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Google shifts a record $10B to Bermuda shell firm, avoids billions in taxes

10 pointsby Reltairover 12 years ago

3 comments

aneth4over 12 years ago
American citizens, unlike citizens of other countries, are taxed on their world-wide income - regardless of where or how they earn.<p>Corporations have accumulated most of the advantages of being human, but avoided most disadvantages. There is a serious imbalance here when corporations have many of the rights of citizens, but can not go to jail and do not have the same tax obligations.
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dangrossmanover 12 years ago
Existing discussion from today: <a href="http://news.ycombinator.com/item?id=4899236" rel="nofollow">http://news.ycombinator.com/item?id=4899236</a>
jrogers65over 12 years ago
&#62; One British MP recently chided a top Google official for the practice, calling it “immoral.”<p>Some would call lying to the British public about a certain country's WMD capability, forcefully collecting taxes (you get thrown in a cage if you dissent) and making them pay for it all immoral. But who's to judge, eh?
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