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Google shifts a record $10B to Bermuda shell firm, avoids billions in taxes
- dangrossman 14y agoExisting discussion from today: http://news.ycombinator.com/item?id=4899236 http://news.ycombinator.com/item?id=4899236
- jrogers65 14y ago> One British MP recently chided a top Google official for the practice, calling it “immoral.” Some would call lying to the British public about a certain country's WMD capability, forcefully collecting taxes (you get thrown in a cage if you dissent) and making them pay for it all immoral. But who's to judge, eh?
- dfxm12 14y agoI agree. Unethical, yes, but immoral is a serious stretch.
- aneth4 14y agoAmerican citizens, unlike citizens of other countries, are taxed on their world-wide income - regardless of where or how they earn. Corporations have accumulated most of the advantages of being human, but avoided most disadvantages. There is a serious imbalance here when corporations have many of the rights of citizens, but can not go to jail and do not have the same tax obligations.
- greenyoda 14y agoThe other huge advantage that big corporations have is that they employ swarms of lobbyists in Washington who help to create the tax loopholes that the big corporations want. And by paying less taxes to the U.S., Google shifts their tax burden to the middle-class taxpayers who can't afford their own lobbyists.