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Old 07-16-2011, 11:04 PM
 
Location: Southcentral Kansas
44,882 posts, read 32,702,702 times
Reputation: 4269

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Quote:
Originally Posted by Savoir Faire View Post
A tax cheat is a tax cheat.

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.
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Old 07-16-2011, 11:08 PM
 
Location: mancos
7,773 posts, read 7,855,977 times
Reputation: 6571
Quote:
Originally Posted by Savoir Faire View Post
A tax cheat is a tax cheat.

I suppose you think it's ok for them to cheat because it's federal taxes and the federal gubiment is EVIL.

evading taxes is illegal avoiding taxes is legal
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Old 07-16-2011, 11:22 PM
 
29,409 posts, read 21,640,666 times
Reputation: 5450
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.
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Old 07-16-2011, 11:37 PM
 
6,014 posts, read 7,712,666 times
Reputation: 746
Quote:
Originally Posted by Savoir Faire View Post
A tax cheat is a tax cheat.

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
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Old 07-17-2011, 04:00 AM
 
Location: My little patch of Earth
6,193 posts, read 5,280,554 times
Reputation: 3058
As long as giving campaign contributions is less than paying taxes, this type of corporate subsidy system will continue.
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Old 07-17-2011, 04:22 AM
 
12,638 posts, read 8,756,109 times
Reputation: 7458
Quote:
Originally Posted by Savoir Faire View Post
Tax cheats have no right to complain about taxes. End of story. You obviously disagree, and that is your right.

Whether they are federal or state doesn't matter. A tax cheat is a tax cheat.
Yet, I'm sure all the tax cheats in Obama's cabinet don't bother you.

Obamalemmings.
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Old 07-17-2011, 05:34 AM
 
3,925 posts, read 3,953,765 times
Reputation: 1926
Quote:
Originally Posted by Savoir Faire View Post
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?
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Old 07-17-2011, 05:39 AM
 
Location: Indiana
2,046 posts, read 1,549,217 times
Reputation: 396
Quote:
Originally Posted by Savoir Faire View Post
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."

Caterpillar manager accuses company of 'tax dodge' - BusinessWeek

https://home.chicagobusiness.com/cli...WS05/110329893
I guess this is just an accusation, maybe this Schlicks guy is just mad at the company!
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Old 07-17-2011, 05:57 AM
 
14,255 posts, read 17,629,067 times
Reputation: 13807
Quote:
Originally Posted by cw30000 View Post
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?
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.
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Old 07-17-2011, 06:33 AM
 
56,130 posts, read 25,148,887 times
Reputation: 13515
Quote:
Originally Posted by Savoir Faire View Post
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."

Caterpillar manager accuses company of 'tax dodge' - BusinessWeek

https://home.chicagobusiness.com/cli...WS05/110329893
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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