The CLEAR (Coalition for Labor Engagement and Accountable Revenues) Coalition highlights corporate loopholes which allows multi-state corporations to shift their earnings to a tax-haven state like Delaware. 70 percent of corporations in Pennsylvania do not pay income taxes. Because of this, the state loses an estimated $400 million to $1 billion while essential community services are being drastically cut in the state budget.
Ah tax day, April 15th is one of the most agonizing days of the year for most Americans. But many multi-billion-dollar companies aren't stressing – they're finding legal loopholes to avoid paying taxes. Here are just four corporations that haven’t paid their fair share to Uncle Sam. Help AJ+ win a Webby: http://pv.webbyawards.com/2015/online-film-video/video-channels-and-networks/news-information-channel Voting ends Thursday, April 23 at 11:59pm PST and you can only vote once. Subscribe for more videos: http://www.youtube.com/channel/UCV3Nm3T-XAgVhKH9jT0ViRg?sub_confirmation=1 Like us on Facebook: https://www.facebook.com/ajplusenglish Download the AJ+ app at http://www.ajplus.net/ Follow us on Twitter: https://twitter.com/ajplus
New rankings show that Delaware is a better place to hide money than Switzerland. While this may come as a surprise to most Americans, financial sector analyst Heather Lowe says that it is not a surprise to the world's criminals.
Secretary of State Hillary Clinton and HHS Secretary Kathleen Sebelius apologize for secret U.S. medical tests during the 1940's which intentionally exposed hundreds of Guatemalans to diseases. NBC's Robert Bazell reports. -------- JFK Assassination Jean Hill Lady In Red Lyndon Baines Johnson LBJ's Mistress Madeleine Brown CIA Oilpeople Illuminati NWO Banksters Rothschild Rockefeller borcer chemtrails Taliban afghanistan war logs guardian leaked documents wikileaks interview Julian Assange ide nwo drones obama crimes du depleted uranium blair Taliban statement WikiLeaks Afghan War Diary Wikileaks war logs Afghanistan leak US leaked documents Afghanistan files military cover-up Julian Assange WikiLeaks editor Pakistan involvement article war facts US Afghan campaign Al-Qaeda NATO White House security data information classified Fidel Castro israel zionist mossad explosion remote controlled al qaeda 9/11 september 11th twin towers false flag illegal massive cover up war of terror cia bush fema camps brown blair iraq torture bin laden cybersecurity hacking nwo endgame conspiracy theories truth WTC World Trade Center US inside job cover-up obama nanothermite nuclear bomb evidence pentagon al-qaeda Thermite New FOIA FBI September 11 2001 911 Flight 77 Pentagon NYPD Port Authority Bush Cheney Clinton Al Qaeda Osama Bin Laden Saudi Pakistan CIA DOJ False Flag Coverup Commission Pennsylvania Staged Israel Taliban Terror terrorism Iraq Afghanistan NTSB British Construction Israeli propaganda busted revealed Grant F. Smith media lies media propaganda US Israel secret files Israel US media secret documents covert Israel uncovered Damage Plane Missile Demolition 757 767 airplane Explosion du chemical biological weapons Bushehr reactor ww3 9/11 September no plane missile hit Zbigniew Brzezinski tim osman Jihadist pakistan President Barack Obama White House Weekly Address Citizens United Corporate Corporations Elections Campaign Finance Donations Supreme Court 91177info2 wikipedia infiltrated by zionists milteer miami sommerset jfk kennedy assassination conspiracy cover-up dallas grassy knoll dealey oswald ruby Sir Isaac Newton NIST 634208557381562500IR_en محمود احمدی نژاد أحمدي نجاد معارضاً للولايات المتحدة وإسرائيل، لكنه عزز العلاقات بين إيران وروسيا، وفنزويلا، وسوريا، ودول الخليج العربي أفغانستان . الشعب الفلسطيني بحاجة إلى صوت قوي في المنطقة علي خامنئي البرنامج النووي الإيراني جارمسار BBC CNN ALJAZEERA REUTERS AFP Natanyahu Lieberman NAZI NAtionalist ZIonist Gazan siege Holocaust apartheid gonorrhea Syphilis
In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration. http://www.LibertyPen.com Source: Firing Line with William F Buckley Jr. Buy It : http://www.amazon.com/Firing-Line-William-Buckley-Jr/dp/B004SQFQL0/ref=sr_1_2?ie=UTF8&qid=1336999966&sr=8-2
