georgephillip
Diamond Member
With apologies to Emma Lazarus but not to Cisco.
"The 1 Percent Colossus"
Like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, gilded gates shall stand
A mighty banker with a blow torch, whose flame
Shall imprison millions in debt, and his name is
Father of Wall Street greed. From his clutching hand
Grows worldwide corporations and hedge funds; whose rabid eyes command
The air-bridged harbor that the masters of the universe frame.
'Damn the groveling unemployed, your poverty is distasteful!' cries he
With bilious lips. 'Cast away your tired, your poor
Your huddled masses who are suckers and leeches,
Deport the teeming hordes from our privileged shores of gluttony.
Send these, the homeless, the jobless, the tempest-tost to an early grave,
I lift my Cayman Islands bank account beside my door of gold!
We are the 1 Percent: the chosen ones.
Be gone the rest of you. We won; you lost"
Read Emma's famous ode and then read about Cisco's star-spangled subsidiary at the foot of the scenic Swiss Alps:
"Cisco Systems Inc. (CSCO)has cut its income taxes by $7 billion since 2005 by booking roughly half its worldwide profits at a subsidiary at the foot of the Swiss Alps that employs about 100 people.
"Now Cisco, the largest maker of networking equipment, wants to save even more -- by asking Congress to waive most federal taxes due when multinationals bring such offshore earnings home.
"Chief Executive Officer John T. Chambers has led the charge for the tax holiday, which would be the second since 2004. He says it would encourage companies to 'repatriate' as much as $1 trillion held abroad, spur domestic investment and create jobs."
Biggest Tax Avoiders Win Most Gaming $1 Trillion U.S. Tax Break - Bloomberg
"The 1 Percent Colossus"
Like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, gilded gates shall stand
A mighty banker with a blow torch, whose flame
Shall imprison millions in debt, and his name is
Father of Wall Street greed. From his clutching hand
Grows worldwide corporations and hedge funds; whose rabid eyes command
The air-bridged harbor that the masters of the universe frame.
'Damn the groveling unemployed, your poverty is distasteful!' cries he
With bilious lips. 'Cast away your tired, your poor
Your huddled masses who are suckers and leeches,
Deport the teeming hordes from our privileged shores of gluttony.
Send these, the homeless, the jobless, the tempest-tost to an early grave,
I lift my Cayman Islands bank account beside my door of gold!
We are the 1 Percent: the chosen ones.
Be gone the rest of you. We won; you lost"
Read Emma's famous ode and then read about Cisco's star-spangled subsidiary at the foot of the scenic Swiss Alps:
"Cisco Systems Inc. (CSCO)has cut its income taxes by $7 billion since 2005 by booking roughly half its worldwide profits at a subsidiary at the foot of the Swiss Alps that employs about 100 people.
"Now Cisco, the largest maker of networking equipment, wants to save even more -- by asking Congress to waive most federal taxes due when multinationals bring such offshore earnings home.
"Chief Executive Officer John T. Chambers has led the charge for the tax holiday, which would be the second since 2004. He says it would encourage companies to 'repatriate' as much as $1 trillion held abroad, spur domestic investment and create jobs."
Biggest Tax Avoiders Win Most Gaming $1 Trillion U.S. Tax Break - Bloomberg