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Also, there is a lot of people who think that companies would like to change tax laws. Here is another surprise for you: they don't. If the tax laws were a prob

Also, there is a lot of people who think that companies would like to change tax laws. Here is another surprise for you: they don't. If the tax laws were a problem for them, they would have changed them already -- after all, solving big corporation problems is all that congress members do. The thing is that big companies want people to think that they pay a lot of taxes when in fact they already know how to legally evade pretty much every tax you can imagine.

meric 11y ago
Except the biggest one - tax on labor.
- exclusiv 11y ago
  Yep. Many companies like Disney are getting cracked down on for hiring lots of contractors to avoid FICA and other implications with employment. Then they try to hire their contractors (at a discount of course) but the contractors tell them to piss off because they already have benefits with their staffing company and don't want to be employed by Mickey Mouse. So you have companies that want our talent but don't want to pay for it and obey the system. Something must give... The corporations will probably win, although I'm not sure yet on the best policy.
exclusiv 11y ago
This is not accurate. While many companies avoid taxes, they end up harboring cash overseas which has its limits. Most of them need to bring that money back to their primary market in the US - either to re-invest in more employees, factories, R&D, marketing, whatever. Carl Icanh is basically threatening Congress with Super PACs. http://www.wsj.com/articles/carl-icahn-to-invest-150-million-in-super-pac-1445441825 http://www.wsj.com/articles/carl-icahn-to-invest-150-million...