Linked by Thom Holwerda on Sun 29th Apr 2012 12:22 UTC
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Member since:
2007-04-13
The best part was the morality question. Companies (it's managers) do not have any morals. It is clear to me that management thinks they deserve 100x or more the average workers pay. They think they deserve a bonus to loose money. Why would they care about how taxes are avoided. There is a fine line between legal evasion and avoidance. An aggressive company could keep the IRS away for 50 years. In the mean time they could pocket the profits until it was time to settle.
I work and have worked for decades. I have paid my fair share of taxes both local and Federal taxes. I have known about these cheats to the system for a long time. But it sure does burn me up that some companies like GE get by with no taxes.
Even a flat tax wouldn't fix it. The other countries would side step it like Luxembourg.
Even countries like Singapore who harbor drug money have rules to avoid disclosure of monies.