How Corporations Plan to Screw You Over

[packman]

As an extensive new report from Oxfam America explains, the biggest U.S. multinational corporations have positioned themselves for a political victory that will not just slash their taxes and leave regular people to pick up the bill, but also will set the stage for further corporate tax cuts in the future.

Corporate America has three main goals when it comes to taxes:

1.Bring their “overseas” profits home. The top statutory tax rate for American corporations is 35 percent, on profits earned anywhere on earth. However, taxes aren’t assessed on profits from outside the U.S. until the money is brought back here.

Oxfam determined that as of the 2015 tax year, the 50 largest U.S. multinational corporations have a gargantuan $1.6 trillion stashed in other countries. That’s about one-tenth the size of the entire U.S. economy.

Even more remarkably, Oxfam found the tally was up $200 billion from the year before.

2. Bring down the corporate tax rate as far as possible. Read the Wall Street Journal op-ed page on any day or watch five minutes of CNBC, and you’ll learn that America’s 35 percent statutory corporate tax rate is one of the highest in the world.

However, when all the bookkeeping is done and said, corporate tax rate is realistically around 23% and. in other words, there’s little sign U.S. companies are overtaxed by world standards

3. Use lowered U.S. tax rates to ratchet down rates everywhere else – and then come back for more here. The most important thing to understand about this issue is that multinational corporations will not be satisfied with a one-time tax cut. Instead, their goal is use any reduction in U.S. taxes to force taxes down in the rest of the world, and then start complaining again that U.S. rates are too high.

Author states that taxes vex us and we, for the most part, dutifully pay them. But corporations thrive and live to avoid taxes and that leads to all manner of political abuse.

More details at:
http://extragoodshit.phlap.net/index.php/happy-tax-day-heres-how-corporations-plan-to-screw-you-over/#more-407077

[hedda_foil]

2. Corporate Dems ain't gonna give up the cash without a fight.

[SamKnause]

3. Any and every way they can, and this doesn't pertain only to taxes.

Corporations have more rights then living breathing humans.

They don't respect their workers.

They don't care about their workers safety or mental well being.

They don't care about their workers financial stability.

They care about one thing, their bottom line.

Our government has given them all the power and rights that they have.

They can only do what our government allows them to do.

[killbotfactory]

4. The solution is for the democrats to keep going after big corporate donors

Because money.

And tell anyone who ran a credible campaign challenging corporate interests, funded by small donors, to fuck off and shut up.

If we are nice to corporate, they'll be nice to us, right?