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Mighty G avoiding taxes

So sorry in advance for the DV Times style post!
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Google isn?t paying its taxes. The multi-billion dollar corporation has been under scrutiny for using shell companies in Bermuda, Ireland and elsewhere to shelter at least $33 billion of revenue.

It?s the same old story of a corporation avoiding taxes to maximize short-term profits and CEO pay-outs, while ordinary people are left to foot the bill for critical services -- our children?s schools, fire and police services, teachers, roads and hospitals -- which directly benefit the company.

This week Google?s shareholders are proposing a comprehensive tax policy at the shareholder meeting. If enough of us support them we could get Google to pay the $2 billion it owes in taxes around the world and ensure it complies with national laws that benefit Google?s customers, employees, suppliers and society as a whole.

Can you join Google?s brave shareholders and ask it to pay taxes?

Google is one of the most notorious multinational corporations exploiting cross-border tax loopholes across the world:

In the UK, Google only paid £11.6 million despite making a £5.5 billion profit, channeling its profits through Ireland to Bermuda where no taxes are levied.
In the US, Google has been investigated by US Senator Carl Levin for deferring taxes on over $24 billion of revenue.
In Italy, the company is being audited by the Tax Police for its tax avoidance strategies -- even its offices have been searched.
In France, Google's tax avoidance prompted the government to institute policies to prevent tax evasion by internet giants like Google.
Across the globe, cash-strapped governments are imposing austerity. Governments are cutting essential public services and corporate tax avoidance means ordinary people have to pay the price for massive profits being funnelled away into tax havens. What is more, tax avoidance severely exacerbates growing inequality around the world.

This shareholder season we are sucessfully mobilizing investors to hold corporations to account. We supported Kellogg's shareholders pressuring the company to report human right abuses; we have floodded Vanguard and Fidelity's facebook walls urging them to vote for Duke Energy to disclose political contributions; and we asked these big mutual funds to stop overpaying CEOs at fast food companies while workers make $9 an hour.

That is the power we have when we come together and we can do more -- we can get Google to pay its taxes.

Sign the petition at www.sumofus.org

Good for them!

Thank goodness SOMEONE is getting away with paying much lower taxes! Now if we could all follow suit and cut off the funding to governments that are using the money to line the pockets of their friends, pay people to regulate and spy on us, and start bullshit wars... The world would start to improve.

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Originally Posted by sperbonzo (Post 20070360)

But that won't happen, so it'll continue to be individuals and smaller businesses that don't have access to an army of lawyers and accountants to foot the bill. If multinationals want to make money here they should follow the rules like everyone else

"
This shareholder season we are sucessfully mobilizing investors to hold corporations to account. We supported Kellogg's shareholders pressuring the company to report human right abuses; we have floodded Vanguard and Fidelity's facebook walls urging them to vote for Duke Energy to disclose political contributions; and we asked these big mutual funds to stop overpaying CEOs at fast food companies while workers make $9 an hour. "

None of those compare to asking stockholders to make less money. Power stockholders are power stockholders for a reason, they aren't retarded.

The public will not stop the government from it's idiotic ways until the public really feels pain. They will not really feel pain until there is no money left. Then the rebuilding process can begin.

You mean I should not use every deduction available to me? Rats.

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Originally Posted by arock10 (Post 20070372)

They ARE following the rules. As are you when you take YOUR deductions.

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Revenue domicile and repatriation.

Change the tax laws but remember France's confiscatory income tax. How did that work out?

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Originally Posted by arock10 (Post 20070372)

Agreed.

I'm all for paying less tax but when large corps like google hide money it ends in the rest of us paying more than we should be!

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Originally Posted by sperbonzo (Post 20070393)

They ARE following the rules. As are you when you take YOUR deductions.

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would you not agree that what google is doing is out of reach for the average small business owner?

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Originally Posted by sperbonzo (Post 20070393)

They ARE following the rules. As are you when you take YOUR deductions.

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These large companies help write the fucking rules. The game is fixed

how many employees does Google pay $9 an hour?