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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMarty Sullivan figured out how the world’s biggest companies avoided billions in taxes. Here’s how h
Marty Sullivan figured out how the worlds biggest companies avoided billions in taxes. Heres how he wants to stop them.By Steven Pearlstein at the WP
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/26/marty-sullivan-figured-out-how-the-worlds-biggest-companies-avoided-billions-in-taxes-heres-how-he-wants-to-stop-them/?tid=rssfeed
"SNIP...............................
It was a humbling experience for the chief executive of the worlds most valuable company. Hauled before a Senate panel, Apples Tim Cook had to explain how an American company whose American engineers had created the iPhone and the iPad was able to avoid paying any taxes on billions of dollars in profits generated by those products not to United States, not to any country. The only defense the Cook could conjure up for Apple stateless income was that it was all perfectly legal.
A few miles away in Arlington, a 55-year-old economist named Marty Sullivan sat on a folding metal chair at a card table in the garage of his modest brick home and watched the hearing unfold on his laptop computer. Sullivan is one of those unheralded members of the permanent Washington establishment who make things work, at least when the politicians let them. And for two decades, from the same home office, Sullivan has been exposing the tax-dodging schemes of multinational corporations in the columns of Tax Notes, a must-read publication for tax lawyers, accountants and policy wonks.
It was Sullivan who shined an early light on how companies had finagled transfer prices the price one division charges another for parts or services to shift profits to low-tax jurisdictions.
It was Sullivan who had called out the big drug and tech companies for transferring ownership of their patents and trademarks the source of much of their profits to subsidiaries in Ireland and other low-tax jurisdictions.
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Egalitarian Thug
(12,448 posts)I'm still hopeful that as more people learn just how badly they're being ripped off by the parasite class, they will make it stop.
Probably naive, but I do cling to the faint hope.
PoliticAverse
(26,366 posts)Egalitarian Thug
(12,448 posts)Samantha
(9,314 posts)I thought it was fascinating. Then I held a political lens up against it and thought about all of the sacrifices poor and middle class people, and seniors as well, are being asked to make because of all of this tax avoidance. We need reform yesterday.
Sam
PoliticAverse
(26,366 posts)And his blog posts specifically:
http://www.taxanalysts.com/www/website.nsf/Web/MartinA.Sullivan?OpenDocument
Oldtimeralso
(1,940 posts)Why don't they pay income taxes as a person would?
applegrove
(119,087 posts)cstanleytech
(26,390 posts)and more often then not no one goes to jail for it where as most of us here if we committed a major crime would probably end up behind bars.
ReRe
(10,597 posts)Thanks for posting it applegrove...
applegrove
(119,087 posts)PoliticAverse
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