Produced by the Tax Foundation in Washington, D.C. Script: Whether you know it or not, there's a tax barrier to bringing money into the U.S. It sounds strange, I know, but here's how it works. Say you're a U.S. company, and you open up an office overseas to serve British customers. Any money you make in Great Britain is taxed at Great Britain's tax rate, in this case, 25%. And as long as you leave that money in Great Britain, you won't have to pay any more taxes on it. But say you want to bring that money back into the United States. Well, before you can bring that money back to invest in the U.S., you have to pay the difference between England's tax rate and the U.S. tax rate, and since the U.S. has the second-highest corporate tax rate in the world, no matter where you're bringing the money from, you're likely to have to pay an extra tax to bring it home to the U.S. In this case, you'd have to pay the difference between England's tax rate of 25% and the U.S. tax rate of 35%. It's almost like paying a toll to bring money to the U.S. And that discourages investment in America, year after year. That's money that should be in America -- there shouldn't be a penalty for bringing it home. So, what can we do? Well, in addition to reducing our 35% tax rate, the answer may lie in what almost every other developed country has already done. It's called a territorial tax system. In a territorial system, companies only pay taxes on the profits earned here in America. Profits earned in markets outside the United States can be brought home and invested here year after year, without that added penalty. If you want to bring that money back for jobs, expansion, research, development, whatever -- you don't have to pay any additional tax. And that's not all. Right now, U.S. companies are at a disadvantage when they compete for business abroad. Since their international competitors don't have to pay a toll to move their money back home, the U.S. companies have higher costs in everything they do. But switching to a territorial tax system would create a level playing field, letting us win more business around the world. And that's good for our workers here at home. And the increased money invested in the U.S. helps create American jobs and helps grow American businesses. Just a couple ways switching to a territorial tax system can help the American economy. For more information, visit tax foundation dot org.
Mike Swanson interviews Dave Skarica of addictedtoprofits.net about how he pays no income tax.
http://www.CoffeePartyUSA.com/Survivor Music courtesy of Flobots. http://flobots.com/ http://www.nytimes.com/2011/03/25/business/economy/25tax.html http://www.americanprogress.org/issues/2011/tax_breaks_infographic.html This already infamous news report by David Kocieniewski of The New York Times begins: "General Electric, the nation's largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion." ***** As one Coffee Party volunteer put it, "Americans are entertaining ourselves to death." Desperate Taxpayers and Survivor: Trickle-Down Economics should be America's most watched TV shows. We don't have the bank to produce a TV show, but we are producing a series of Survivor web videos that give voice to the other America that lives outside the confines of that shiny box in our living rooms. We're inspired by an exploding student-led movement to demand reality-based policy instead of ideology-based policy from Congress. It's time to speak up and show up! 1) You can call our speak-out line (301) 259-1869 and record your message or story. 2) You can email us a photo holding signs such as "Survivor of Trickle Down Economics" or "Desperate Taxpayer." Or you can create your own message and send the photo to: survivor@ coffeepartyusa.com. 3) If you can shoot video, please do, and upload it to YouTube. Send us the link and we can pull it down from the web and add it to our video. Here are some example lines you can say, or write on a sign to hold in a photo: "I pay taxes." "I've paid taxes all my life." "I work hard." "Aren't I too-big-to-fail." "Invest in me." "I'm ready to work." "I'm ready to start my career." "Where are the jobs?" "Corporate welfare has failed us." "Invest in our future." "Cancel the Corporate Welfare reality TV show." "Time to invest in America." Send your photos and/or video clips to: survivor@ coffeepartyusa.com. Join our new Taxpayers Take Action 2011 strategy group on Facebook, and contribute an incredible exchange of ideas for action and information on which to base action. And, our primary Facebook page just topped 350,000 fans. This will be the engine that pushes out our videos and all our April actions. Below are some of the first voice messages we received. We will be downloading the audio and using them to create videos for our series, supplemented by photos sent to us by the callers. The true voice of America does not need its own cable "news" channel to participate in the exchange of ideas; all we need is the opportunity to be heard.
