The Big Cheat of 2018: Corporations Make Billions in Profits, Demand Tax Refunds from the American Public
It was a banner year for corporate greed
Who could possibly believe Abbott and Pfizer had losses in the US?
[In a survey by the National Federation of Independent Business, nearly 90 percent of respondents reported a lack of qualified applicants for job openings. If that's true, part of the reason is that America's largest corporations deny us the tax revenue that could be paying for worker education. Corporate greed and hypocrisy are shifting the blame for the skills gap to the millions of Americans being cheated out of job opportunities.]
And I bet most of the countries they did pay taxes in are where the skill workers they're looking for get socialized schooling.
0
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
1 comment
Feel free to reply to any comment by clicking the "Reply" button.There is no international tax auditor in existence. Losses are created through international transfers of spurious expense from one country's trading operation to another. By applying differing inter-country accounting cut off dates profit can be "lost" in the transfer thus resulting in worldwide losses when viewed in each individual country.
FrayedBear
Level 9
Mar 11, 2019
1