Report Finds Major U.S. Companies Have Offshore Tax Havens

[ghwk]

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

What kind of horsepucky is this?? The buggers tighten the credit and dispersal of the money they've been lent specifically for the purpose of dispersal then they shelter themselves via tax lopholes (that they were probably integral in lobbying for but I have no fact behind that statment) to aviod thier tax obligations. Where's Clint Eastwood when you need him?

I know the practice isn't new but for the companies that have taken bailout money it totally pisses me off.

[mosca]

Another reason why these bailouts are bull****.

[spdirty]

why arent these ****ers getting indicted?

[cutthemdown]

I don't think it's illegal to have an offshore tax haven. That's why they say they want to change the laws to close loopholes the use to make this type of thing fall into a legal gray area.

For sure these companies need to pay there fair share of taxes.

[defenseman]

Originally Posted by cutthemdown

I don't think it's illegal to have an offshore tax haven. That's why they say they want to change the laws to close loopholes the use to make this type of thing fall into a legal gray area.

For sure these companies need to pay there fair share of taxes.

And prices will RISE to cover those taxes, so the cost is passed on to the consumer. This will be the end result of closing loopholes. Taxes, et al......need to go down....not up...dman

[Spider]

Originally Posted by ghwk

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

What kind of horsepucky is this?? The buggers tighten the credit and dispersal of the money they've been lent specifically for the purpose of dispersal then they shelter themselves via tax lopholes (that they were probably integral in lobbying for but I have no fact behind that statment) to aviod thier tax obligations. Where's Clint Eastwood when you need him?

I know the practice isn't new but for the companies that have taken bailout money it totally pisses me off.

yes this is an extreme example meanwhile smaller companies take it up the ass , the bailouts needed stiff stipulations put on them and enforced , no doubt , and D man some loopholes ( like tax credit to companies that offer Health insurance , employ x amount of people etc) , need to stay open

[mosca]

Originally Posted by defenseman

And prices will RISE to cover those taxes, so the cost is passed on to the consumer. This will be the end result of closing loopholes. Taxes, et al......need to go down....not up...dman

AIG, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley are gonna raise prices on what exactly? The same crappy investments they've been peddling this whole time?

As for actual brick 'n mortar companies like Pepsi or Kraft Foods, maybe if they have to raise prices then some of our REAL domestic companies like mom 'n pop stores and family-owned businesses will actually be able to compete and won't be price-gouged out of business.

[baja]

I think that is one good thing that will rise up out of this mess, a more localized economy.

[alkemical]

Originally Posted by baja

I think that is one good thing that will rise up out of this mess, a more localized economy.

Baja,

I've actually gotten several of my friends to put their money into co-ops and locally grown meats as well.

They decided that after i made my pitch, keeping important things like food, local was indeed a responsibility of where they spend their $.

[Garcia Bronco]

Another reason why we need to scrap our tax code from top to bottom.