Study says most corporations pay no U.S. income taxes

February 27, 2011
Buddhist Hell via J TAYLOR

Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.

The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.
More than half of foreign companies and about 42 percent of U.S. companies paid no U.S. income taxes for two or more years in that period, the report said. via reuters.com

the way Google does it is called the Double Irish to Ireland and Holland. Corporations don’t get taxed… only the middle class does.. (the middle class that provides 95% of jobs in the United States and are technically called millionaires). Ever wonder why GE financed MSNBC before they let go to Comcast or why most media companies have no worries about taxes. if you are in the media your main interest is in defying eminent domain and getting friendly with government who makes those decisions. Honest corporate executives unlike Bill Gates who is a fraud and a liar know that taxation does not effect them… especially if the majority of the revenue is from advertising or if they are practically the government already… aka Time Warner…  Time Warner… hmm Time Magazine? CNN? hello? wake up LIBERALS!

The problem with guys like Dennis Kucinich and Ron Paul… (who are really one and the same internationalist agenda… one for corporatist internationalism and the other for socialist internationalism) is that it doesn’t matter what they say. They hurt the reputation of the average American and they don’t represent local interests. The modern debate over government is based on offering Americans a choice between two minority monopolies of power. Government controlled corporations or corporate controlled government. Two extremes, both of which monopolize power in the hands of a small number of powerful and influential people. And deprive ordinary citizens of their rights. Because a tyranny of the minority is still a tyranny– regardless of what its guise is. And either corporate controlled government or government controlled corporations mean a totalitarian state serving the interests of a small group. The only debate is over which small group will benefit the most from the oppression of the majority. The debate between government controlled corporations and corporate controlled government is mostly irrelevant. Because we have both.

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.