Study shows corporations manipulate export-import prices to avoid taxes

NEPA News ^ | November 02, 2002

[evolved_rage]

I bet they don't even teach this as "tax abuse" but as "best practices". The way to get at the true profits of a business unit is to follow the management bonuses and benefits expense...if you can. The MFs hide it too well.

[keithtoo]

Taxation is theft!

Therefore tax avoidance is burglar bars.

[per loin]

Unleash American productivity by switching from income taxes to tariffs.

[ItisaReligionofPeace]

PricewaterhouseCoopers places ads in college newspapers that state, "Shoes manufactured in Mexico, laces in Japan. Reverse the equation and you owe ten million dollars in Taxes."

The bottom of the ad says, "Help us help companies determine how import taxes, manufacturing costs and labor will affect their profits, and we'll help you build a career."

[evolved_rage]

Anything about access to a network of inside info that audit folks trade with their colleagues??? Big X CPA's are essentially lawyers with dandruff.

[ikka]

Get rid of our lame tax system and watch this kind of stuff disappear.

[elbucko]

Therefore tax avoidance is burglar bars.

I agree. Corporate income tax should be repealed. Profits should pass , untaxed to investors and taxed as income. If the investor is a pension fund, taxes can be deferred, and will give accountants something to do (which is really what a lot of tax complexity is all about).

Stocks would be a better investment, as profits in the form of dividends, would be a better measure of a companies value, than just its price.

[palmer]

avoid paying $53 billion in U.S. taxes.

If tax avoidance is that high, taxes should be lowered. But I doubt it is, I don't believe their numbers. And even if they're true, it only represents a couple percent of the $2 trillion in trade.

[Willie Green]

And even if they're true, it only represents a couple percent of the $2 trillion in trade.

But $53 billion would take a sizeable chunk out of our nation's budget deficit.

U.S. Posts $159 Billion Budget Deficit

We'd still have a $106 billion shortfall, but that's not as bad as $159 billion.

[Willie Green]

Corporate income tax should be repealed.

Why should individual U.S. taxpayers subsidize a military that's used to secure the financial interests of transnational tax cheats?

[n2002duke]

How about getting rid of job-killing corporate taxes? How can any American complain about layoffs and then turn around and support a taxation system that destroys jobs?

[vnix]

Know what, I read this article two times and found nowhere that this practice is illegal, unethical maybe but not illegal. So I say so what. How many things do you liberals do that are illegal and unethical? And when you're caught, you blame it on someone else, or you cry foul, saying you were done wrong. But when an EVIL businessman or a job creating corporation does it, you again cry foul. You people are the most insolent, dishonest bunch of worthless heithans that walked this American soil.

[Willie Green]

Know what, I read this article two times and found nowhere that this practice is illegal

There you go again...
spinning those multiple definitions of the word "is".
Would you care to remind us how large a deduction you took for those soiled boxer shorts you donated to Goodwill?

[vnix]

Incredible, I post nothing but facts and you respond with your insolence. I don't wear boxers and I don't donate soiled drawers. You show your artificial intelligence by your venomous replies, but hey, we'll see what the true working people of this land decides on nov 5. Hell, then whining little pussies like you will have a field day. Your complaining will have no end.

[Leto]

Go to the Forbes Flat Tax, choose the flavor where shareholders are taxed on their capital gains and dividends as ordinary income. Eliminate the corporate tax. BTW this will encourage corporations to add value here (build stuff here).

[Willie Green]

Incredible, I post nothing but facts

IMHO, it was nothing but an ad hominem rant.

But thanks for bumping the thread.

[vnix]

Whatever, your "blame the rich guy ilk" is getting old and people are tired of hearing it. Few people get anywhere by whining. Get a job and stop whining. Be happy for what you have. Not what you don't. You might like yourself for it. Now I will not reply to you again, so you have your chance at the last word. just watch nov 5. Most Americans really are getting tired of people like you.

[Willie Green]

Whatever, your "blame the rich guy ilk" is getting old and people are tired of hearing it.

vnix signed up 2002-10-11.

How many previous screen names have you utilized to launch personal attacks?

[vnix]

You launched the personal attack. I may have signed up recently, however, that was just to post. I've been reading this stuff for about three years now. But the typical liberal you are, you blame me for what you do. Incredible hypocrite. Get a life, your parents might actually become proud of you.