Corporate Taxes: No Safe Haven

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Mr. Roques
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Supply Network Guru
Re: Tax policy
Mr. Roques   11/25/2012 5:29:23 PM
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Has they proposed a federa linternet tax? I'm no expert in tax law, btw. I believe that, even if I'm benefiting from it, we should probably pay some taxes.

CBurkeBtB
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Tax policy
CBurkeBtB   11/23/2012 6:57:53 PM
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Thank God we don't get all the government we pay for... : <

Douglas Alexander
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Re: Taxes
Douglas Alexander   11/20/2012 7:10:00 PM
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@Barbara, I hear Starbucks is running out of expansion territory so they are opening up new Starbucks stores inside their Starbucks restrooms.

Barbara Jorgensen
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Re: Taxes
Barbara Jorgensen   11/20/2012 6:04:02 PM
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Starbucks will no doubt survive...but coffee is being attacked on a different front: local governments. A town in Massachusetts has banned styrofoam. Starbucks has the paper cups, but its competitors and Chinese take-out places don't...it is wreaking much havoc in the on-the-go industry. Thank goodness I am a home office worker since I can't legally drive before I have my coffee.

Barbara Jorgensen
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Re: Taxes right or wrong
Barbara Jorgensen   11/20/2012 5:40:12 PM
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Douglas: Funny you should mention it--I was thinking the same thing about gas and oil. Unrest in the Middle East sent oil price up, and I'm trying to think of another industry where bad news is good news for the market. I suppose a bad flu season can send pharm stocks up...but it is all so counter-intuitive. In these cases, hurting the consumer helps investors. Really!?

And I agree, there will be more loopholes as soon as we close the existing ones and/or costs will go up.

Douglas Alexander
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Re: Taxes right or wrong
Douglas Alexander   11/20/2012 10:23:46 AM
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@Barbara, you and I both know that if we close the corporate tax loopholes, the corporations will find some way to make-up for the lost revenues via passing the cost to the consumer. Oil and gas companies play with the prices at the pump no matter their real-time working expenditures. All we have to hear is that a refinery exploded and we know that within days or hours, the price at the pump will go up. That drives me nuts. Someone is calling the shots based upon knee jerk reactions with no actual cost analysis based upon actual, remedial action requirements. 

R.J.Matthews
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Stock Keeper
Re: Taxes
R.J.Matthews   11/20/2012 10:00:35 AM
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Well do not think Barbara, that Starbucks will be trembling in their boots yet as the response so far is a bit of huffing and puffing and threats to boycott them and appeals that they could fund our library system.

As for a mass movement for people to boycott Amazon with Christmas coming up think that could be the most broken boycott in history Lol.

Things will build up to a head though, as as you point out national governments are desperate for more funds and it seems these companies are the only ones who have any!

http://www.independent.co.uk/arts-entertainment/books/news/jeanette-winterson-calls-on-google-starbucks-and-amazon-to-fund-britains-libraries-8335663.html

http://www.huffingtonpost.com/2012/11/19/amazon-boycott-uk_n_2160946.html

http://www.guardian.co.uk/commentisfree/2012/nov/17/should-boycott-google-starbucks-amazon

This article was amended on 19 November 2012 to reinstate the fact that Jeff Jarvis is a shareholder in one or more of the companies mentioned.

http://en.wikipedia.org/wiki/Boycott

http://www.phrases.org.uk/meanings/death-and-taxes.html

http://www.ask.com/answers/248961861/how-do-you-make-the-starbucks-vanilla-bean-frappuccino-at-home?qsrc=14106

 

Cryptoman
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Re: Governments always get the cash they need
Cryptoman   11/20/2012 9:38:01 AM
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You are absolutely right Barbara.

I did not mention the spending perspective in my previous message but that is an important item to bring into the equation. If the government is not using the money wisely end efficiently, that is also very unfair to the general public. That would be like saying: "You pay me more so that I can waste it as I like", which is absolutely unacceptable.

Barbara Jorgensen
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Taxes
Barbara Jorgensen   11/20/2012 8:25:12 AM
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@RJ: First, do not tax my coffee! Good point about lobbyists. It makes me crazy to see politicians "in the back pocket" of the big spenders. In many cases we see policians voting in favor of things they opposed during campaigns. We accept this as a matter of course, but we shouldn't.

Barbara Jorgensen
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Re: Governments always get the cash they need
Barbara Jorgensen   11/20/2012 8:21:04 AM
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Cryptoman: Overall, I agree with you, corporations should pay their fair share (whatever that is). Unfortunately, the real reason for debt is spending, and if I truly believed our tax revenue was being spent prudently, I'd rally to chase multinationals. In fact, a few years ago I did. But rather than getting creative with tax collection, governments should get creative with their spending and investment -- just like the rest of us. I know it is a complex task and in the US it divides the politicians sharply. But there have been so many instances where  money is being wasted -- I'm talking billions -- that a massive tax overhaul is needed, not just offshore loopholes.

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