You paid more in taxes than America's largest corporation

[derf]

Originally Posted by Homeslice

What % of GE's global income was generated overseas?

They lost a few billion here in the US and made a few billion more than they lost overseas. Basically any money that they actually made as profit was generated overseas, and their overseas ventures propped up their US busineses.

[Homeslice]

Originally Posted by derf

They lost a few billion here in the US and made a few billion more than they lost overseas. Basically any money that they actually made as profit was generated overseas, and their overseas ventures propped up their US busineses.

And are 100% of those overseas operations able to operate without any help from people here in the US........kinda doubt it

Sick of GE.......they think their shit doesn't stink ever since Welch wrote that management book 15-20 years ago. And HR idiots from other companies ate it hook line and sinker.

[shmike]

Originally Posted by Homeslice

And are 100% of those overseas operations able to operate without any help from people here in the US........kinda doubt it

Sick of GE.......they think their shit doesn't stink ever since Welch wrote that management book 15-20 years ago. And HR idiots from other companies ate it hook line and sinker.

What does that matter?

If they have offices here, they pay real estate taxes.

If they have staff here, they pay payroll taxes.

If they made no money here, why would they pay income taxes here?

[smileyman]

Originally Posted by shmike

What does that matter?

If they have offices here, they pay real estate taxes.

If they have staff here, they pay payroll taxes.

If they made no money here, why would they pay income taxes here?

As a penalty for taking US income taxes and corporate profit away from the place where their products are sold? For selling out our countries long term for the sake of their short term profits? For taking US investment dollars and making other countries economies more viable than our own?

[goof2]

Originally Posted by smileyman

As a penalty for taking US income taxes and corporate profit away from the place where their products are sold? For selling out our countries long term for the sake of their short term profits? For taking US investment dollars and making other countries economies more viable than our own?

OK, so you want to punish them for avoiding some taxes by trying to make them pay more taxes? You realize there is nothing preventing these companies from moving everything they possibly can overseas including their headquarters, something most large American corporations have not done so far? You are seeing what they are doing about their current tax burden in this country. There is a pretty good chance they will take further steps if that tax burden is further increased.

[smileyman]

Originally Posted by goof2

OK, so you want to punish them for avoiding some taxes by trying to make them pay more taxes? You realize there is nothing preventing these companies from moving everything they possibly can overseas including their headquarters, something most large American corporations have not done so far? You are seeing what they are doing about their current tax burden in this country. There is a pretty good chance they will take further steps if that tax burden is further increased.

Good. Have them move. At least that way we can control their interest with appropriate tarriffs. Better than having them here buying elections with Supreme Court allowed P.A.C funds. Better than having our country controlled by corporate dollars instead of peoples votes...

[goof2]

Originally Posted by smileyman

Good. Have them move. At least that way we can control their interest with appropriate tarriffs. Better than having them here buying elections with Supreme Court allowed P.A.C funds. Better than having our country controlled by corporate dollars instead of peoples votes...

The problem is none of that would change. About the only differences would be employing fewer Americans in order to avoid higher taxes. If GE were to move their corporate headquarters to Switzerland, Bermuda, or the Cayman Islands you think they would stop lobbying for every benefit they can possibly get from the "Green Economy" government slop trough? You seem to have the idea that these corporations should operate as sort of philanthropic organizations. That doesn't work particularly well.

What you want, higher corporate taxes, results in the corporation avoiding them as much as possible while raising prices to offset the taxes they can't avoid. The majority of taxes a corporation is going to pay in America will come straight out of the pocket of an American who buys their product. If you want to see a benefit from a corporation's operations either go work for them or invest your money with them.