Quote:
Originally Posted by woob
A business exploiting tax benefits to bring new jobs or keep jobs here as opposed to overseas is great. A corporation employing a huge tax department, lobbying government for tax breaks, creating shelters, etc. to avoid millions/billions in US taxes, not so great. I'm pretty sure if you asked most of the #OWS crowd, they're looking to curtail the latter, not the former.
Regarding your back scratching, I agree, this will never/ever go away. However, regulations/rules can be put in place/changed so that this kind of thing is harder to do and/or, against the law. Simply stating that this kind of thing is never going to go away doesn't mean people protesting against it are wrong to do so, silly to do so, hippies for doing so.
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Explain the difference to me. All I can see different there is the result, job creation/retention. The second part is not different from the first. Both are utilizing the current rules and laws to their maximum benefit. What's wrong with employing a huge tax department? What's wrong with lobbying for tax breaks? What's wrong with creating legal entities that act as tax shelters?
If all of these things are done within the law and applicable accounting rules where is a corporation doing anything wrong? It's GE's fault that they have good accountants and tax planning so as to lessen their tax burden?