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Keyword: obamites

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  • Google saves $2B in taxes by sheltering $10B in revenue in Bermuda

    12/10/2012 9:18:06 AM PST · by Obadiah · 16 replies
    CNET ^ | 12/10/2012 | Shara Tibken
    Google avoided about $2 billion in global income taxes last year by shifting $9.8 billion in revenue into a Bermuda shell company, Bloomberg reported. That level is almost double the total from three years ago, Bloomberg said, citing a Nov. 21 regulatory filing by a Google subsidiary in the Netherlands. And it allowed Google to cut its overall tax rate almost in half. Google's action -- moving about 80 percent of its total pretax profit from 2011 to tax-free Bermuda -- isn't illegal. On the contrary, many companies have taken similar steps in recent years to avoid paying steep taxes....
  • Obamites: The Private Sector as Cash Cow Only

    06/26/2010 6:47:23 AM PDT · by brucek43 · 12 replies
    The Collins Report ^ | 06/26/10 | Bruce Karlson
    A snifter clink to Michael Cembalest of JP Morgan for his study of Cabinet Secretaries: State; Commerce; Treasury; Agriculture; Interior; Labor; Transportation; Energy and Housing & Urban Development. It puts flesh on that which we all know: Barak “Chicago” Obama sees business as a cash cow to keep the corruption machine oiled. After all, how could Michelle have been paid north of 300k a year for a part time gig at a hospital without some help? And this was before she was proud to be an American!!!! Sinatra could have been singing “Chicago, Chicago, My Kind of Town,” to the...