Welcome, Guest.
Please login or register.
GE Parking Cash Abroad To Avoid Taxes
Rotterdam NY...the people's voice    Rotterdam's Virtual Internet Community    What's Going On In The Rest Of The world  ›  GE Parking Cash Abroad To Avoid Taxes Moderators: Admin
Users Browsing Forum
No Members and 11 Guests

GE Parking Cash Abroad To Avoid Taxes  This thread currently has 594 views. |
1 Pages 1 Recommend Thread
Shadow
March 11, 2013, 1:51pm Report to Moderator
Hero Member
Posts
11,107
Reputation
70.83%
Reputation Score
+17 / -7
Time Online
448 days 17 minutes
GE, Pfizer, Microsoft, Apple And Other Major US Corporations Are Parking More Cash Abroad To Avoid Paying Taxes   or example, the Jedi master of avoiding U.S. taxation, General Electric Company (NYSE:GE), increased its tax-free cash accumulation to $108 billion, up from an estimated $94 billion in 2010. Microsoft Corporation (Nasdaq:MSFT) increased its stockpile to $61 billion, up 36 percent from 2011 and up from $30 billion in 2010. Apple Inc. (Nasdaq:AAPL) raised its ante to $40 billion, up 73 percent from 2011.  
And here are some of the other egregious hoarders, according to the two analyses:

- Pfizer Inc. (NYSEFE): $73 billion in overseas nontaxed liquid assets in 2012, up from $48 billion in 2010.
- Merck & Co. Inc. (NYSE:MRK): $53 billion, up from $40.4 billion in 2010.
- Johnson & Johnson: (NYSE:JNJ): $49 billion, up from $37 billion in 2010.
- Google: $33 billion in 2012.
- Devon Energy Corp (NYSEVN): increased its offshore cash by 48 percent last year.
- Occidental Petroleum Corporation (NYSE:OXY): up 47 percent from 2011.
- Honeywell International Inc. (NYSE:HON): up 43 percent from 2011.
Logged
Private Message
Box A Rox
March 11, 2013, 1:58pm Report to Moderator

Hero Member
Posts
25,926
Reputation
58.62%
Reputation Score
+17 / -12
Time Online
514 days 11 hours 54 minutes
Quoted from Shadow
GE, Pfizer, Microsoft, Apple And Other Major US Corporations Are Parking More Cash Abroad To Avoid Paying Taxes   or example, the Jedi master of avoiding U.S. taxation, General Electric Company (NYSE:GE), increased its tax-free cash accumulation to $108 billion, up from an estimated $94 billion in 2010. Microsoft Corporation (Nasdaq:MSFT) increased its stockpile to $61 billion, up 36 percent from 2011 and up from $30 billion in 2010. Apple Inc. (Nasdaq:AAPL) raised its ante to $40 billion, up 73 percent from 2011.  
And here are some of the other egregious hoarders, according to the two analyses:

- Pfizer Inc. (NYSE:PFE): $73 billion in overseas nontaxed liquid assets in 2012, up from $48 billion in 2010.
- Merck & Co. Inc. (NYSE:MRK): $53 billion, up from $40.4 billion in 2010.
- Johnson & Johnson: (NYSE:JNJ): $49 billion, up from $37 billion in 2010.
- Google: $33 billion in 2012.
- Devon Energy Corp (NYSE:DVN): increased its offshore cash by 48 percent last year.
- Occidental Petroleum Corporation (NYSE:OXY): up 47 percent from 2011.
- Honeywell International Inc. (NYSE:HON): up 43 percent from 2011.


A tax decrease (or a tax loophole) for one group, is a TAX INCREASE for everyone not in that group.

When business pays less... the rest of us pay more.  When they evade their tax, we pay their
share.  

This condition isn't necessary... all it takes is the will of our elected officials to close the loopholes and
enforce the laws.  

Tax the rich??? YEA.  Tax the rich tax evading corporations... YES AGAIN.


