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18 Of America's Biggest Companies Using Tax Havens To Skirt $92 Billion In U.S. Taxes: CTJ

Business  (tags: usa )

- 1274 days ago -
A Nike spokesperson declined to comment on the report. Microsoft and Apple didn't immediately return messages from The Huffington Post seeking comment.

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Kamia T (89)
Friday July 25, 2014, 12:28 pm
This is such garbage. As far as I'm concerned, you should pay takes on whatever you sell, wherever you sell it, and whatever your profits there, and the only "expenses" you should be able to deduct would be the ones spent in that country. That would even out the disparate wage rates from calling and production centers overseas. There is a solution, however. Just quit buying their junk.

j A (282)
Friday July 25, 2014, 1:33 pm
We need to implement the proposals that create disincentives for this kind of offshoring that were added to US tax code a couple decades ago.

. (0)
Saturday July 26, 2014, 8:28 am
When your own government isn't willing to institute the necessary legislature to repeal Delaware Kraft and reinstate Glass-Steagall; rich international corporations such as these will get away with piracy and tax evasion. They counted on our patriotism and human magnanimity for our fellow man when they justified globalism and outsourcing. The wealth was redistributed all right but it only enriched the international corporations who used the instant wage slave class existent in those developing nations.
It's the same as central banking or graduated income tax that was supposed to be discontinued after the war effort had ceased.

Roger G (154)
Saturday July 26, 2014, 10:30 am
noted, thanks

Birgit W (160)
Saturday July 26, 2014, 3:45 pm
Noted, thanks.

Nelson Baker (0)
Saturday July 26, 2014, 3:55 pm
Laws could be enacted to prevent this. I blame our politicians. Is there any chance corruption could be involved?

Lois Jordan (63)
Saturday July 26, 2014, 5:32 pm
Noted. Thanks for posting, Duke. From article: "If the companies brought that money home, they would pay combined more than $92 billion..."
This is due to loopholes.....which Congress could (easily) close. But, their Corporate Overlords obviously don't want THAT to happen. So, when did taxpaying constituents become invisible to their members of Congress? And, don't forget those awful TPP & TISA, which would give multi-national corporations free rein in continuing this terrible greed.

Maria Teresa Schollhorn (42)
Sunday July 27, 2014, 12:51 am
Noted. Thanks Duke.

june t (66)
Sunday July 27, 2014, 12:58 am
the largest companies seem to get away with everything.

Eternal Gardener (745)
Sunday July 27, 2014, 6:31 pm
What's new in this plutocracy we live in?

Julie W (32)
Monday July 28, 2014, 2:25 am
Just think what this amount of money could do to help the economy. Instead of socking it away, these companies could ensure that employees were paid a fair wage.

Freya H (361)
Tuesday July 29, 2014, 2:40 pm
Shame, shame, shame on them! That is why we need to purge Congress of Teapublicans who kiss up to the corporations - which are NOT people. We need to not just vote, but raise hell and get those damned loopholes plugged up for good.

Kathleen M (230)
Tuesday July 29, 2014, 6:30 pm
Noted. Thanks for posting, Duke. Corporations are acting like greedy moochers. If they're going for "personhood," they should have the sense to emulate better examples! Pitchforks and Torches, anyone?

Robert O (12)
Wednesday July 30, 2014, 9:51 am
And yet with this knowledge there are still some people out there pushing for corporate personhood. Thanks Duke.
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