US Defense CONTRACTORS Avoid paying taxes
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US Defense CONTRACTORS Avoid paying taxes
The US Defense Department (DOD) now (2009) pays contractors over $396 billion annually. These huge US corporations don’t want to pay any US taxes. They all now outsource labor and operations to tax havens that allow them to avoid paying US taxes.
This outsourcing also means NO American jobs, no payments into Social Security, Medicare and no income taxes paid by the companies. Since this is YOUR money maybe some of it should be spent here at home hiring American workers and helping our failing economy.
The GAO study in 2009 found that the following US companies (All patriots) now operate in tax havens to avoid paying unpatriotic US corporate taxes:
Company: # of tax havens
· Oracle 77
· Boeing 38
· Dell 29
· Bearing Point 28
· Computer Sciences Corp. 21
· Fluor Corp. 34
· General Dynamics 5
· Harris Corp. 13
· Hewlett-Packard 14
· Honeywell International 7
· ITT Corp. 18
· L-3 Communications 15
· Sprint Nextel 7
Many of these contracts are for CIA, NSA, Homeland Security, National Reconnaissance Office (NRO) and the National Geospatial-Intelligence Agency (NGA). These and additional programs are leading edge technologies and these jobs go to foreign labor.
More and more of our core technology developments, using taxpayer money are going to other countries. This is a very dangerous situation as some are now being done in Communist China. I know the Republicans and right-wing nut-jobs now love this Godless dictatorship with no FREEDOM of speech, press or religion, but they don’t love us.
GAO auditors reported that US Corporate subsidiaries were set-up in tax havens in the following countries with the intent to AVOID paying US taxes; the Bahamas, Switzerland, the Cayman Islands, Bahrain, Netherlands Antilles, Jersey, Bermuda, the Channel Islands, Luxembourg, Macao, Lebanon, Liechtenstein and Cyprus “helped the 29 contractors reduce taxes, with about one-third decreasing their effective U.S. corporate tax rates in 2008 in part through the use of foreign affiliates, lower foreign tax rates, and indefinite reinvestment of foreign income outside of the United States.”
The idea that having a Post Office Box in Bermuda and having payments sent their while doing the work in another country is truthful, moral or ethical is laughable, but worse it is hurting America and Americans.
Every dollar these companies avoid paying increases the federal deficit.
None of these companies actually does any work in these tax havens. This is a simple accounting trick, nothing more.
The GOA said that five of the above companies admitted they moved to a tax haven to avoid paying FICA tax payments. The GAO also found this allowed the contractors to reduce costs by avoiding state and federal unemployment insurance taxes for U.S. personnel working overseas.
If you could you elect to have your wages sent to one of these tax havens and avoid paying any taxes, would you do it? Is it moral to ask other Americans to pay their taxes to run the government and avoid paying taxes yourself? Is it Christian?
Matthew 22:39-40
39"The second is like it, YOU SHALL LOVE YOUR NEIGHBOR AS YOURSELF.'
40" On these two commandments depend the whole Law and the Prophets."
Matthew 7:12 GOLDEN RULE
12 “Therefore all things whatsoever ye would that men should do to you, do ye even so to them: for this is the law and the prophets.”
John 14:15 “If ye love me keep my commandments.”
