Home | Community | Message Board



Please support our sponsors.

General Interest >> Political Discussion

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post. Pages: 1
InvisibleXlea321
Stranger
Registered: 02/26/01
Posts: 9,134
Corporation neglects to pay tax
    #1310529 - 02/15/03 08:51 PM (14 years, 7 months ago)

Hmmm..Enron didn't pay any tax from 96-99. And got 382 million in tax refunds!!

Makes you wonder:

a) How many other corporations get away without paying tax for years
b) How many poor people would get away with not paying tax for three years...

Enron was also a master in not paying tax. In four out of the past five years Enron paid no income tax whatsoever in the US (called corporation tax in the UK).

It channelled company profits through the 881 subsidiaries Enron set up outside the US, the vast majority in tax havens. The company also avoided paying tax through deducting the profit that Enron executives made by cashing in stock options from its tax liabilities. This method allowed Enron, in 2000, to transform a tax bill of $110 million into a refund of $278 million. Since 1996 Enron received a total of $382 million in tax refunds.

Citizens for Tax Justice discovered that 24 of the US's top companies paid no tax at all in 1998. Enron acted perfectly legally. This shows how far the US government is in the pocket of big business.







--------------------
Don't worry, B. Caapi


Post Extras: Print Post  Remind Me! Notify Moderator
InvisibleCracka_X
Spiritual Dirt Worshipper
Male User Gallery

Folding@home Statistics
Registered: 01/25/03
Posts: 8,780
Loc: Swamp
Re: Corporation neglects to pay tax [Re: Xlea321]
    #1310611 - 02/15/03 09:54 PM (14 years, 7 months ago)

Its over, and they pay more attention to it, of course there were other companies involved and I believe they went bankrupt.


--------------------
The best way to live
is to be like water
For water benefits all things
and goes against none of them
It provides for all people
and even cleanses those places
a man is loath to go
In this way it is just like Tao        ~Daodejing


Post Extras: Print Post  Remind Me! Notify Moderator
InvisibleXlea321
Stranger
Registered: 02/26/01
Posts: 9,134
Re: Corporation neglects to pay tax [Re: Cracka_X]
    #1310771 - 02/16/03 12:01 AM (14 years, 7 months ago)

It's over? Who told you that? One got caught - that doesn't mean it's over.

Least we shouldn't take seriously anyone blowing it out their ass about welfare for the poor.


--------------------
Don't worry, B. Caapi


Post Extras: Print Post  Remind Me! Notify Moderator
InvisibleCracka_X
Spiritual Dirt Worshipper
Male User Gallery

Folding@home Statistics
Registered: 01/25/03
Posts: 8,780
Loc: Swamp
Re: Corporation neglects to pay tax [Re: Xlea321]
    #1311030 - 02/16/03 06:54 AM (14 years, 7 months ago)

Well I stand corrected, people still don't pay their taxes, but its more difficult nowadays to get away with it.


--------------------
The best way to live
is to be like water
For water benefits all things
and goes against none of them
It provides for all people
and even cleanses those places
a man is loath to go
In this way it is just like Tao        ~Daodejing


Post Extras: Print Post  Remind Me! Notify Moderator
InvisiblePrisoner#1
Even Dumber ThanAdvertized!
 User Gallery

Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
Re: Corporation neglects to pay tax [Re: Cracka_X]
    #1311099 - 02/16/03 07:42 AM (14 years, 7 months ago)

who says...I went eleven years without paying on dividens, earned wages, interest and every other source of income.....in the end...$10k tax bill just 10% of the original amount, not including the penalyis and interest.

Prisoner#1


Post Extras: Print Post  Remind Me! Notify Moderator
Jump to top. Pages: 1

General Interest >> Political Discussion

Similar ThreadsPosterViewsRepliesLast post
* Henry George and the Land Value Tax
( 1 2 3 all )
Silversoul 3,930 56 09/20/05 01:19 AM
by Silversoul
* Taxes, Progressive VS. Regressive Ellis Dee 843 1 08/10/01 08:06 AM
by Ellis Dee
* Fair Tax?
( 1 2 3 4 5 6 7 8 all )
SolomonTheShaman 6,765 143 05/01/09 06:56 AM
by Phred
* Lower taxes, lower deficit phi1618 316 1 09/09/08 05:57 PM
by Phred
* McCain calls for summer-long suspension of gas tax
( 1 2 all )
lonestar2004 2,628 27 04/16/08 09:38 PM
by johnm214
* When You Say You Hate Corporate America...
( 1 2 3 4 5 6 7 8 all )
Anonymous 9,990 140 12/29/02 08:05 PM
by djfrog
* Bush tax cuts and the USD
( 1 2 all )
phi1618 4,086 23 05/04/08 03:28 PM
by phi1618
* tax help please, i think i'm geting screwed sherm 670 13 01/30/05 11:58 PM
by RandalFlagg

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Enlil
521 topic views. 1 members, 0 guests and 6 web crawlers are browsing this forum.
[ Toggle Favorite | Print Topic | Stats ]
Search this thread:
Sporeworks
Please support our sponsors.

Copyright 1997-2017 Mind Media. Some rights reserved.

Generated in 0.024 seconds spending 0.008 seconds on 19 queries.