NPR: “Offshore Tax Havens”

[SK in CV]

Brian, you’re arguing a claim that was never made. The claim was that the financial crash is the primary cause of the pension crisis. This is fact. It is inarguable. If not but for the financial crash, there would be no pension crisis. The end.

That is not the same as “blame it on wall street”.

[Arraya]

http://www.zerohedge.com/article/ges-pathological-atavism-paying-taxes
In today’s NYT, in a surprising critique of the company that is the right arm of Obama’s administration, there is finally an extensive focus piece on how GE, which made $14.2 billion in 2010 ($5.1 billion of which came from the US), paid, wait for it, zero taxes in 2010. NYT summarizes this odd quandary as follows: “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well.

[Arraya]

http://www.zerohedge.com/article/ges-pathological-atavism-paying-taxes
In today’s NYT, in a surprising critique of the company that is the right arm of Obama’s administration, there is finally an extensive focus piece on how GE, which made $14.2 billion in 2010 ($5.1 billion of which came from the US), paid, wait for it, zero taxes in 2010. NYT summarizes this odd quandary as follows: “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well.

[Arraya]

http://www.zerohedge.com/article/ges-pathological-atavism-paying-taxes
In today’s NYT, in a surprising critique of the company that is the right arm of Obama’s administration, there is finally an extensive focus piece on how GE, which made $14.2 billion in 2010 ($5.1 billion of which came from the US), paid, wait for it, zero taxes in 2010. NYT summarizes this odd quandary as follows: “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well.

[Arraya]

http://www.zerohedge.com/article/ges-pathological-atavism-paying-taxes
In today’s NYT, in a surprising critique of the company that is the right arm of Obama’s administration, there is finally an extensive focus piece on how GE, which made $14.2 billion in 2010 ($5.1 billion of which came from the US), paid, wait for it, zero taxes in 2010. NYT summarizes this odd quandary as follows: “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well.

[Arraya]

http://www.zerohedge.com/article/ges-pathological-atavism-paying-taxes
In today’s NYT, in a surprising critique of the company that is the right arm of Obama’s administration, there is finally an extensive focus piece on how GE, which made $14.2 billion in 2010 ($5.1 billion of which came from the US), paid, wait for it, zero taxes in 2010. NYT summarizes this odd quandary as follows: “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well.

[briansd1]

yes, Arraya, I read that article too.

[briansd1]

yes, Arraya, I read that article too.

[briansd1]

yes, Arraya, I read that article too.

[briansd1]

yes, Arraya, I read that article too.

[briansd1]

yes, Arraya, I read that article too.

[briansd1]

[quote=SK in CV]Brian, you’re arguing a claim that was never made. The claim was that the financial crash is the primary cause of the pension crisis. This is fact. It is inarguable. If not but for the financial crash, there would be no pension crisis. The end.

That is not the same as “blame it on wall street”.[/quote]

Ok, I can accept that.

If not for the housing collapse, there wouldnt’ve been a financial crash. There wouldn’t be all the foreclosures because homeowners would be able to sell their houses for profit, even if they couldn’t service their mortgages.

I guess Wall Street could claim that their financial crash was caused by homeowners who didn’t pay their bills. If only homeowners continued to service their mortgages, we’d all be sitting pretty.

[briansd1]

[quote=SK in CV]Brian, you’re arguing a claim that was never made. The claim was that the financial crash is the primary cause of the pension crisis. This is fact. It is inarguable. If not but for the financial crash, there would be no pension crisis. The end.

That is not the same as “blame it on wall street”.[/quote]

Ok, I can accept that.

If not for the housing collapse, there wouldnt’ve been a financial crash. There wouldn’t be all the foreclosures because homeowners would be able to sell their houses for profit, even if they couldn’t service their mortgages.

I guess Wall Street could claim that their financial crash was caused by homeowners who didn’t pay their bills. If only homeowners continued to service their mortgages, we’d all be sitting pretty.

[briansd1]

[quote=SK in CV]Brian, you’re arguing a claim that was never made. The claim was that the financial crash is the primary cause of the pension crisis. This is fact. It is inarguable. If not but for the financial crash, there would be no pension crisis. The end.

That is not the same as “blame it on wall street”.[/quote]

Ok, I can accept that.

If not for the housing collapse, there wouldnt’ve been a financial crash. There wouldn’t be all the foreclosures because homeowners would be able to sell their houses for profit, even if they couldn’t service their mortgages.

I guess Wall Street could claim that their financial crash was caused by homeowners who didn’t pay their bills. If only homeowners continued to service their mortgages, we’d all be sitting pretty.

[briansd1]

[quote=SK in CV]Brian, you’re arguing a claim that was never made. The claim was that the financial crash is the primary cause of the pension crisis. This is fact. It is inarguable. If not but for the financial crash, there would be no pension crisis. The end.

That is not the same as “blame it on wall street”.[/quote]

Ok, I can accept that.

If not for the housing collapse, there wouldnt’ve been a financial crash. There wouldn’t be all the foreclosures because homeowners would be able to sell their houses for profit, even if they couldn’t service their mortgages.

I guess Wall Street could claim that their financial crash was caused by homeowners who didn’t pay their bills. If only homeowners continued to service their mortgages, we’d all be sitting pretty.

[Author]

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