Metal Sludge Gossip Board

GOOGLE PAYS ONLY 2.4% TAX RATE; 'INCOME SHIFTING' ROBS GOV'T OF $60B...

GOOGLE gave 75% of contribs to Dems...

How very innnnnnnnnteresting!

I mean, there are two Darrin Stevenses, right? Dick York and Dick Sargent. Yeah, right, as if we wouldn't notice. Oh hold on: Dick York, Dick Sargent, Sergeant York... Wow, that's weird.

A coincidence, you might say... or is it?

There's one big business giving $$$ to Dems? Holy shit!

Skate4RnR wrote:There's one big business giving $$$ to Dems? Holy shit!

That business didn't, in fine liberal vernacular, "pay their fair share".

Cliffenstein wrote:GOOGLE PAYS ONLY 2.4% TAX RATE; 'INCOME SHIFTING' ROBS GOV'T OF $60B...

GOOGLE gave 75% of contribs to Dems...

How very innnnnnnnnteresting!

Cum Hoc, Ergo Propter Hoc

After news of Google tax dodges, Obama raises money with Google execs
Byron York / Washington Examiner / October 22, 2010

On the day it was reported that Google uses income shifting techniques known by such arcane names as the "Double Irish" and the "Dutch Sandwich" to avoid paying taxes on its foreign profits, President Obama attended an intimate, high-dollar fundraiser at the Palo Alto, California home of a top Google executive. He didn't mention Google's tax tricks, according to a White House transcript of his remarks.

The Democratic fundraiser, which guests each paid $30,400 to attend, was at the home of Marissa Mayer, one of Google's best-known executives. At the lavish home, which was "decked out in Halloween decorations on steroids," according to a White House pool report, Obama spoke briefly and had nothing but praise for Google. He spoke fondly of his first visit to the company when he was an Illinois state senator. And of his work as president dealing with the recession, he said, "My task over the last two years hasn't just been to stop the bleeding. My task has also been to try to figure out how do we address some of the structural problems in the economy that have prevented more Googles from being created..." (Although founded in the 1990s, Google went public and prospered enormously in the years that Obama and his fellow Democrats characterize as an economic disaster.)

Google, according to a report by Bloomberg News, has used paper transactions to shift $3.1 billion of its income to Bermuda and other low-tax havens in recent years. The company's aggressive use of such tax dodges has reduced its overseas tax rate to just 2.4 percent. Although the practice is common, Google "has cut its effective tax rate abroad more than its peers in the technology sector," Bloomberg reports. "Such income shifting costs the U.S. government as much as $60 billion in annual revenue."

In the past, Obama has been sharply critical of companies that move their income around the globe to avoid paying taxes. But with Google, whose employees give an estimated 75 percent of their political contributions to Democrats -- well, the president didn't have much to say about taxes.

Cliffenstein wrote:After news of Google tax dodges, Obama raises money with Google execs
Byron York / Washington Examiner / October 22, 2010

On the day it was reported that Google uses income shifting techniques known by such arcane names as the "Double Irish" and the "Dutch Sandwich" to avoid paying taxes on its foreign profits, President Obama attended an intimate, high-dollar fundraiser at the Palo Alto, California home of a top Google executive. He didn't mention Google's tax tricks, according to a White House transcript of his remarks.

The Democratic fundraiser, which guests each paid $30,400 to attend, was at the home of Marissa Mayer, one of Google's best-known executives. At the lavish home, which was "decked out in Halloween decorations on steroids," according to a White House pool report, Obama spoke briefly and had nothing but praise for Google. He spoke fondly of his first visit to the company when he was an Illinois state senator. And of his work as president dealing with the recession, he said, "My task over the last two years hasn't just been to stop the bleeding. My task has also been to try to figure out how do we address some of the structural problems in the economy that have prevented more Googles from being created..." (Although founded in the 1990s, Google went public and prospered enormously in the years that Obama and his fellow Democrats characterize as an economic disaster.)

Google, according to a report by Bloomberg News, has used paper transactions to shift $3.1 billion of its income to Bermuda and other low-tax havens in recent years. The company's aggressive use of such tax dodges has reduced its overseas tax rate to just 2.4 percent. Although the practice is common, Google "has cut its effective tax rate abroad more than its peers in the technology sector," Bloomberg reports. "Such income shifting costs the U.S. government as much as $60 billion in annual revenue."

In the past, Obama has been sharply critical of companies that move their income around the globe to avoid paying taxes. But with Google, whose employees give an estimated 75 percent of their political contributions to Democrats -- well, the president didn't have much to say about taxes.

Only poor people pay taxes.

Do you want them to be burdened with more taxes?

Isn't this what you two, as Republicans, want? These are corporations paying less taxes so they can be more profitable. This will result in them being able to reduce prices to their customers, purchase more goods and services from their suppliers and hire more employees, thereby stimulating the economy. Right?

MasterOfMeatPuppets wrote:Do you want them to be burdened with more taxes?

Isn't this what you two, as Republicans, want? These are corporations paying less taxes so they can be more profitable. This will result in them being able to reduce prices to their customers, purchase more goods and services from their suppliers and hire more employees, thereby stimulating the economy. Right?

Do you really not understand that the point you're trying to make is not remotely relevant to the point we're trying to make?

HINT: Hypocrisy and Corruption

Cliffenstein wrote:

MasterOfMeatPuppets wrote:Do you want them to be burdened with more taxes?

Isn't this what you two, as Republicans, want? These are corporations paying less taxes so they can be more profitable. This will result in them being able to reduce prices to their customers, purchase more goods and services from their suppliers and hire more employees, thereby stimulating the economy. Right?

Do you really not understand that the point you're trying to make is not remotely relevant to the point we're trying to make?

HINT: Hypocrisy and Corruption

Is there proof of corruption?

I'm well aware of the point you are trying to make. It is based on a fallacious argument. I could post dozens of links concerning oil company largess to the GOP and dozens of links documenting the steady rise of oil and gasoline prices under the previous Republican administration to suggest quid pro quo, just as you suggest with your links. Like you, I would be the recipient of well deserved scorn and ridicule for shitty logic. The double Irish tax shuffle has been played for years. Had McCain been elected, Google, Microsoft and the others would still be playing the game. The only difference would be so-called conservatives like you and NeverMomma defending the practice.

Hahahahahaah...awesome! Head firmly in the sand...I understand.

Cliffenstein wrote:Hahahahahaah...awesome! Head firmly in the sand...I understand.