Ya Bush and friends are real patriots alright.

[Zebo]

Corporate offshore tax dodges are symbolic of the corporate interests
driving the Bush administration and GOP in their ridiculous economic
policies. Every year, about $70 billion dollars in revenue are lost
from American corporations that have moved their corporate headquarters
or subsidiaries to places like Bermuda, and from wealthy individuals
moving their assets overseas.[2] To get a sense for the size of this
theft -- this is the size of ALL the state budget deficits that are
creating such pain around the nation through cutbacks in school
programs and other essential services.

It's not surprising that many of the worst tax-dodge offenders are
directly linked to the Bush administration and right-wing politicians,
through corporate patronage of family members, personal connections,
and lavish political contributions. Vice President Cheney's company,
Halliburton, is a leader in this kind of tax evasion, even as Cheney
himself continues to receive deferred compensation from the company.[3]

link1

"These companies enjoy America?s many freedoms but don?t want to pay
their fair share to support schools, law enforcement, and homeland
security. They desert the country for Bermuda?s beaches, even as our
young men and women are putting their lives on the line in Iraq?s
deserts," said author, syndicated columnist, and co-founder of The
Bermuda Project, Arianna Huffington. "They are cheating America, and
they are cheating every American taxpayer who plays by the rules."

Link to the Burmuda Project

 

[UltraQuiet]

They sound like smart business people to me.

 

[308nato]

Corporations don't want to pay for midnight basketball and gang tattoo removal any more than I do.

 

[jjones]

"They are cheating America, and they are cheating every American taxpayer who plays by the rules."

I'm not thrilled about it but how are they not playing by the rules? Maybe the rules need to be changed, not the corporations.

 

[Zebo]

Originally posted by: 308nato
Corporations don't want to pay for midnight basketball and gang tattoo removal any more than I do.

You can't be this naive, no one living and working here likes all the governmnet programs, but since we do live in a democracy where laws/spending/taxes are passed by our reps we owe an obligation to abide by the law and people will if we live, work and do business here. They are abdicating this responsiblity while enjoying all the benefits of America.

Sorry all these officers should be jailed just like you or I if we did'nt pay.

 

[308nato]

What exactly do they go to jail for ?

 

[jjones]

Originally posted by: 308nato
What exactly do they go to jail for ?

For daring to use legal tax loopholes?

 

[Bowfinger]

Originally posted by: 308nato
What exactly do they go to jail for ?

Tax evasion, of course. Just because they created a legal fiction to pretend they are in the Caribbean doesn't change the fact that they are really U.S. companies (or citizens as the case may be). If they don't pay their fair share of U.S. taxes, throw them in jail.

 

[sandorski]

Criticize Bush, you'z bad. Avoid taxes, you'z good. Now that we understand that all is good.

 

[przero]

Once and for all - corporations don't pay income tax, consumers do!

 

[Zebo]

Originally posted by: przero
Once and for all - corporations don't pay income tax, consumers do!

Once and for all - workers don't pay taxes, corporations do.

Circular resoning is fun.

 

[LunarRay]

Originally posted by: Carbonyl

Originally posted by: przero
Once and for all - corporations don't pay income tax, consumers do!

Once and for all - workers don't pay taxes, corporations do.

Circular resoning is fun.

Corporations pay 7% of the tax revenue collected in 2002.

 

[KenGr]

Originally posted by: HJD1

Originally posted by: Carbonyl

Originally posted by: przero
Once and for all - corporations don't pay income tax, consumers do!

Once and for all - workers don't pay taxes, corporations do.

Circular resoning is fun.

Corporations pay 7% of the tax revenue collected in 2002.

That's income tax (I thought it was 10% but it's all the same). However, businesses paid about 50% of the Social Security and Medicare, as well as a huge portion of the real estate and personal property taxes.

 

[Moonbeam]

Maybe the rules need to be changed, not the corporations.
----------------------------------------
The corporations make the rules. As long as money is speech the US will continue to sink into a morass.

