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Steven Pearlstein - Google, tax dodger extraordinaire
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Pearlstein raises the question, are there business leaders who believe that what's good for America, is good for business, rather than the other way around. Google, like other technology companies, pays much less in taxes than the corporate tax rate suggests. Research by the Washington Post shows this to be 18%, not 35%, for 2009.
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Google's U.S. federal tax liability of 18%. GE's low tax rate.
10/28/2010
The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.
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New York Times 05/21/2013
The Corrosive Effect of Apple’s Tax Avoidance
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Public opinion in Europe on tax avoidance by Apple, Google, and other large digital companies
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Steven Pearlstein - Google, tax dodger extraordinaire
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Apple's cash holdings in foreign countries and in offshore tax havens
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Appleâs Web of Tax Shelters Saved It Billions, Panel Finds
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Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
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Google.
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Steven Pearlstein - Google, tax dodger extraordinaire
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