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Arch liberals at Google shelter $10 billion in tax-free Bermuda. Sure, Larry Page and Sergey Brin support Obama’s agenda – they’re loyal leftwing Democrats – but they want us to pay higher taxes, not themselves. They probably get together with Warren Buffet and laugh their butts off.

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PsychoDad December 11, 2012 at 9:12 am

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Bermuda, not Bahamas. Well really, on one hand, good for them. Shows they understand reality. I enjoyed reading more the different governments’ petulance asking “Why don’t you pay us more taxes?” As a business entity — good for Google. I avoid using it as much as possible, myself. Personally though, you two — loathsome hypocritical toads.

JPTravis December 11, 2012 at 9:16 am

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Oops. Reading comprehension – a skill that deteriorates with age. I fixed it.

flashingscotsman December 11, 2012 at 9:32 am

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I don’t have a problem at all with people or corporations getting their money out of the country. If I had enough to make it worthwhile, I’d do the same thing. The difference is, I don’t walk around talking like everyone else should be paying more. I want EVERYONE to pay less, and the government to be run in a Constitutional manner, so that there’s no deficit or debt.

ooddballz December 11, 2012 at 11:18 am

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Don’t care about the money, but the hypocrisy pisses me off.

Any one know a better search engine?

danybhoy December 11, 2012 at 11:45 am

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That’s just it, they are the best thing going in terms of search engines.
But they are pricks, & I’m not shocked they are going gault. Anyone who can get away with taking their money offshore, will.

PsychoDad December 11, 2012 at 5:24 pm

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I use something called Ixquick. Pretty good as a search engine. Their point is that they don’t track usage (like Google).I use this with a browser called Iron, a stripped – down version of Chrome that likewise does not record your habits. Ixquick integrates right in to use as default search engine, or you can use their homepage. My only complaint is that any video search takes you to something called blinx, I think it is, rather than to Youtube or elsewhere. Maybe it’s their revenue, but I never see ads there, butthen again i also use some good adblockers.

https://ixquick.com/eng/protect-privacy.html

Alien December 12, 2012 at 1:00 pm

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i trust Chrome’s Incognito Mode well enough.. sounds like Iron really just pursuing that as default.. i thought this supposed origins conversation was interesting: http://neugierig.org/software/chromium/notes/2009/12/iron.html

GERMANS!

Still, curious.. i think you’ve mentioned Iron before, i’ll download and try later

flashingscotsman December 12, 2012 at 6:07 pm

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I didn’t even know about incognito mode. That’s pretty cool.

poppajoe49 December 13, 2012 at 6:12 am

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If it’s run by google, I wouldn’t trust it to be truly incognito.

DefHarryMelon December 13, 2012 at 6:17 am

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Aye, there’s the rub! Get TOR.

flashingscotsman December 13, 2012 at 9:54 am

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My phone is an Android, so I can’t hide much anyway.

KimmyQueen December 11, 2012 at 1:26 pm

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It is only okay when Liberals do it.

If I had ten billion dollars I will turn a great number of it into tangible wealth and land and make sure the bulk if not all of it is in several different places. It is what you have to do if you want to escape the oppressive taxation of socialist countries like the Obama’s USA.

Alien December 11, 2012 at 2:15 pm

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This article is about the corp dodging Euro taxes, isn’t it? (not about the founders taking their personal wealth out of U.S.) Not sure our own taxcode relevant, unless they attempt to repatriate?

Would it be preferable for them to dodge foreign tax, and repatriate here at a reduced rate? Trying to think about how to incentivize return of capital to our own economy

flashingscotsman December 11, 2012 at 2:39 pm

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Charge a decent tax rate?

JPTravis December 11, 2012 at 3:41 pm

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“This article is about the corp dodging Euro taxes, isn’t it?”

No, it’s about dodging U.S. taxes, too. Much of the article is taken up with European outrage, but it specifically includes U.S. taxes as among those being avoided by attributing the revenue to its Bermuda subsidiary. I think there is simply less outrage here, because – as comments here suggest – Americans tend to be more understanding of tax dodges. We tend to root for the dodger against the IRS.

flashingscotsman December 11, 2012 at 5:43 pm

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As far as I’m concerned, any corporation that pays more taxes than the law require is not just stupid, but irresponsible. Buffet is a different story.

