E-Commerce Times Talkback
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Here's a brief trivia quiz for would-be corporate accountants. How much federal income tax did Microsoft (Nasdaq: MSFT), the supreme ruler of the known software universe, and Cisco Systems (Nasdaq: CSCO), second only to General Electric as the most valuable company in the U.S., pay this past year?
Why don't you write one now that shows how Microsoft and Cisco have helped America?
For example, how many jobs have they created?
How many millionaires did they create?
How much money are the thousands of employees of these companies pouring into the public coffers by paying taxes?
How many ancillary jobs have these companies produced? (computer hardware makers, commercial construction jobs, residential home builders, electronic companies, news sources that profit off dissing them, etc.)
How much money have these companies or the CEOs given away in charities, and whether the money (if in the form of taxes) would have been spent better by money-grubbing politicians?
How (and why) many states and countries around the world promise corporations that they will not force them to pay taxes, just so that those corporations can bring jobs and money into their areas?
What would happen if states and other countries taxed large corporations according to what they believed necessary? (For the answer to this, please visit Cuba, N. Korea, China, and ask many Russians that did so in the Soviet Union.)
I am anxiously awaiting your article!
In your strident reply, you forgot to address the point at hand: Should corporations pay taxes at all? If not, why not?
Many capitalist countries tax corporations, is that Communism? Obviously not.