Big U.S. companies take tax gripes to Geithner

Reuters ^ | 1/14/11 | Kim Dixon

[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.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[Frantzie]

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?

[ClearCase_guy]

“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?”

[Lazlo in PA]

Good luck talking to this administration on overbearing Gov't. It isn't going to do a thing.

[Spok]

“Big U.S. companies take tax gripes to Geithner”

If they brought their checkbooks, I expect something will be worked out.

[what's up]

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.

[KarlInOhio]

Intuit CEO: Mr. Geithner, why did you drag our fine Turbo Tax product through the mud as an excuse for your tax fraud?

[Colonel_Flagg]

I can just see Geithner addressing that meeting.

“Just do what I do, gentlemen...forget to pay.”

[PSYCHO-FREEP]

These are the same Corporations that contributed to getting MaObama elected. We warned them, they ignored us. Now they live with the results.

[Nachum]

Triangulation?

http://www.nachumlist.com/triangulation.htm

[griswold3]

Society of lies

there’s little of the ‘progressive’ agenda that producers can support. that leaves the looters and moochers

[griswold3]

yup, expecting a billion dollar war chest for obamao in 2012