Gingrich: GE 'clever' to avoid corpor...

Gingrich: GE 'clever' to avoid corporate taxes

There are 141 comments on the Salon story from May 13, 2011, titled Gingrich: GE 'clever' to avoid corporate taxes. In it, Salon reports that:

Republican presidential candidate Newt Gingrich said Friday that General Electric's aggressive legal and accounting strategy, which led to reports of a zero corporate tax liability last year, was a clever and rational response to the nation's high tax rates.

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“Equality for ALL”

Since: Jul 10

Massachusetts

#1 May 13, 2011
Or it could be that politicians have given corporations all those loopholes in the tax code over the years.

Since: Aug 10

Decatur, GA

#2 May 13, 2011
DaveinMass wrote:
Or it could be that politicians have given corporations all those loopholes in the tax code over the years.
Absolutely, Dave. Sounds like good 'ol Newt just wants to help ALL corporations lower their taxes so the little people end up having to pay MORE taxes.
Sheik Yerbouti

Richmond, IN

#3 May 13, 2011
Sounds like newt (what an apt name!)doesn't want corporations to pay their fair share in taxes. Hell, the taxpayers just bailed them out not once but twice and yet they still want more!

“Liberal Teachers ruin Kids”

Since: Mar 09

Paradise Valley Arizona

#4 May 13, 2011
3.6 million jobs were saved or created? have a liberal explain this in detail..they cant

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#5 May 13, 2011
tidy catz wrote:
<quoted text>
Absolutely, Dave. Sounds like good 'ol Newt just wants to help ALL corporations lower their taxes so the little people end up having to pay MORE taxes.
You just had all of the oil giants up at Capitol Hill yesterday, why wasn't GE, and other Obama's buddys up there too. Their profit margins are bigger than the oil companies. I can see millions of GE money coming back under the table to Obama's campaign.
Questioner

United States

#6 May 13, 2011
They had the money to hire good tax accountants, and of course really good lobbyists. Money talks.
Al Sharpton

Tampa, FL

#7 May 13, 2011
after GE paid $0 in taxes after making over $14,000,000,000 in profit & odumba hired GE exect jeffery emelt to his admin ... America knows that they cannot trust the corporate liberal swindlers of walstreet!

odumba LIED
Americans DIED

odumba is CORRUPT
America is BANKRUPT
Jon Dowell

Scottsdale, AZ

#8 May 13, 2011
DaveinMass wrote:
Or it could be that politicians have given corporations all those loopholes in the tax code over the years.
if U can creat jobstick then free C0rp taxi! ;-00000
Jon Dowell

Scottsdale, AZ

#9 May 13, 2011
Al Sharpton wrote:
after GE paid $0 in taxes after making over $14,000,000,000 in profit & odumba hired GE exect jeffery emelt to his admin ... America knows that they cannot trust the corporate liberal swindlers of walstreet!
odumba LIED
Americans DIED
odumba is CORRUPT
America is BANKRUPT
;-00000h, welcom 2American"tea! ;-00000000 U miss yo taxi ;)
alan

Batchelor, LA

#10 May 13, 2011
Le Jimbo wrote:
<quoted text>You just had all of the oil giants up at Capitol Hill yesterday, why wasn't GE, and other Obama's buddys up there too. Their profit margins are bigger than the oil companies. I can see millions of GE money coming back under the table to Obama's campaign.
maybe that was newts way of exposing GE that got tarp money from obama?george soros has ties to GE.GE has ties to many main stream media such as cnn and nbc and msnbc?they all support liberal agenda instead of the news?soros contributes millions of dollars to liberals!dig into this further for yourselves and you can see why GE PAID NO TAXES?unless you want to be blind you can see why the media only reports part of the news?billionaire soros has an input as to what the media reports!he is the most powerful liberal today!

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#11 May 14, 2011
Al Sharpton wrote:
after GE paid $0 in taxes after making over $14,000,000,000 in profit & odumba hired GE exect jeffery emelt to his admin ... America knows that they cannot trust the corporate liberal swindlers of walstreet!
odumba LIED
Americans DIED
odumba is CORRUPT
America is BANKRUPT
Obama lied, the dollar died.

“Liberal Teachers ruin Kids”

Since: Mar 09

Paradise Valley Arizona

#12 May 14, 2011
Le Jimbo wrote:
<quoted text>Obama lied, the dollar died.
Amen
Jon Dowell

Scottsdale, AZ

#13 May 14, 2011
Le Jimbo wrote:
<quoted text>Obama liEd, the dollarry diedc.
;)
1 post removed

Since: Aug 10

Decatur, GA

#15 May 16, 2011
Le Jimbo wrote:
<quoted text>You just had all of the oil giants up at Capitol Hill yesterday, why wasn't GE, and other Obama's buddys up there too. Their profit margins are bigger than the oil companies. I can see millions of GE money coming back under the table to Obama's campaign.
They ALL should be on Capitol Hill. NONE should be getting tax breaks at taxpayer expense. I'm not picking and choosing who should or shouldn't get tax breaks. If Obama's getting campaign money from GE then you can best believe Newt's getting some from somewhere else. It ALL needs to stop.
fox news tax cheats

Philadelphia, PA

#16 May 16, 2011
Fox News has benefitted from government largess for years; it is time to stop and to make Fox pay its own way. Reports as far back as 1999, show Fox’s parent company has exploited tax laws to avoid levies that all other citizens have to pay.

