Google and Yahoo Are Big Tax Cheats, Too

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Comments

wait-Yahoo has profits?

Max Solomon on May 22, 2013 at 1:55 PM

Yes, @1, but they use accounting gimmicks to pay little or no taxes.

Will in Seattle on May 22, 2013 at 2:35 PM

Tax policy should be part of our foreign policy.

sloegin on May 22, 2013 at 2:47 PM

In other tax scams, the major US professional & college sports leagues rake in billions while at the same time they get public subsidies and weasel nonprofit status from the IRS, and pay approximately ZERO in federal taxes.

Demetria on May 22, 2013 at 3:02 PM

Actually, Apple was not charged with tax evasion.

spaceapple on May 22, 2013 at 3:24 PM

didnt they all pretty much support the democrats

on May 22, 2013 at 9:10 PM

Here's a summary of what these companies are doing. It's not particularly complicated:

http://lorijbrewster.weebly.com/uploads/…

David2020 on May 23, 2013 at 10:15 AM

It should have been. They aren't "manufacturing" anything in Ireland, and that's what's required for this to work under subpart F -- there are also huge intercompany pricing issues, asset valuation issues when the property was supposedly "transferred" offshore, and even an issue as to whether they in fact actually "transferred" any property to Ireland. We are, after all, talking about intangible property.

Here's one company's executive summary of how it supposedly works. It's not that complicated:

http://lorijbrewster.weebly.com/uploads/…

I regard them one and all as egregious tax cheats, on a worldwide basis.

David2020 on May 23, 2013 at 10:24 AM

Daily Show last night was spot on: who made the corporate tax code complicated if not the corporations and their lobbyists? They only want to repatriate now at little or no tax cost. They really aren't overwhelmed by its complexity.

biffp on May 23, 2013 at 12:41 PM