Alien December 12, 2012 at 9:12 am

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Understood there’s a larger context surrounding the article.. but my main points are:

1) the article is about Google corp’s foreign revenue being banked in Bermudas to avoid taxation abroad (mostly Europe). Its not about what Larry and Sergey are doing with their wealth (which is still dominated by Google stock/paper)

2) Google states, interestingly, that they prefer to pay U.S. taxes because that creates “economic value”.. I’m very curious about that statement, esp since California is falling apart around their ears

There is this vague bit: Still, Google attributes some profit based on technology created in the U.S. to offshore subsidiaries I’m not sure what this entails exactly. tech created in U.S. could be algorithms, or data-center architecture, who knows. Their overall taxrate is 22.2%, while foreign rate is 2.3%, so I’d say they’re sticking it to the foreigners more then us

Because of this article, though, i’ve been getting a little more familiar with territorial tax systems, et al, meant to encourage corps to bring foreign revenues home. Complex issues..

JPTravis December 12, 2012 at 9:45 am

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Complex issues indeed. Common sense cuts right to the solution however: end corporate taxation entirely since it is by definition double taxation. If we did that, every corporation would be eager to repatriate their earnings to the U.S., thereby creating a funding glut that would capitalize an economic boom.

flashingscotsman December 12, 2012 at 10:06 am

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The end consumer pays ALL corporate taxes anyway.

JPTravis December 12, 2012 at 10:20 am

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Even more pertinent, the owners of the coporation pay income taxes on their dividends when corporate profits are distributed, so why should the corporation also pay income taxes on the same profits? It’s one of the most ridiculous aspects of the tax structure.

Alien December 12, 2012 at 11:23 am

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ahhh i didn’t realize that.. i figured dividend payout would be pre-tax (for the corp itself), and recipient paid the tax

well that sucks..

then again, i’ve never managed to own a stock that paid out either

JPTravis December 12, 2012 at 12:28 pm

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“i figured dividend payout would be pre-tax”

You figured that because you are logical. But leftist Occupy-type human beings are immune to logic – all they know is they hate corporations.

It should be one way or the other: either tax corporate profits and don’t tax dividends to shareholders, or vice versa.

The trouble with taxing dividends is that many very large companies (like the ones you own apparently) don’t pay dividends because they are busy growing and want to retain their capital to finance the growth. So Google, for example, could be practically minting money, dominating the world, and never pay a dime of taxes because they don’t pay dividends. Sounds bad at first, but I actually don’t mind that scenario because it keeps money in the hands of the fastest growing commercial enterprises. Seems like good public policy to me.

xgman December 11, 2012 at 5:08 pm

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Hidden due to low comment rating. Click here to see.

Sidekick December 11, 2012 at 5:14 pm

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Why?

Not so silent December 11, 2012 at 5:39 pm

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He is a racist Jew hater and I think he is also not fond of blacks, maybe it’s time for xgman to go away and take his hood and burning cross with him…It appears we have another nut case in the area.

Sidekick December 11, 2012 at 5:42 pm

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Pathetic little roach, isn’t he?

flashingscotsman December 11, 2012 at 5:50 pm

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I think he’s a Muslim. Which would put him a bit below pathetic little roach in my opinion.

JPTravis December 11, 2012 at 6:16 pm

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Have we ever seen Crowley and xgman at the same time?

drb December 11, 2012 at 6:28 pm

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funny you should mention that…I don’t think xgman is crowley but I have a suspicion he may be some one else…checking some things…

JPTravis December 11, 2012 at 8:01 pm

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I don’t like deleting comments or blocking people but gratuitous anti-Semitism might be worthy of the honor.

drb December 12, 2012 at 5:12 am

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I wouldn’t miss him.

xgman December 12, 2012 at 7:33 am

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Hidden due to low comment rating. Click here to see.

flashingscotsman December 12, 2012 at 10:07 am

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TD,………….MO.

flashingscotsman December 11, 2012 at 5:41 pm

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Turd.

pink Floyd December 12, 2012 at 5:28 am

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You must be part of that ever growing minority of
Americanus Moronicus. Thought to be close to extinction, but in the last twenty-two years have greatly surged in numbers.

IHTM now has at least two slithering in and out of the shadows.

deepthinker December 12, 2012 at 4:08 am

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The boys at Google found away to hide and shelter their money. Then they have the gall to tell everyone else that they should be paying more and their fair share. I don’t have a problem with them using the tax code to get around paying more taxes at all levels. It sure as hell PISSES me off when they stand up and tell me and others that we aren’t doing enough by paying more in taxes.

Okay boys at Google, it’s time to close the off shore accounts and put your money back in a financial institution in California. Then you can enjoy paying more and your fair share. Otherwise STFU and go sit next to Warren. You lying bastards all.

poppajoe49 December 12, 2012 at 5:42 am

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Very true. Those that hide the majority of their wealth where it can’t be taxed, and then support raising taxes on the rich, are the biggest hypocrites out there.
If they support tax increases, their offshore accounts should be seized to cover the tax.

danybhoy December 12, 2012 at 5:51 pm

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It’s called pulling up the ladder behind them so you can’t be like them.

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