ST Alpha - "In the 60 Minutes piece it went to towns in Switzerland and Ireland where major US companies are "organized" to avoid US taxes." (Reading a Post)

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In the 60 Minutes piece it went to towns in Switzerland and Ireland where major US companies are "organized" to avoid US taxes.

Posted by pmb (aka pmb) Oct 19 '11, 14:32

They're paying 10-15% taxes there. I'm not sure why they pick there over the Caymans, but they are. It includes interviews with CEOs of US companies saying they would be fine at 15%. There is a cost to them maintaining these structures.

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[deleted] 4
- Probably not, but I think we're cutting off our nose to spite our face on this one. - pmb Oct 19, 14:36 3
  - [deleted] 1
    - Agreed. But when you see GE paying $0 in federal income taxes, this is a big reason why. I suspect that we're leaving a huge amount on the table. - pmb Oct 19, 14:49
  - except, it's not 35% of nothing. -- nm - znufrii Oct 19, 14:38

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In the 60 Minutes piece it went to towns in Switzerland and Ireland where major US companies are "organized" to avoid US taxes.

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