 

[cpumaster]

well who can blame them (corporates)? with the way the stock market is sinking, they need every cents they could get from the loopholes....
For people who argue this is legal, maybe they're in the same boat as the big corp.
of course with the attention paid to terrorist threat, not to mention under direction of the wacky AG ashcroft, the law enforcements have even less time to catch the white collar crime...

 

[SuperTool]

GOP is all for preaching national security with one hand, and undermining our ability to pay for it with another.

 

[CADsortaGUY]

Originally posted by: SuperTool
GOP is all for preaching national security with one hand, and undermining our ability to pay for it with another.

The Dems are all of a sudden preaching "fiscal responsibility" regarding deficit spending, yet they do nothing to curb the spending and infact are proposing 80+ billion per year universal health care packages.

Hypocracy goes both ways

CkG

 

[tm37]

Originally posted by: Carbonyl

Originally posted by: przero
Once and for all - corporations don't pay income tax, consumers do!

Once and for all - workers don't pay taxes, corporations do.

Circular resoning is fun.

yes but only when it is based in fact.

The FACT is that when you buy a product or service from a corperation YOU are also paying the tax.

Corperations use the profits to pay the tax. If you raise corperate tax prices rise you get less for your money and YOU see the tax hike.

 

[sMiLeYz]

Originally posted by: CADkindaGUY

Originally posted by: SuperTool
GOP is all for preaching national security with one hand, and undermining our ability to pay for it with another.

The Dems are all of a sudden preaching "fiscal responsibility" regarding deficit spending, yet they do nothing to curb the spending and infact are proposing 80+ billion per year universal health care packages.

Hypocracy goes both ways

CkG

You could pay the 80 million Health care plan 2 times over with the money Bush spent in his little adventure in Iraq.

 

[CADsortaGUY]

Originally posted by: sMiLeYz

Originally posted by: CADkindaGUY

Originally posted by: SuperTool
GOP is all for preaching national security with one hand, and undermining our ability to pay for it with another.

The Dems are all of a sudden preaching "fiscal responsibility" regarding deficit spending, yet they do nothing to curb the spending and infact are proposing 80+ billion per year universal health care packages.

Hypocracy goes both ways

CkG

You could pay the 80 million Health care plan 2 times over with the money Bush spent in his little adventure in Iraq.

Care to try again?

CkG

 

[zephyrprime]

Basing the taxing of corporations on their supposed "base" is silly. The fact is companies can span states and/or nations so localizing them to one particular state is silly. They should be taxed based on how much profit they make off selling their goods and services within the US.

But transiting to such a system would be difficult because no other nations do it this way and if one nation were to do it alone, then some companies would be double taxed within that one nation and escape taxes entirely in other nations.

I don't blame the corporates for doing what they do since it's legal. I blame the politicians for being so spineless. And by the way, there is a law that says business actions performed with no buniness merit but only to dodge taxes are illegal.

 

[konichiwa]

Originally posted by: Ultra Quiet
They sound like smart business people to me.

So tax dodgers and corporations who make their own (illegal) decisions based on the government's tax programs are "smart" businessmen, while people who buy French products are anti-US?

Hah

 

[UltraQuiet]

Originally posted by: konichiwa

Originally posted by: Ultra Quiet
They sound like smart business people to me.

So tax dodgers and corporations who make their own (illegal) decisions based on the government's tax programs are "smart" businessmen, while people who buy French products are anti-US?

Hah

What kind of jizz spittle is coming out of your ballwasher now? Corporate officers who do illegal things are crooks. Corps. who take advantage of every legal tax loophole to increase their bottom line are smart business people. See the difference fscktard? What I would prefer they did and what is legal are two different things. As far as French products are concerned I have never said that anyone who buys them is anti-US.

 

[Ferocious]

That's what happens when people vote Republican blindly.

The modern Republican party works in these type of loopholes into legislation to indirectly help their future campaigns.

Democrats aren't much better either.

 

[drewshin]

avoiding taxes is fine because it's "good business sense", but moving factories based in the u.s. to mexico or southeast asia is bad bad bad -according to some here on this forum (why is that not also good business sense?).