Home Main Forums General Discussion Microsoft’s Offshore Profit Pile Surges Past $100 Billion

  • FanBoy (7985 posts)
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    Microsoft’s Offshore Profit Pile Surges Past $100 Billion

    Baker/AFP/GettyImagesMicrosoft Corp.’s stockpile of offshore profits rose to $108 billion, with a 17 percent increase over the past year as the company continues reaping profits in low-tax foreign jurisdictions.
     
    The company crossed the $100 billion mark, making it just the second U.S. corporation — after General Electric Co. — to do so, according to a securities filing July 31. Apple Inc. has more cash abroad than Microsoft, but it already has assumed for accounting purposes that it will pay tax on some of the stockpile and thus has less than $70 billion offshore that would affect earnings directly if repatriated.

    What’s keeping Microsoft’s cash abroad is the U.S. tax code. The company would be required to pay the difference between its foreign taxes and the 35 percent U.S. corporate tax rate if it brought the money home.

    https://www.bloomberg.com/news/articles/2015-08-03/microsoft-s-offshore-profit-pile-surges-past-100-billion-mark

    (that’s a marginal tax, btw – they never explain that when they talk about it so the average person thinks you pay 35% on the whole nut)

     

     

     

    Charles, Doremus Jessup like this

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6 replies
  • Ferd Berfel (4514 posts)
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    1. the Sr management and entire board

    Should be locked up until they pay their taxes in full

    …and you think you’re going to stop this simply by ‘pulling a lever’, in a booth, behind a curtain, every 2 years? - Know yourself. And if you need help with that, call the FBI. -  There is only ONE solution to this mess:  New Party !  
    • Enthusiast (8865 posts)
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      3. Giant Plus One!

      "The NSA’s capability at any time could be turned around on the American people, and no American would have any privacy left, such is the capability to monitor everything. There would be no place to hide."  Frank Church "When plunder becomes a way of life for a group of men in society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat, 1848
  • INTJ (2171 posts)
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    2. Great chart…

    tax relief to corporations is great for profits, not so much for Fed revenue

    Can’t say we fit in a bathtub, yet?  But drowning doesn’t seem so far away.

     

    WARNING: Dem products are know to cause Progressive voters anxiety and chronic depression.  Donations less than $2500 do not provide membership benefits and should not be expected to yield fair primaries, better representation, or legislative favors.    All donations are deemed voluntary and are not bound to typically false campaign promises.  Upon receipt the DNC is free to redirect all donations to its best friends forever.
  • Doremus Jessup (2234 posts)
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    4. I see another "tax holiday" on the horizon

    Bush took it down to 5% and we brought in 14 billion rather than 70 billion. Obama talked about a rate of 13%. We could plug alot of holes if theyjust paid their taxes. They are nowhere near the 35% number that is often stated as the gospel. The small business owner pays the 35%. The multinational pays closer to 19% after all of their write offs and tax gimmicks. Buffet pays around 14%. I’m convinced Gates doesn’y pay any taxes and many large corporations not only don’t pay any taxes but get large erfunds. This is the lack of fairness that Bernie focused on and helped him draw such a huge following. It’s impossible to boycott these corporations because they have their tentacles into everything and have monopilies on top of that. Most people have no idea  what they own in their 401 k’s or 403 b’s to begin with and even fewer understand that with the annual fees they would be lucky to get 60% of their savings after fees for 30 years or until retirement. The early withdraw penalty until you reach a certain age, 59 years old for a friend of mine who is retired from UPS, keeps his money in the game. Luckily UPS has their own pension fund so he should get 100% of his savings upon his 59th birthday. He plans to cash out. His healthcare benefits keep going up all the time and he was lucky enough to inherit a house when his Mother passed away as his parents actually planned for their death and they beat the 5 year clawback.

    Fighting for peace is like screwing for virginity. End ALL occupations and bring the troops home.
  • Green Dog Dem (3276 posts)
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    5. Repatriation is a YUGE! issue in Silicon Valley.

    All our reps are Dems, but some, like my own rep Anna Eshoo, toe the $iliValley line on stuff like this.  My own suggestion would be to let them repatriate the megabuck$$$ IF they invested it in useful things like affordable housing.

    Aloha! KamaAina in the hale (house).
    • FanBoy (7985 posts)
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      6. My suggestion would be to ship them all out on a floating island and let them

      eat each other.

      They’re worse than the robber barons.

      Equally duplicitious and criminal but a ton more smarmy and arrogant.