U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
 
Old 04-16-2010, 09:17 PM
 
Location: Sierra Vista, AZ
15,951 posts, read 13,156,480 times
Reputation: 7756

Advertisements

Why isn't the TeaParty after Exxon et al. We could all pay less if they pay their share
Quick reply to this message

 
Old 04-16-2010, 09:22 PM
 
Location: Hoboken
19,891 posts, read 9,899,501 times
Reputation: 3115
What did MSNBC have to say about this?
Quick reply to this message
 
Old 04-16-2010, 11:03 PM
 
Location: Keonsha, Wisconsin
2,480 posts, read 1,924,069 times
Reputation: 554
Quote:
Originally Posted by DC at the Ridge View Post
7000 tax returns! Wow! And ends up with 0 tax liability.

GE: 7,000 tax returns, $0 U.S. tax bill - Apr. 16, 2010
Want to punish GE for all of their misdeeds? Don't buy GE products:
CleanUpGE.org | GE Misdeeds
Quick reply to this message
 
Old 04-16-2010, 11:37 PM
 
4,608 posts, read 5,229,827 times
Reputation: 1211
Quote:
Originally Posted by DC at the Ridge View Post
7000 tax returns! Wow! And ends up with 0 tax liability.

GE: 7,000 tax returns, $0 U.S. tax bill - Apr. 16, 2010
Hmmmm, How convenient....
Quick reply to this message
 
Old 04-16-2010, 11:52 PM
 
Location: Midwest
21,024 posts, read 9,414,908 times
Reputation: 4449
Quote:
Originally Posted by thecoalman View Post
Reference?

I guess we could surmise it's Obama's Fault? LOL


YouTube - GOP Fight To Keep Tax Loopholes For Big Business


YouTube - Shocking Truth About US Corporate Tax Rates
Quick reply to this message
 
Old 04-16-2010, 11:59 PM
 
Location: Great State of Texas
76,808 posts, read 38,643,358 times
Reputation: 19138
Over a year old..but very telling..GE doesn't care WHO is President or WHAT party they belong to.
They spend millions on lobbying each year..all to benefit themselves.

Immelt being on Obama's Recovery Board doesn't help..definitely a conflict of interest since GE got bailout money.

Obama€™s hidden bailout of General Electric | Washington Examiner (http://www.washingtonexaminer.com/politics/Obamas-hidden-bailout-of-General-Electric_03_04-40686707.html - broken link)

"In short, GE plans to get rich by being one of the government’s closest partners — which it has always been, thanks to its unmatched lobbying efforts."
Quick reply to this message
 
Old 04-17-2010, 01:28 AM
 
23,948 posts, read 19,104,008 times
Reputation: 8025
Quote:
Originally Posted by Boompa View Post
Why isn't the TeaParty after Exxon et al. We could all pay less if they pay their share
Your gas would go up. Companies don't pay taxes, they are just tax collectors.
Quick reply to this message
 
Old 04-17-2010, 07:14 AM
 
11,463 posts, read 8,674,680 times
Reputation: 5719
When Obama is booted from office in 2012 you can be sure he'll end up on GE's board of directors.
Quick reply to this message
 
Old 04-17-2010, 02:23 PM
 
Location: Jewel Lake (Sagle) Idaho
13,779 posts, read 6,922,874 times
Reputation: 6320
From the Forbes article:

Quote:
But it's the tax benefit of overseas operations that is the biggest reason why multinationals end up with lower tax rates than the rest of us. It only makes sense that multinationals "put costs in high-tax countries and profits in low-tax countries," says Scott Hodge, president of the Tax Foundation (http://topics.forbes.com/Tax%20Foundation - broken link). Those low-tax countries are almost anywhere but the U.S. "When you add in state taxes, the U.S. has the highest tax burden among industrialized countries," says Hodge. In contrast, China's rate is just 25%; Ireland's is 12.5%.
Corporations are getting smarter, not just about doing more business in low-tax countries, but in moving their more valuable assets there as well. That means setting up overseas subsidiaries, then transferring to them ownership of long-lived, often intangible but highly profitable assets, like patents and software.
Quick reply to this message
 
Old 04-17-2010, 02:31 PM
 
17,800 posts, read 7,624,333 times
Reputation: 4154
Quote:
Originally Posted by DC at the Ridge View Post
7000 tax returns! Wow! And ends up with 0 tax liability.

GE: 7,000 tax returns, $0 U.S. tax bill - Apr. 16, 2010
Now maybe people will see why its profitable for giant corporations to get in bed with the federal government and their Global Warming agenda, and it helps to have their CEO as an advisor to the president.

Quote:
Thanks to its deductions and adjustments, GE reported an actual U.S. federal income tax rate of negative 10.5%. It got to add a "tax benefit" of $1.1 billion back into its reported earnings.

"This is the first time in at least decades that GE has reported negative U.S. pretax income and it reflects the worst economy since the Great Depression," Anne Eisele, GE's director of financial communications, said via e-mail.
...and here I thought it was under republican presidents that the big corporations got rich.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $89,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

2005-2015, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top