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I suppose you think it's ok for them to cheat because it's federal taxes and the federal gubiment is EVIL.
I think that there is a huge difference between the two levels and you don't really get it. You are just trying to make the corporation look as bad as you can which is ok but using two distinctly different tax bases is not going to get you anywhere.
First off I've yet to see any evidence of any cheating other than a complaint. Secondly maybe one should read the link..........
"In January, the state’s General Assembly passed a Quinn-supported bill imposing a four-year increase in income taxes designed to reap $6.8 billion in added revenue and help the state balance its budget. The legislation raised the flat rate for personal income taxes to 5 percent from 3 percent and for corporate taxes to 7 percent from 4.8 percent. In 2015, both taxes are set to decline but remain above the prior rate."
Corp taxes raised and personal income taxes raised. This is what I've been saying for a while the US is not business friendly and is driving companies out of the country. At least Nebraska and South Dakota and Texas say come on over. They've already opened a plant in Texas and NC.
I suppose you think it's ok for them to cheat because it's federal taxes and the federal gubiment is EVIL.
thats what i be thinking....one minute they are ok with people cheating the federal govt the next they are against people cheating the fed govt esp if its something they are against, hmmph
What's worse is that they demoted a whistleblowing employee who exposed their tax dodging scheme.
The question is, why would they complain about higher taxes when they don't pay many of them in the first place????
"Daniel Schlicksup, who was a global tax strategy manager for the company from 2005 to 2008, alleges that the company wrongly attributed at least $5.6 billion in profits from sales through an Illinois-based warehouse to its unit in Switzerland in order to lessen its tax burden and increase earnings.
He claims Caterpillar reassigned him to another job after he complained about the practice."
How's it tax cheat?
If we have a system reward saver and hardworking, then there will be no shift income to over board. They do have to pay tax in Switzerland. Why do you think they want to give the Swiss money instead of the US?
What's worse is that they demoted a whistleblowing employee who exposed their tax dodging scheme.
The question is, why would they complain about higher taxes when they don't pay many of them in the first place????
"Daniel Schlicksup, who was a global tax strategy manager for the company from 2005 to 2008, alleges that the company wrongly attributed at least $5.6 billion in profits from sales through an Illinois-based warehouse to its unit in Switzerland in order to lessen its tax burden and increase earnings.
He claims Caterpillar reassigned him to another job after he complained about the practice."
If we have a system reward saver and hardworking, then there will be no shift income to over board. They do have to pay tax in Switzerland. Why do you think they want to give the Swiss money instead of the US?
First, there is not enough information to form an opinion as to whether they "evaded" or "avoided" tax.
Second, Switzerland and particularly the Canton of Geneva has very low corporation tax. That is why so many US Corps. have their European HQ and international treasury operations there ..... Caterpillar, Proctor & Gamble, RJR, etc. etc.
What's worse is that they demoted a whistleblowing employee who exposed their tax dodging scheme.
The question is, why would they complain about higher taxes when they don't pay many of them in the first place????
"Daniel Schlicksup, who was a global tax strategy manager for the company from 2005 to 2008, alleges that the company wrongly attributed at least $5.6 billion in profits from sales through an Illinois-based warehouse to its unit in Switzerland in order to lessen its tax burden and increase earnings.
He claims Caterpillar reassigned him to another job after he complained about the practice."
If this is known knowledge have the IRS gone after them? Have they been charged with any crime? Have they been convicted?
If the answer is no to ANY of these questions, you obviously are just wishful thinking and your hate shines through.
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