Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Democratic Primaries
Related: About this forum
Congratulations to our presumptive Democratic nominee, Joe Biden!
When 19-year-old, working-class kids go abroad,
Link to tweet
(snip)
Speaking to CNBC via telephone on Monday, Paul Monaghan, CEO of Fair Tax Mark, said there was an enormous difference between what companies accounted for and what they actually handed over in taxes.
The amount of tax being paid by these businesses is $100 billion less than reported in their accounts, he said.
(snip)
Amazon was named the worst offender of the six firms, with the report claiming the e-commerce giant had paid $3.4 billion in income taxes since 2010. Fair Tax Mark noted that cash tax paid by the organization amounted to 12.7% of its profit over the decade, despite corporate tax in the U.S. being set at 35% for seven of the years included in the analysis period. President Donald Trump cut corporation tax rates from 35% to 21% in 2017.
The company is growing its market domination across the globe on the back of revenues that are largely untaxed and can unfairly undercut local businesses that take a more responsible approach, the report said.
(snip)
https://www.cnbc.com/2019/12/02/silicon-valley-giants-accused-of-avoiding-100-billion-in-taxes.html
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 1189 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (25)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
When 19-year-old, working-class kids go abroad, (Original Post)
Uncle Joe
Dec 2019
OP
We could seriously pay for all the cuts Trump is making to SNAP with that money and then some.
Initech
Dec 2019
#2
I'm willing to bet a fair number of Bernie's millennial voters have AMAZON PRIME accounts...
brooklynite
Dec 2019
#4
JoeOtterbein
(7,700 posts)1. K n R ! Thanks for posting! nt
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
Initech
(100,070 posts)2. We could seriously pay for all the cuts Trump is making to SNAP with that money and then some.
Fuck the billionaires.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
DBoon
(22,366 posts)3. Quote from Bernie, explaining the OP subject
When 19-year-old, working-class kids go abroad, its to fight and die in Iraq and Afghanistan.
When Silicon Valley billionaires run abroad, they go to Bermuda to avoid paying their fair share of taxes. What patriotism! What love of country!
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
brooklynite
(94,541 posts)4. I'm willing to bet a fair number of Bernie's millennial voters have AMAZON PRIME accounts...
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden