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Author Topic: Guess which major American manufacturer paid ZERO taxes??  (Read 444 times)

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Offline powderman

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Guess which major American manufacturer paid ZERO taxes??
« on: March 26, 2011, 06:53:42 PM »
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http://www.theblaze.com/stories/guess-which-company-paid-0-in-taxes-on-14-2-billion-in-profits-hint-its-ceo-works-for-obama/



Sources say that GE paid no tax on 14.2 $ Billion in profits. Another of the obaminations friends. POWDERMAN.  >:( >:( >:( >:( >:( >:(
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Offline Conan The Librarian

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #1 on: March 27, 2011, 05:05:01 AM »
I don't blame the companies that do this. Virtually all multinationals do this. The problem is US tax policy, which is very unattractive to business. Imagine what investment in the US would be if our corporate taxes were like the rates in commercial magnet countries!
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Offline saddlebum

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #2 on: March 27, 2011, 06:11:32 AM »
It pays to be Obama's friend. That is if you have the stomach for it and have no conscience.
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Offline magooch

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #3 on: March 27, 2011, 07:16:51 AM »
So, is this a case of corporate welfare that the Dumycrats are always bitching about?
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Offline PowPow

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #4 on: March 27, 2011, 07:33:29 AM »
Sounds like GE's accounting folks are doing their job to maximize profits.
The goal of every publicly traded corporation should be to maximize shareholder value, which includes paying as few taxes as legally required.
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Offline Conan The Librarian

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #5 on: March 27, 2011, 07:36:34 AM »
It's a rational response to an adversarial tax system. Microsoft does it too. They pay taxes in Ireland. GE also pays taxes. The story probably leaves out what country they pay taxes to. It's just like ocean going cruise ships. Ever seen one registered in the US? Heck no, they'll register wherever they can get the best terms. Most cruise ships are registered in panama, Liberia, or the bahamas. Makes perfect sense. No high US taxes, plus no need to observe US labor laws.

Anybody who shops around to get a good deal should not be complaining about this.
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Offline nomosendero

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #6 on: March 27, 2011, 08:22:00 AM »
Quote from: magooch on March 27, 2011, 07:16:51 AM
So, is this a case of corporate welfare that the Dumycrats are always bitching about?

It is not a problem if it is someone promoting their agenda, just make sure other corporations pay & individuals.
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Offline Lost Farmboy

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #7 on: March 27, 2011, 09:56:21 AM »
Powderman I thought it would be GM. You know that Government Motors company that Obama recently sold off a big piece to China. 
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Offline powderman

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Re: Guess which major American manufacturer paid ZERO taxes??
« Reply #8 on: March 27, 2011, 04:56:07 PM »
Quote from: Lost Farmboy on March 27, 2011, 09:56:21 AM
Powderman I thought it would be GM. You know that Government Motors company that Obama recently sold off a big piece to China.



LOST FARMBOY. I did too, ge shocked me. POWDERMAN.  :o :o
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Mr. Charles Glenn “Charlie” Nelson, age 73, of Payneville, KY passed away Thursday, October 14, 2021 at his residence. RIP Charlie, we'll will all miss you. GB

Only half the people leave an abortion clinic alive.
http://www.youtube.com/watch?v=MAiOEV0v2RM
What part of ILLEGAL is so hard to understand???
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http://www.thereligionofpeace.com/
http://www.youtube.com/watch?v=TDqmy1cSqgo
http://www.youtube.com/watch?v=_u9kieqGppE&feature=related
http://www.illinois.gov/gov/contactthegovernor.cfm
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