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Big U.S. companies take tax gripes to Geithner
Reuters ^
| 1/14/11
| Kim Dixon
Posted on 01/14/2011 11:55:27 AM PST by Nachum
Chief financial officers from multinational companies meet with Treasury Secretary Timothy Geithner on Friday to air gripes about the tax code under which they pay the steepest rate in the industrialized world. Companies want the rate slashed, arguing that it handicaps them competitively against their foreign-based peers. "The current tax code with its punitive corporate rates and complex maze of deductions and credits highly distorts economic decision-making," said Dean Garfield, president of the Information Technology Industry Council, whose members Cisco Systems and Microsoft Corp will attend the meeting.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: big; companies; gripes; tax
1
posted on
01/14/2011 11:55:28 AM PST
by
Nachum
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
2
posted on
01/14/2011 11:56:12 AM PST
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Nachum
The US is now like athird world kleptocracy where big businesses can bribe and negoitiate their tax rates. Rule of law? What rule? What law?
3
posted on
01/14/2011 11:59:51 AM PST
by
Frantzie
(Slaves do not have freedom only the illusion of freedom & their cable TV to drool at)
To: Nachum
“Thank you for bring your concerns to us here at Treasury. We will look into the matter. Oh, by the way, my secretary wishes to inform you that by some tragic accident, all of your dogs were shot by the police this afternoon. Is there anything else I can do for you? No? Then I suppose you can show yourselves out?”
To: Nachum
Good luck talking to this administration on overbearing Gov't. It isn't going to do a thing.
5
posted on
01/14/2011 12:08:46 PM PST
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: Nachum
“Big U.S. companies take tax gripes to Geithner”
If they brought their checkbooks, I expect something will be worked out.
6
posted on
01/14/2011 12:09:41 PM PST
by
Spok
("What are you going to believe; me or your own eyes?" -Groucho Marx)
To: Nachum
Obama is going to abandon his left-wing and lower corporate tax rates.
Mark my words. He's going to the middle because that's the only way to can possibly have half a chance for '12.
7
posted on
01/14/2011 12:11:11 PM PST
by
what's up
To: Nachum
Intuit CEO: Mr. Geithner, why did you drag our fine Turbo Tax product through the mud as an excuse for your tax fraud?
8
posted on
01/14/2011 12:12:24 PM PST
by
KarlInOhio
(Washington is finally rid of the Kennedies. Free at last, thank God almighty we are free at last.)
To: Nachum
I can just see Geithner addressing that meeting.
“Just do what I do, gentlemen...forget to pay.”
9
posted on
01/14/2011 12:12:32 PM PST
by
Colonel_Flagg
("Take out the third, fifth and sixth letters and it's 'Red Digest', Comrade!")
To: Nachum
These are the same Corporations that contributed to getting MaObama elected. We warned them, they ignored us. Now they live with the results.
10
posted on
01/14/2011 12:16:30 PM PST
by
PSYCHO-FREEP
( Give me Liberty, or give me an M-24A2! (Cause I'm a nutcase....))
To: what's up
11
posted on
01/14/2011 12:18:20 PM PST
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Frantzie
Society of lies
there’s little of the ‘progressive’ agenda that producers can support. that leaves the looters and moochers
12
posted on
01/14/2011 1:53:16 PM PST
by
griswold3
(We defend conservatism by our very way of life.)
To: Spok
yup, expecting a billion dollar war chest for obamao in 2012
13
posted on
01/14/2011 1:55:06 PM PST
by
griswold3
(We defend conservatism by our very way of life.)
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