| Source: markcrispinmiller.com --- Saturday, October 29, 2011
Hi friend, Lately, Google has fallen short of its "Don't be evil" corporate motto. Lobbyists for the tech giant are pushing for a sweetheart deal that would let it move all of the money from its offshore tax havens back to the United States — and pay hardly any taxes when it gets here. But why should a company that recently reported $8.5 billion in profits be allowed to avoid its tax burden while the rest of us pay our share? Doesn't that sound just a little bit evil? Tell Google CEO Eric Schmidt to live up to his motto and stop avoiding taxes. Overall, corporations have stashed more than $1 trillion offshore in order to avoid U.S. taxes , and tech companies, including Google, are some of the biggest offenders. They argue this would help the economy, but the reality is, we've tried these so-called tax holidays before, and they don't work . In 2004, instead of boosting the economy, the 15 companies that brought the most money back cut 21,000 jobs and gave their executives a 60% raise. Ever since, they've tried to sell Congress on another holiday. Last year, the average American tax filer paid an extra $434 to cover the revenue shortfall — money that could feed a family of four for three weeks. And in this economy especially, we can ill afford to overlook this inequity. Tell Eric Schmidt: Google should pay its fair share in taxes. Sincerely, Andre Delattre U.S. PIRG Executive Director P.S. Thanks for your support. Please feel free ...
from Google http://www.rssmicro.com/?q=Google&f=0 |
No comments:
Post a Comment