Science News › [Bloomberg] Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion