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rhett o rick

(55,981 posts)

23. Yes they are if you believe their propaganda.

Reply to former9thward (Reply #22)

Mon May 7, 2012, 12:25 PM

May 2012

But as Reuters explains, the oil industry uses a different methodology to claim it pays an artificially higher tax rate to the public. The industry “lumps together U.S. and foreign taxes. It includes taxes that are deferred and thus not paid yet. U.S. companies must pay taxes on profits earned abroad, but they can defer these taxes until they bring the cash into the country.” [which then gets forgiven in future years]

http://thinkprogress.org/climate/2012/03/26/452213/exxon-mobils-tax-rate-drops-to-13-percent-after-making-35-percent-more-profits-in-2011/

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Is Exxon a nation? [View all] rhett o rick May 2012 OP

There's a new book out suggesting it acts like one. DirkGently May 2012 #1

Thank you. I will have to read that book. nm rhett o rick May 2012 #4

21st Century East India Company Hawkowl May 2012 #18

It's kinda weird that I just read this morning that "the British East India Company rhett o rick May 2012 #20

Exxon is a person. nt valerief May 2012 #2

Lee Raymond: "I'm not a U.S. company, and I don't make decisions based on what's good for the U.S." steve2470 May 2012 #3

A CEO's duty is to his stockholders FarCenter May 2012 #5

So do you agree that Exxon is sovereign? nm rhett o rick May 2012 #6

No. They are not a sovereign. FarCenter May 2012 #7

So is Exxon answerable to any particular nation? nm rhett o rick May 2012 #8

No, it is answerable to dozens of nations. FarCenter May 2012 #10

I think most of those countries dance to their tune. nm rhett o rick May 2012 #11

Uh, yes. And Coca Cola. And the KOCH brothers. And many many others. AND they can VOTE!1 n/t UTUSN May 2012 #9

Yes Edim May 2012 #12

I'm sick of their commercials supposedly supporting teachers and public education proud2BlibKansan May 2012 #13

They get double their money's worth with those commercials. rhett o rick May 2012 #29

Actually it's legally a person in the eyes of the Supreme Court of the USofA lunatica May 2012 #14

It is not really fair to say they don't pay for anything. former9thward May 2012 #15

But Exxon Mobil’s tax rate is “lower than the average American’s,” rhett o rick May 2012 #17

The average American does not have an effective 17.2% tax rate. former9thward May 2012 #19

What is the tax rate of the average American? And why are you defending Exxon? nm rhett o rick May 2012 #21

I am not "defending" Exxon. former9thward May 2012 #22

Yes they are if you believe their propaganda. rhett o rick May 2012 #23

The Washington Post article does not include defered taxes. former9thward May 2012 #24

The article also says that Exxon paid zero income tax in 2009, in fact the taxpayers paid them rhett o rick May 2012 #25

There are lots of articles available re. the taxes that Exxon pays. rhett o rick May 2012 #26

Ecological rape nation. Zax2me May 2012 #16

Yes... It Should Not Be... But Now.... Effectively... IT IS, YES !!! WillyT May 2012 #27

If they need help in "convincing" a small country to bow down to their wishes, rhett o rick May 2012 #28