News for hackers. Stuff that matters.
Re:GE will move headquarters to Boston by Alupis on Wednesday January 13, 2016 @05:06PM (#10897943)
> a corporation that barely pays taxes

I'm unsure how this really matters in regards to GE HQ relocation?

They pay 100% of the taxes they are legally obligated to pay - if you're unhappy with that amount, change the laws. But lets not pretend they're an evil corporation solely on the grounds of them not paying more taxes.

It's not somehow patriotic to pay more in taxes than you legally owe.

Re:GE will move headquarters to Boston by Someone1234 on Wednesday January 13, 2016 @05:29PM (#10898125)
> if you're unhappy with that amount, change the laws.

That's what they tried to do so GE left the state...

> It's not somehow patriotic to pay more in taxes than you legally owe.

But they go one step further, they actually dodge taxes they're meant to legally owe using loopholes.

If GE paid the same proportional taxes as a locally owned sandwich shop I'd be happy.

Re:GE will move headquarters to Boston by Alupis on Wednesday January 13, 2016 @05:39PM (#10898192)
> That's what they tried to do so GE left the state

This is what happens when states and nations have ridiculous tax laws and rates. People and corporations leave. If anything, we should be advocating CT fix their corporate tax laws, because it's costing them tax revenue.

> dodge taxes they're meant to legally owe using loopholes

That's the law you are describing. These so-called "loopholes" are parts of the tax code specifically inserted to allow people (and corporations) the ability to reduce their annual tax liability. Nobody (and no corporation) does any wrong by using the law to their advantage.

Change the law (remove the loopholes) if it's upsetting. Otherwise, they're doing things the right way.

Re:GE will move headquarters to Boston by Spooky23 on Wednesday January 13, 2016 @05:23PM (#10898083)
I was moved by GE's patriotism when they realized they would have to dredge the PCB pollution dumped in the Hudson River -- then promptly lobbied for a retroactive tax cut to fund it.
Re:GE will move headquarters to Boston by yequalsx on Wednesday January 13, 2016 @05:14PM (#10898017)
Well, consider regulatory capture. In such an environment your view is incorrect. I believe we are in such an environment.
Re:GE will move headquarters to Boston by Alupis on Wednesday January 13, 2016 @05:19PM (#10898056)
> regulatory capture ... I believe we are in such an environment

I think we'll have to disagree on this. I don't see any signs or evidence that Boston politicians are cozying up with GE executives for kick-backs and what-not.

Re:GE will move headquarters to Boston by yequalsx on Wednesday January 13, 2016 @08:40PM (#10899064)
I don't either. I do see evidence of business interests ensuring that the effective tax rate on corporate profits is quite a bit lower than the nominal rate and that this fact will not change regardless of voter preferences.