Post #247,571
3/11/06 12:05:04 PM
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Evading taxes.
[link|http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060311:MTFH03509_2006-03-11_03-04-52_SP63852&symbol=MSFT.N&rpc=44|Reuters]: Microsoft Corp., under mounting scrutiny regarding more than $16 billion of assets it keeps in Ireland to take advantage of low taxes, is reorganising its operations there in a way that will allow it to reduce public disclosure of those assets, the Wall Street Journal reported on its Web site.
o o o
The move follows several months of scrutiny of Microsoft in Ireland, as well as moves in Washington against the tax benefits the software giant enjoyed by transferring the revenue and assets to Ireland. Ireland taxes corporate income at a flat rate of 12.5 percent, while the official U.S. rate is 35 percent. Alex
When fascism comes to America, it'll be wrapped in a flag and carrying a cross. -- Sinclair Lewis
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Post #247,579
3/11/06 2:02:10 PM
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In the Wall Street Journal too . . .
. . but the Los Angeles Times instead ran an article on the EU declaring Microsoft "still not in compliance" and that network protocol documentation submitted by Microsoft "continues to be incomplete and inaccurate".
[link|http://www.aaxnet.com|AAx]
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Post #247,740
3/13/06 1:41:01 PM
8/21/07 6:30:42 AM
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They all do it
For instance, big river books moved most of the servers that handle europe to data centers in ireland and luxembourg primarily for tax reasons.
"Whenever you find you are on the side of the majority, it is time to pause and reflect" --Mark Twain
"The significant problems we face cannot be solved at the same level of thinking we were at when we created them." --Albert Einstein
"This is still a dangerous world. It's a world of madmen and uncertainty and potential mental losses." --George W. Bush
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Post #247,773
3/13/06 3:39:37 PM
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Wouldn't it really be avoiding taxes?
Much as I would love to see them nailed for tax evasion, tax avoidance is common. Even John Q. Public is encouraged to lower his taxes by investing in IRA...
A good friend will come and bail you out of jail ... but, a true friend will be sitting next to you saying, "Damn...that was fun!"
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Post #247,786
3/13/06 4:15:19 PM
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Yeah, I hear donating to the republicans is tax-deductible.
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Post #247,852
3/13/06 11:30:05 PM
8/21/07 6:34:20 AM
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It actually pays dividends
if you're one of the "right people"
"Whenever you find you are on the side of the majority, it is time to pause and reflect" --Mark Twain
"The significant problems we face cannot be solved at the same level of thinking we were at when we created them." --Albert Einstein
"This is still a dangerous world. It's a world of madmen and uncertainty and potential mental losses." --George W. Bush
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Post #247,873
3/14/06 2:24:25 AM
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I dunno about that
We are talking about the Irish republicans here.
--\n-------------------------------------------------------------------\n* Jack Troughton jake at consultron.ca *\n* [link|http://consultron.ca|http://consultron.ca] [link|irc://irc.ecomstation.ca|irc://irc.ecomstation.ca] *\n* Kingston Ontario Canada [link|news://news.consultron.ca|news://news.consultron.ca] *\n-------------------------------------------------------------------
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Post #247,935
3/14/06 4:45:19 PM
8/21/07 6:35:57 AM
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Well, the American Republicans
seem to be providing high rates of return to their patrons.
"Whenever you find you are on the side of the majority, it is time to pause and reflect" --Mark Twain
"The significant problems we face cannot be solved at the same level of thinking we were at when we created them." --Albert Einstein
"This is still a dangerous world. It's a world of madmen and uncertainty and potential mental losses." --George W. Bush
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Post #247,794
3/13/06 4:57:33 PM
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A fine point! :)
Better tax laws are sorely needed.
Alex
When fascism comes to America, it'll be wrapped in a flag and carrying a cross. -- Sinclair Lewis
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