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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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39 Comments on "Arch liberals at Google shelter ten billion dollars in Bermuda"

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[…] the original post: Arch liberals at Google shelter ten billion dollars in Bermuda Tags: new format Category: 2010 Elections You can follow any responses to this entry via RSS. […]

deepthinker
Member

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
Member

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
Member

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

xgman
Member

They must be jews.

pink Floyd
Member

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.

Sidekick
Member

Why?

flashingscotsman
Member

Turd.

Not so silent
Member

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.

JPTravis
Member

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

drb
Member

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
Member

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

drb
Member

I wouldn’t miss him.

xgman
Member

I am going to northern VA for a extended stay so I will not be posting for awhile. So good by all it was a lot of fun.To use the words of another great American GDM I SHALL RETURN.

flashingscotsman
Member

TD,………….MO.

Sidekick
Member

Pathetic little roach, isn’t he?

flashingscotsman
Member

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

Alien
Member

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

JPTravis
Member

“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.

Alien
Member

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
Member

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
Member

The end consumer pays ALL corporate taxes anyway.

JPTravis
Member

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
Member

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
Member

“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.

flashingscotsman
Member

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.

flashingscotsman
Member

Charge a decent tax rate?

KimmyQueen
Guest

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.

ooddballz
Member

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

Any one know a better search engine?

PsychoDad
Guest

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
Member

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
Member

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

poppajoe49
Member

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

DefHarryMelon
Member

Aye, there’s the rub! Get TOR.

flashingscotsman
Member

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

danybhoy
Member

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.

flashingscotsman
Member

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.

PsychoDad
Guest

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
Member

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

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