The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

Logged Offline
Private Message Reply: 1 - 5
Libertarian4life
March 11, 2013, 2:08pm Report to Moderator

Hero Member
Posts
7,356
Reputation
50.00%
Reputation Score
+12 / -12
Time Online
119 days 21 hours 10 minutes
Quoted from Shadow
GE, Pfizer, Microsoft, Apple And Other Major US Corporations Are Parking More Cash Abroad To Avoid Paying Taxes   or example, the Jedi master of avoiding U.S. taxation, General Electric Company (NYSE:GE), increased its tax-free cash accumulation to $108 billion, up from an estimated $94 billion in 2010. Microsoft Corporation (Nasdaq:MSFT) increased its stockpile to $61 billion, up 36 percent from 2011 and up from $30 billion in 2010. Apple Inc. (Nasdaq:AAPL) raised its ante to $40 billion, up 73 percent from 2011.  
And here are some of the other egregious hoarders, according to the two analyses:

- Pfizer Inc. (NYSEFE): $73 billion in overseas nontaxed liquid assets in 2012, up from $48 billion in 2010.
- Merck & Co. Inc. (NYSE:MRK): $53 billion, up from $40.4 billion in 2010.
- Johnson & Johnson: (NYSE:JNJ): $49 billion, up from $37 billion in 2010.
- Google: $33 billion in 2012.
- Devon Energy Corp (NYSEVN): increased its offshore cash by 48 percent last year.
- Occidental Petroleum Corporation (NYSE:OXY): up 47 percent from 2011.
- Honeywell International Inc. (NYSE:HON): up 43 percent from 2011.


GE is part of Romney's 47% freeloaders.

Logged
Private Message Reply: 2 - 5
senders
March 11, 2013, 4:34pm Report to Moderator
Hero Member
Posts
29,348
Reputation
70.97%
Reputation Score
+22 / -9
Time Online
1574 days 2 hours 22 minutes
Quoted from Box A Rox


A tax decrease (or a tax loophole) for one group, is a TAX INCREASE for everyone not in that group.

When business pays less... the rest of us pay more. When they evade their tax, we pay their
share.  

This condition isn't necessary... all it takes is the will of our elected officials to close the loopholes and
enforce the laws.  

Tax the rich??? YEA.  Tax the rich tax evading corporations... YES AGAIN.


especially when we WANT to hand over $$ to let someone else control our pillow fluffing....your cultish view of the
government is such that you think it's OK to leech off of each other through laws/regulations etc....then get
angry when people(you seem to think corps are free game) don't give enough to call it 'fair share' and yet
you can't define 'fair share'....or to WHAT priorities that 'fair share' shall be distributed.....



...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

Logged Offline
Private Message Reply: 3 - 5
Madam X
March 12, 2013, 11:43am Report to Moderator
Hero Member
Posts
3,190
Reputation
66.67%
Reputation Score
+8 / -4
Time Online
26 days 9 hours 21 minutes
That's what I'm sayin'. Romney was right about the 47%, he was just wrong about those who make up that 47%. Not everyone who doesn't pay taxes is a leach, and not every leach doesn't pay taxes. Obama is pretty tight with GE. GE's fearless leader was on television praising the government of Red China.
Logged Offline
Private Message Reply: 4 - 5
senders
March 12, 2013, 4:38pm Report to Moderator
Hero Member
Posts
29,348
Reputation
70.97%
Reputation Score
+22 / -9
Time Online
1574 days 2 hours 22 minutes
Quoted from Madam X
That's what I'm sayin'. Romney was right about the 47%, he was just wrong about those who make up that 47%. Not everyone who doesn't pay taxes is a leach, and not every leach doesn't pay taxes. Obama is pretty tight with GE. GE's fearless leader was on television praising the government of Red China.


Obama is a leach like the rest of them.....the 'cushioning' to go along is well documented


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

Logged Offline
Private Message Reply: 5 - 5
1 Pages 1 Recommend Thread
|


Thread Rating
There is currently no rating for this thread