Quoted from DemocraticVoiceOfReason

Raising taxes - on ANYBODY - during an economic slowdown is the worst possible path to take.  I agree with Republicans in the House and Senate like Representative Chris Gibson who believe that we need a comprehensive reform of our tax system.

BTW - I heard Representative Gibson being interviewed last week on the radio and he was absolutely on the money about the future direction that Congress and our nation should take.  I hope that LEADERS like Mr. Gibson get an opportunity to lead the GOP and Congress in the years ahead -- rather than the FOLLOWERS/Pelosi-Palooza types.

Quoted from DemocraticVoiceOfReason

Raising taxes - on ANYBODY - during an economic slowdown is the worst possible path to take.  I agree with Republicans in the House and Senate like Representative Chris Gibson who believe that we need a comprehensive reform of our tax system.

BTW - I heard Representative Gibson being interviewed last week on the radio and he was absolutely on the money about the future direction that Congress and our nation should take.  I hope that LEADERS like Mr. Gibson get an opportunity to lead the GOP and Congress in the years ahead -- rather than the FOLLOWERS/Pelosi-Palooza types.

Quoted Text

Google, Amazon and Starbucks face questions on tax
Published - Nov 12 2012 02:18PM EST

DAVID STRINGER, Associated Press

LONDON (AP) — British lawmakers on Monday accused major multinational companies of aggressive tax avoidance, amid calls by the U.K. government for a global crackdown on firms which seek to evade tax.

In sometimes bitter exchanges at a parliamentary committee hearing, legislators questioned Starbucks, Google and Amazon about the amount they pay to the U.K. government in taxation.

Lawmakers scoffed as Troy Alstead, Starbucks global chief financial officer, claimed that the fact the coffee giant had reported losses for all but one of the 15 years it has operated in the U.K. was down to poor performance — and not an attempt minimize its taxes in Britain.

"You have run the business for 15 years and are losing money and you are carrying on investing here. It just doesn't ring true," said Margaret Hodge, head of parliament's Public Accounts Committee.

Alstead acknowledged to the panel that its taxable profits in the U.K. are calculated after royalties paid to its European headquarters in the Netherlands have been deducted. He said that Starbucks had a special tax arrangement with the Dutch government covering its headquarters, but declined to give details.

"Respectfully I can assure you there is no tax avoidance here," Alstead told the panel.

Companies operating in Europe can base themselves in any of the 27 EU nations, allowing them to take advantage of a particular country's low tax rates.

Alstead insisted that Starbucks was not seeking to mislead investors or tax authorities about its performance in Britain.

"We are not at all pleased about our financial performance here. It is fundamentally true everything we are saying and everything we have said historically," he told the committee.

Last week, Britain and Germany called for the world's largest economies to do more to collaborate to fight tax evasion, particularly in online commerce.

Hodge told witness Andrew Cecil, public policy director at Amazon, that many people in Britain are angered over the low tax rates paid by the retailer.

"Your entire activity is here yet you pay no tax here and that really riles us," she said.

Quoted from joebxr

As for your friend in England, check out their tax strutures and benfits, and then look at their 7 version of retirement options/structure.  Might make you thin our system is not so bad afterall.

Quoted from joebxr

Raise taxes; lower taxes; elimnate taxes' it don't matter CUZ YOU DON'T PAY TAXES Mr. EXPERT!

Quoted from CICERO

Well, since we can pick and choose who pays and who doesn't, I figured I'd throw my suggestion out there.  If we are going to pick and choose who to punish with the tax code, I say let's not punish the 20 something year olds for the mismanagement by politicians they couldn't even vote for. They are being punished with a lower standard of living because of the sins of their parents.

Quoted from Box A Rox

If Obama pounded one message in this campaign, it was 'Tax The Rich'... and the majority of Americans
agree.

Quoted from Box A Rox

If Obama pounded one message in this campaign, it was 'Tax The Rich'... and the majority of Americans
agree.

Quoted from DemocraticVoiceOfReason

And Obama is wrong -- and so were those who voted for him.   Obama and certain Tax and Spend extremist liberals may have won the election -- but the fight still goes on and this extremism must be fought EVERY inch of the way.

Quoted from senders

FLAT TAX MAKES IT FAIR....it removes the green glob of envy