corporations parking money overseas to avoid taxation

DerekJohnson

ibtimes.com/ge-pfizer-microsoft-apple-other-major-us-corporations-are-parking-more-cash-abroad-avoid-paying

MikeDamone

That's their duty to their shareholders. I would be pissed if they didn't do this.

DerekJohnson

Yes, I wholeheartedly agree.

TommySQC

This was widely reported if Obama was elected that a lot of money was riding on it.

Its an old philosophical debate. Do corporations have more responsibility to their country or their shareholders?

I say shareholders. Many libs say their country....of course that's because they aren't flipping the bill.

I think back to my youthful days when I first heard the term "globalization" and how my lib teachers thought it was so fucking great, now bitch and piss and moan about how we are losing jobs to outsourcing and manufacturing sector has dried up. Laugh all you want but Kia cars are cheap and one of the best cars on the road in terms of value and reliability.

RaccoonHarry

MikeDamone said:

That's their duty to their shareholders. I would be pissed if they didn't do this.

Mike Damone is right. A corporation's PRIMARY obligation is to its stockholders. Anybody who doesn't believe that is a communist, socialist, or an Obama Democrat (might be some duplication there...)

TommySQC

RaccoonHarry said:

MikeDamone said:

That's their duty to their shareholders. I would be pissed if they didn't do this.

Mike Damone is right. A corporation's PRIMARY obligation is to its stockholders. Anybody who doesn't believe that is a communist, socialist, or an Obama Democrat (might be some duplication there...)

You do realize that we are in the minority now and dwindling fast....

RaceBannon

Take your money off shore and you're gone

TommySQC

RaceBannon said:

Take your money off shore and you're gone

You are UNAmerican!

CFetters_Nacho_Lover

If you're bitching about Obama, it means you're racist and you just can't stand seeing a blick in the WH!

TierbsHsotBoobs

If we're gonna keep this shit.unleashed.belongs here, I'll quit on the spot.

MikeDamone

If I have to keep my money in the US, that's when I will quit on the spot.