Monday, November 1, 2010

Evil, Greedy, Liberal Corporation

Google slashed its tax liabilities by routing its profits through Ireland and the Netherlands over the last few years.
They avoided more than $3B in taxes by taking advantage of foreign tax havens.
Facebook and Microsoft have also used similar strategies to "do right by their investors".

Corporations and individuals have the absolute right to take advantage of legal methods of tax reduction, but I have two issues with companies like these:
1. If US taxes are too high for their tastes and they feel their shareholders deserve better, why not work to lower US corporate tax rates to make it better for ALL investors that hold stock in US companies and attract foreign corporations to the US?
2. If these particular corporations, which are run by and are the darlings of Liberals, are "not paying their fair share", aren't they just a bunch of hypocrites?

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