Re:The Tax Haven That's Saving Google Billions
by DougWebb on Thursday October 21, 2010 @10:42AM
(#1815575)
I've got an obligation to maximize profits too: an obligation to support my family. But I don't have the resources Google does to set up complex income shifting tax avoidance schemes, and for that I'm heavily penalized by paying a much larger share of my income in taxes than a company like Google does.
If these big companies want to have the rights and privileges that citizens do (treated as legal entities, freedom of speech through political contributions, etc) then they should have to play by the same rules and with the same encumbrances.
It's amusing to see how effective industry lobbyists have been in shutting down any reform that would close these loopholes. Lets talk about slashing entitlements but completely stonewall any attempts to get corporations paying more tax...