Multinational tax avoidance risks losing citizens' trust

[barryqwalsh]

The Australian treasurer, Joe Hockey, has warned that citizens will lose trust in the legitimacy of their governments if multinationals are allowed to avoid paying their fair share of tax.

On the eve of the G20 summit in Brisbane, civil society groups called on leaders to make strong commitments to close loopholes that enabled corporations and wealthy individuals to use tax havens.


Multinational tax avoidance risks losing citizens trust says Hockey Business The Guardian

 

[EdwardBaiamonte]

The Australian treasurer, Joe Hockey, has warned that citizens will lose trust in the legitimacy of their governments if multinationals are allowed to avoid paying their fair share of tax.

On the eve of the G20 summit in Brisbane, civil society groups called on leaders to make strong commitments to close loopholes that enabled corporations and wealthy individuals to use tax havens.


Multinational tax avoidance risks losing citizens trust says Hockey Business The Guardian

Dear, intelligent citizens love to avoid taxes and keep the money for themselves rather than let liberal govt steal it and waste it!!

 

[barryqwalsh]

The issue is tax equality. Multinationals and wealthy individuals should not be able to avoid or reduce their tax obligations using tax havens.

 

[EdwardBaiamonte]

The issue is tax equality. Multinationals and wealthy individuals should not be able to avoid or reduce their tax obligations using tax havens.

dear, the top 1% pay 40% of all taxes( mmore than any other country) so they need all they help they can get. They create the jobs so stealing from them is stealing from ourselves. Liberals lack the IQ to understand that.

 

[Dont Taz Me Bro]

The issue is tax equality. Multinationals and wealthy individuals should not be able to avoid or reduce their tax obligations using tax havens.

If the taxes weren't so burdensome, they wouldn't.

 

[EdwardBaiamonte]

The issue is tax equality. Multinationals and wealthy individuals should not be able to avoid or reduce their tax obligations using tax havens.

If the taxes weren't so burdensome, they wouldn't.

The liberals have to scapegoat the rich much the the way Nazis scapegoated the Jews.

 

[barryqwalsh]

Bristol-Myers Squibb has a subsidiary in Luxembourg that has
one part-time employee, assets of €22.7 billion, and a branch in Swords, Co Dublin.

The company, Bristol-Myers Squibb Luxembourg Sarl, owns Swords-based Bristol-Myers Squibb Epsilon Holdings, and gave its shareholding in that company a value of €21.4 billion in its accounts for 2012. The Swords company is described as Swiss/Irish in the accounts.

Income to the Luxembourg company from the Irish company in 2012 was €7.6 billion, according to the accounts. The profit for the year was also €7.6 billion. Tax was slightly more than €82,000.

Pharma firm has subsidiary in Luxembourg

 

[EdwardBaiamonte]

Bristol-Myers Squibb has a subsidiary in Luxembourg that has
one part-time employee, assets of €22.7 billion, and a branch in Swords, Co Dublin.

The company, Bristol-Myers Squibb Luxembourg Sarl, owns Swords-based Bristol-Myers Squibb Epsilon Holdings, and gave its shareholding in that company a value of €21.4 billion in its accounts for 2012. The Swords company is described as Swiss/Irish in the accounts.

Income to the Luxembourg company from the Irish company in 2012 was €7.6 billion, according to the accounts. The profit for the year was also €7.6 billion. Tax was slightly more than €82,000.

Pharma firm has subsidiary in Luxembourg

this is great the less tax they pay the lower the cost of health care!!

 

[barryqwalsh]

Netherlands accused of subsidising tax bill for US coffee chain Starbucks

Netherlands accused of subsidising tax bill for US coffee chain Starbucks

 

[barryqwalsh]

For more coverage of Luxleaks see below:


Lux Leaks The Irish Times

 

[EdwardBaiamonte]

For more coverage of Luxleaks see below:


Lux Leaks The Irish Times

this is great!! the less tax corporations pay the lower the prices we must pay for their goods and services.

 

[barryqwalsh]

For more coverage of Luxleaks see below:


Lux Leaks The Irish Times

this is great!! the less tax corporations pay the lower the prices we must pay for their goods and services.

How can you be so naive?

 

[EdwardBaiamonte]

For more coverage of Luxleaks see below:


Lux Leaks The Irish Times

this is great!! the less tax corporations pay the lower the prices we must pay for their goods and services.

How can you be so naive?

dear there is nothing naive about wanting to see our standing of living go up as prices go down!

Welcome to your first lesson in economics. Do you ever think of going to college yourself?

 

[barryqwalsh]

For more coverage of Luxleaks see below:


Lux Leaks The Irish Times

this is great!! the less tax corporations pay the lower the prices we must pay for their goods and services.

How can you be so naive?

dear there is nothing naive about wanting to see our standing of living go up as prices go down!

Welcome to your first lesson in economics. Do you ever think of going to college yourself?

Whatever you say!

 

[EdwardBaiamonte]

How can you be so naive?

dear there is nothing naive about wanting to see our standing of living go up as prices go down!

Welcome to your first lesson in economics. Do you ever think of going to college yourself?[/QUOTE]
Whatever you say![/QUOTE]

translation: as a liberal I lack the IQ to respond substantively!!

ever see a conservative who has to run from a debate? What does that teach you?

 

[JakeStarkey]

Our federal and many state tax commissions are drafting legislation for the right time to recapture tax from our companies that move to our countries with lower tax laws.

Works like this: EdwardBaimonte Investments moves to Canada, which may an 8% tax benefit to EB INV who still does business in the USA. Thus, the Federal government will require EB INV to submit its Canadian tax filing as the basis for the American tax basis. IRS would debit EB INV the 8% difference on the entire Canadian filing, thus invalidating the economic reason for moving in the first place.

The day will come when Edward will pay his fair share.

 

[EdwardBaiamonte]

Our federal and many state tax commissions are drafting legislation for the right time to recapture tax from our companies that move to our countries with lower tax laws.

That's great, they capture taxes our prices go up and our standard of living goes down. Liberals love it because they lack the IQ to know it raises prices.

 

[bripat9643]

The issue is tax equality. Multinationals and wealthy individuals should not be able to avoid or reduce their tax obligations using tax havens.

Yeah, that's right. Everyone should have that ability.

 

[bripat9643]

Our federal and many state tax commissions are drafting legislation for the right time to recapture tax from our companies that move to our countries with lower tax laws.

Works like this: EdwardBaimonte Investments moves to Canada, which may an 8% tax benefit to EB INV who still does business in the USA. Thus, the Federal government will require EB INV to submit its Canadian tax filing as the basis for the American tax basis. IRS would debit EB INV the 8% difference on the entire Canadian filing, thus invalidating the economic reason for moving in the first place.

The day will come when Edward will pay his fair share.

How on earth would the IRS justify taxing income reported to the Canadian government? That's a violation of the 5th Amendment.

 

[bripat9643]

For more coverage of Luxleaks see below:


Lux Leaks The Irish Times

this is great!! the less tax corporations pay the lower the prices we must pay for their goods and services.

How can you be so naive?

You're the one who is naive if you think corporations actually pay taxes.