UK Announces 'Google Tax'

[Domingo Halliburton]

Add a zero to that and I've heard its twice that amount.

well don't take my word for it:

U.S. companies that have already carried outinversions are likely to cost the government a record $2.2 billion or more in lost tax revenuenext year, double the amount in 2014, according to calculations based on companies’ financial results.

That doesn’t include the impact of companies that shift their legal addresses abroad in the future, which one Congressional study pegged at about $2 billion a year over the next decade. Since the first inversion in 1982, the deals have cost more than $9.8 billion in inflation-adjusted dollars, the calculations based on data compiled by Bloomberg show.

http://www.bloomberg.com/news/2014-...ophole-targeted-by-obama-costs-2-billion.html

 

[☑︎#VoteDemocrat]

well don't take my word for it:



http://www.bloomberg.com/news/2014-...ophole-targeted-by-obama-costs-2-billion.html

I've heard different: http://www.reuters.com/article/2014/09/24/usa-tax-inversionqa-idUSL2N0RO2Z420140924

 

[DEAD7]

I've heard different: http://www.reuters.com/article/2014/09/24/usa-tax-inversionqa-idUSL2N0RO2Z420140924

The move keeps more money inside the company's coffers and outside of the tax base - to the tune of as much as $20 billion over the next decade

WPOTY

edit: lemme save you from further embarrassment thats 2b a year...

 

[☑︎#VoteDemocrat]

WPOTY

edit: lemme save you from further embarrassment thats 2b a year...

AT CURRENT LEVELS...thats based on present numbers, not for the growth of these business moves.

That means its becoming more popular and could easily go to 10x that amount:
https://www.americanprogress.org/is.../25/97827/the-skinny-on-corporate-inversions/

 

[Xtraz2]

Apple is the biggest corporate tax payer in the US

Of course they are, they also make tha most revenue in tha US

wut wuz tha point of your post?

 

[Domingo Halliburton]

Of course they are, they also make tha most revenue in tha US

wut wuz tha point of your post?

nope. exxon, chevron, and wal mart all make more in revenues. berkshire hathaway is tied with them. if you want to go by profit (which is what you pay taxes on) exxon still would beat them.

my point "wuz" that you're bytching about apple avoiding taxes when there are worse companies out there.

 

[Domingo Halliburton]

at the end of the day you, me and every company has the right to pay as little taxes as possible. direct your anger at the idiots in congress who writes these stupid tax laws in the first place.

 

[Xtraz2]

nope. exxon, chevron, and wal mart all make more in revenues. berkshire hathaway is tied with them. if you want to go by profit (which is what you pay taxes on) exxon still would beat them.

my point "wuz" that you're bytching about apple avoiding taxes when there are worse companies out there.

Oh ok thanks for that fact, it's still irrelevant to the point I was trying to make

 

[Xtraz2]

at the end of the day you, me and every company has the right to pay as little taxes as possible. direct your anger at the idiots in congress who writes these stupid tax laws in the first place.

tha common person duznt have tha luxury of accounting overseas

those companies and congress are in it together, I'm taking my anger out on both of them

it's simply greed, nothing more nothing less

now quit being a smart ass and go do something productive, take your freind with you

 

[newarkhiphop]

Killing jobs in their own countries.

Like google is going to sit around and take a 30% tax on the chin LMAO

This right here


wait til goog set lays down the hand on them

 

[TLR Is Mental Poison]

Make business in America less attractive, for no gain Seems legit.

Google wouldnt exist without America and cant operate without a base in America.

I think corporate taxes are too high, but I dont think the appropriate response to that is to hide income.

 

[88m3]

yeah, I don't find anything redeemable about these companies dodging their taxes

 

[babylon1]

how much cash is google sitting on? that shyt is collecting dust in bank vaults when it should be in our hands. this is why capitalism is failing

 

[tmonster]

Ok, lets be clear...
Are you saying that companies with "economic activity" overseas, pay no taxes what so ever?
Cause I'm saying that they do, and what they pay is enough IMO...

source?

 

[tmonster]

Apple is the biggest corporate tax payer in the US

what does that mean?