How Much Is Yours Worth? Garko finds out that a military industrial complex company owns his birth certificate which is worth $1000000 by calling a stock broker and giving the digits that are in the bottom right of the B.C. Garko finds out that a military industrial complex company owns his birth certificate which is worth $1000000 by calling a stock broker and giving the digits that are in the bottom right of the certificate in red. We are owned property folks! There's proof! Thanks to http://www.youtube.com/user/Kits2Shoes for the video
Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes By Jesse Drucker - Oct 21, 2010 3:00 AM PT Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda. Google's income shifting -- involving strategies known to lawyers as the "Double Irish" and the "Dutch Sandwich" -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries. The method takes advantage of Irish tax law to legally shuttle profits into and out of subsidiaries there, largely escaping the country's 12.5 percent income tax. The earnings wind up in island havens that levy no corporate income taxes at all. Companies that use the Double Irish arrangement avoid taxes at home and abroad. Transfer Pricing The tactics of Google and Facebook depend on "transfer pricing," paper transactions among corporate subsidiaries that allow for allocating income to tax havens while attributing expenses to higher-tax countries. Such income shifting costs the U.S. government as much as $60 billion in annual revenue The Double Irish As a strategy for limiting taxes, the Double Irish method is "very common at the moment, particularly with companies with intellectual property," Arm's Length Income shifting commonly begins when companies like Google sell or license the foreign rights to intellectual property developed in the U.S. to a subsidiary in a low-tax country. That means foreign profits based on the technology get attributed to the offshore unit, not the parent. Under U.S. tax rules, subsidiaries must pay "arm's length" prices for the rights -- or the amount an unrelated company would. Because the payments contribute to taxable income, the parent company has an incentive to set them as low as possible. Cutting the foreign subsidiary's expenses effectively shifts profits overseas. IRS Approves After three years of negotiations, Google received approval from the IRS in 2006 for its transfer pricing arrangement, according to filings with the Securities and Exchange Commission. The IRS gave its consent in a secret pact known as an advanced pricing agreement. Google wouldn't discuss the price set under the arrangement, which licensed the rights to its search and advertising technology and other intangible property for Europe, the Middle East and Africa to a unit called Google Ireland Holdings, according to a person familiar with the matter. Dublin Office The Dublin subsidiary sells advertising globally and was credited by Google with 88 percent of its $12.5 billion in non-U.S. sales in 2009. Allocating the revenue to Ireland helps Google avoid income taxes in the U.S., where most of its technology was developed. The profits don't stay with the Dublin subsidiary, which reported pretax income of less than 1 percent of sales in 2008, according to Irish records. That's largely because it paid $5.4 billion in royalties to Google Ireland Holdings, which has its "effective centre of management" in Bermuda, according to company filings. Avoid Irish Taxes Tax planners call such an arrangement a Double Irish because it relies on two Irish companies. One pays royalties to use intellectual property, generating expenses that reduce Irish taxable income. The second collects the royalties in a tax haven like Bermuda, avoiding Irish taxes. To steer clear of an Irish withholding tax, payments from Google's Dublin unit don't go directly to Bermuda. A brief detour to the Netherlands avoids that liability, because Irish tax law exempts certain royalties to companies in other EU- member nations. The fees first go to a Dutch unit, Google Netherlands Holdings B.V., which pays out about 99.8 percent of what it collects to the Bermuda entity, company filings show. The Amsterdam-based subsidiary lists no employees. The Dutch Sandwich Inserting the Netherlands stopover between two other units gives rise to the "Dutch Sandwich" nickname. A lesser-appreciated aspect of Ireland's appeal is that it allows companies to shift income out of the country with minimal tax consequences, said Jim Stewart, a senior lecturer in finance at Trinity College's school of business in Dublin. Hide Profits Once Google's non-U.S. profits hit Bermuda, they become difficult to track. The subsidiary managed there changed its legal form of organization in 2006 to become a so-called unlimited liability company. Under Irish rules, that means it's not required to disclose such financial information as income statements or balance sheets. www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html