On consolidated pre-tax profits of $3.95 billion at that time, News Corporation and its subsidiaries paid an effective tax rate of only around 6%. By comparison, Disney, one of the world’s other media empires, paid 31%. Basic corporate-tax rates in Australia, America and Britain, the three main countries in which News Corporation operates, are 36%, 35% and 30%.

When giant, prosperous, multinational corporations get out of their tax obligations, ordinary citizens are the ones who are forced to make up the shortfall. That is effectively a tax subsidy for the corporations funded by you and me and all of the indignant Tea Partiers who claim to oppose special interest favors for the elites.

The article goes on to describe how News Corp used a complex network of accounting dodges - including as many as 60 shell companies that were incorporated in such tax havens as the Cayman Islands, Bermuda, the Netherlands Antilles and the British Virgin Islands.

http://www.economist.com/node/319862

http://www.nytimes.com/2007/06/25/business/me...

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#17 May 16, 2011
fox news tax cheats wrote:
Fox News has benefitted from government largess for years; it is time to stop and to make Fox pay its own way. Reports as far back as 1999, show Fox’s parent company has exploited tax laws to avoid levies that all other citizens have to pay.
On consolidated pre-tax profits of $3.95 billion at that time, News Corporation and its subsidiaries paid an effective tax rate of only around 6%. By comparison, Disney, one of the world’s other media empires, paid 31%. Basic corporate-tax rates in Australia, America and Britain, the three main countries in which News Corporation operates, are 36%, 35% and 30%.
When giant, prosperous, multinational corporations get out of their tax obligations, ordinary citizens are the ones who are forced to make up the shortfall. That is effectively a tax subsidy for the corporations funded by you and me and all of the indignant Tea Partiers who claim to oppose special interest favors for the elites.
The article goes on to describe how News Corp used a complex network of accounting dodges - including as many as 60 shell companies that were incorporated in such tax havens as the Cayman Islands, Bermuda, the Netherlands Antilles and the British Virgin Islands.
http://www.economist.com/node/319862
http://www.nytimes.com/2007/06/25/business/me...
Call me when you want to compare George Soros's 30 media outlet ties and what the do.

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#18 May 16, 2011
fox news tax cheats wrote:
Fox News has benefitted from government largess for years; it is time to stop and to make Fox pay its own way. Reports as far back as 1999, show Fox’s parent company has exploited tax laws to avoid levies that all other citizens have to pay.
On consolidated pre-tax profits of $3.95 billion at that time, News Corporation and its subsidiaries paid an effective tax rate of only around 6%. By comparison, Disney, one of the world’s other media empires, paid 31%. Basic corporate-tax rates in Australia, America and Britain, the three main countries in which News Corporation operates, are 36%, 35% and 30%.
When giant, prosperous, multinational corporations get out of their tax obligations, ordinary citizens are the ones who are forced to make up the shortfall. That is effectively a tax subsidy for the corporations funded by you and me and all of the indignant Tea Partiers who claim to oppose special interest favors for the elites.
The article goes on to describe how News Corp used a complex network of accounting dodges - including as many as 60 shell companies that were incorporated in such tax havens as the Cayman Islands, Bermuda, the Netherlands Antilles and the British Virgin Islands.
http://www.economist.com/node/319862
http://www.nytimes.com/2007/06/25/business/me...
When Obama runs against Herman Cain, and is defeated by Herman Cain, it will interesting to see you loons try to continue to play the race card.....your only defense against Obama's ineffectiveness, inexperience and his socialistic agenda.

Since: Jul 11

Location hidden

#19 Dec 14, 2013
Sheik Yerbouti wrote:
Sounds like newt (what an apt name!)doesn't want corporations to pay their fair share in taxes. Hell, the taxpayers just bailed them out not once but twice and yet they still want more!
Welcome to Oligarchy of America

Yes Prez Obama is a corporatist too..Green Energy, United Health,GM but at least he's a social progressive

Since: Jul 11

Location hidden

#20 Dec 14, 2013
Le Jimbo wrote:
<quoted text>When Obama runs against Herman Cain, and is defeated by Herman Cain, it will interesting to see you loons try to continue to play the race card.....your only defense against Obama's ineffectiveness, inexperience and his socialistic agenda.
Cain plays the race card after being the first Uncle Tom to lead a GOPassaur primary
1 post removed

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#22 Dec 14, 2013
swedenforever wrote:
<quoted text>Welcome to Oligarchy of America

Yes Prez Obama is a corporatist too..Green Energy, United Health,GM but at least he's a social progressive
Yes he is a communist.

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