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[Bloomberg] Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion - Page 9

post #81 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.

Then you sir, obviously have completely skipped the part where most of the people had an actual economical discussion about the topic, where they clearly stated that every company does it, and that Apple doing is no different from Google.
But you sir..well..all I have to say is..fanboys will stay fanboys and post pointless replies.
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post #82 of 92
Quote:
Originally Posted by CyberWolf575 View Post

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.

Agreed...I do everything in my legal power to avoid paying anything I don't have to...including taxes.
I consider myself to be a Lawful Evil alignment devil.gif

So I certainly never blame any business for taking advantage of any system that is in place. I hate the game and not the player. The tax code needs to be reworked from the ground up.

The thing with this is that it is such obvious and visible loop hole that you'd think something would be done about it really fast...especially since we are talking about income tax on $10 billion dollars, but this sort of thing has been going on for a 100+ years.
Edited by Vagrant Storm - 12/12/12 at 7:11am
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post #83 of 92
As far as "Morals" go. I morally try to pay, as someone who makes six figures, the same amount (both in dollars and in rate) as someone who makes $15,000 ... in other words, nothing.

I am just as much an American Citizen as some other American Citizen, except I make more money than they do. I enjoy the same police, fire, and road services as they do, why should I have to pay more?

These are my "morals", and I find it "morally wrong" for people to pay different amount of taxes and yet get the exact same services.


(And no, this is not a political commentary, this is just an example of why any discussion of "morals" and "taxes" ... personal or corporate ... is just silly.)
post #84 of 92
Quote:
Originally Posted by 47 Knucklehead View Post

As far as "Morals" go. I morally try to pay, as someone who makes six figures, the same amount (both in dollars and in rate) as someone who makes $15,000 ... in other words, nothing.
I am just as much an American Citizen as some other American Citizen, except I make more money than they do. I enjoy the same police, fire, and road services as they do, why should I have to pay more?
These are my "morals", and I find it "morally wrong" for people to pay different amount of taxes and yet get the exact same services.
(And no, this is not a political commentary, this is just an example of why any discussion of "morals" and "taxes" ... personal or corporate ... is just silly.)

You're right, why should you... someone who can afford to live with spare income, pay for anything. When the guy who spends every last dollar he has to survive doesn't have too!
post #85 of 92
Willfully handing your money over to an incompetent and wasteful government is not "moral". Jesus what are they teaching kids in schools these days? Some of the posters in this thread sound like they come from N. Korea where children are taught every day about devotion to the state and how they can best serve "Dear Ruler"... rolleyes.gif
post #86 of 92
Quote:
Originally Posted by OwnedINC View Post

You're right, why should you... someone who can afford to live with spare income, pay for anything. When the guy who spends every last dollar he has to survive doesn't have too!

I think you missed the entire point of my post when it comes to "morals and taxes".
post #87 of 92
Quote:
Originally Posted by PR-Imagery View Post

Assuming there's actually a physical office with people working in them... what Google has done here is set-up a ghost; there's maybe one or two employees if any at all, hell they don't even need to actually be located in Bermuda - which is the case for many corporations that are head-quartered or run offices here, nothing more than an empty space and the absolute minimum to satisfy legal obligations for operation in the host country.

They will neither bring in large amounts of jobs (a few hundred is certainly better than nothing) or taxes because of tax breaks (their effective rate will be less than 1% initially), but the economic impact will be large. It is estimated that they will bring in $1bil to our economy over the course of the next 10 years, and will bring $100 million in during the construction phase alone. We certainly can use the help.
Quote:
Meanwhile, Applied Economics estimated the overall economic impact of the project to be $343 million, which includes up to 41 full-time jobs at the data center and 200 contract employees. About 580 construction jobs are planned for the project — an estimated $103 million economic impact on the region.

http://renomemo.rgj.com/apple-looking-to-open-facility-in-reno/
Edited by Wattser93 - 12/12/12 at 10:53am
 
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post #88 of 92
Quote:
Originally Posted by 47 Knucklehead View Post

As far as "Morals" go. I morally try to pay, as someone who makes six figures, the same amount (both in dollars and in rate) as someone who makes $15,000 ... in other words, nothing.
I am just as much an American Citizen as some other American Citizen, except I make more money than they do. I enjoy the same police, fire, and road services as they do, why should I have to pay more?
These are my "morals", and I find it "morally wrong" for people to pay different amount of taxes and yet get the exact same services.
(And no, this is not a political commentary, this is just an example of why any discussion of "morals" and "taxes" ... personal or corporate ... is just silly.)
So...if I'm reading this right, you think you should make six figures, yet pay roughly $1,800 in federal income tax? At the very most that's 1.8% of your income, whereas someone who makes $15k pays 15%. And unlike you, what that person making $15k pays in taxes likely has an effect on how well they eat every night.
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post #89 of 92
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Originally Posted by Drenlin View Post

So...if I'm reading this right, you think you should make six figures, yet pay roughly $1,800 in federal income tax? At the very most that's 1.8% of your income, whereas someone who makes $15k pays 15%. And unlike you, what that person making $15k pays in taxes likely has an effect on how well they eat every night.

Two things.

1) My post was just a silly example, and I as much posted such in the final line of it.
2) My post was made just to illustrate how "legislating morals" is even sillier than my post. What someone may consider "moral" and "just" *ISN'T* the same to another person.
post #90 of 92
CBA to read through everything, so here's my take. What Google, Starbucks and many net worth individuals are doing is 100% legal. They are simply taking full advantage of a given nation's tax laws, which no doubt were written by similar individuals' tax lawyers with the full blessing of the then-sitting government, and the only reason they have to do things like this is because their revenues far outweigh their costs; traditionally, corporations would simply spend the money on the business and not declare a profit - it's the profits which attract tax.

If anyone here was the Financial Director of any of these corporations it would be utterly remiss of you not to do the same - it would be your corporate duty to do so.

This whole situation is what I call "distraction p******s" (TOS-compliant edit) , designed to get individuals heated up and looking the other way while the economy slides into the sewer. This tax avoidaance has been going on for decades. Why crow about it now?
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