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News & Views | 12.13.12

Featured...

'I'd Rather Fight Like Hell': Naomi Klein's Fierce New Resolve to Fight for Climate Justice 
http://www.commondreams.org/headline/2012/12/13

Headlines...

Google on 'Immoral' Tax Evasion: 'It's Called Capitalism' 
http://www.commondreams.org/headline/2012/12/13-4

Israeli Troops Tear Gas West Bank Protesters Following Death of Teen 
http://www.commondreams.org/headline/2012/12/13-3

Historic Court Ruling: CIA's Rendition Program Clear Case of 'Torture' 
http://www.commondreams.org/headline/2012/12/13-2

Study Identifies 15 Top Threats to Biodiversity 
http://www.commondreams.org/headline/2012/12/13-8

Tunisia Gears Up to Host World Social Forum 
http://www.commondreams.org/headline/2012/12/13-0

Historic Court Ruling: CIA's Rendition Program Clear Case of 'Torture' 
http://www.commondreams.org/headline/2012/12/13-2

and more...

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Video...

The US' School to Prison Pipeline 
http://www.commondreams.org/video/2012/12/13

Dronestream: Every Reported US Drone Strike Over the Past 10 Years 
http://www.commondreams.org/video/2012/12/13-0

Matt Taibbi: After Laundering $800 Million in Drug Money, How Did HSBC Executives Avoid Jail? 
http://www.commondreams.org/video/2012/12/13-1

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Views...

John Nichols: Michigan Adopts the ALEC Model for Diminishing Democracy 
http://www.commondreams.org/view/2012/12/13-11

Amy Goodman: The Trials of Bradley Manning 
http://www.commondreams.org/view/2012/12/13-0

George Lakoff: Michigan’s New 'Corporate Servitude Law' Takes Away Worker Rights 
http://www.commondreams.org/view/2012/12/13

Michael Winship: Who Really Won the Election? Campaign Consultants 
http://www.commondreams.org/view/2012/12/13-5

Kate Aronoff and Martin Bourqui: Our Fossil Fuel Divestment Campaign's Math Is Sound 
http://www.commondreams.org/view/2012/12/13-1

Julianne Hing: The School-to-Prison Pipeline Gets Its First-Ever Airing in the Senate 
http://www.commondreams.org/view/2012/12/13-6

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Newswire...

Center for Economic and Policy Research: Chained CPI Cuts Social Security Benefits while Raising Taxes on Lower- and Middle-Income Workers 
http://www.commondreams.org/newswire/2012/12/13-2

Amnesty International: Today's Historic Ruling on Europe's Role in CIA Renditions Is a Milestone in the Fight Against Impunity 
http://www.commondreams.org/newswire/2012/12/13-1

ACLU: CIA Rendition & Torture Victim Wins European Human Rights Case 
http://www.commondreams.org/newswire/2012/12/13-0

and more...



 

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"I'm just trying to make a way out of no way, for my people" -Modejeska Monteith Simpkins

 

AFRICAN AMERICA IS AT WAR

THERE IS A RACE WAR ON AFRICAN AMERICA

THERE IS A RACE WAR ON AFRICAN AMERICANS

THERE IS A RACE WAR ON BLACK PEOPLE IN AMERICA

AMERICA'S RACISTS HAVE INFILTRATED AMERICAN POLICE FORCES TO WAGE A RACE WAR AGAINST BLACK PEOPLE IN AMERICA

THE BLACK RACE IS AT WAR

FIRST WORLD WAR:  THE APPROXIMATELY 6,000 YEAR WORLD WAR ON AFRICA AND THE BLACK RACE

Original Post

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Always enjoy reading Klien's work.

 

""This economic model is failing us spectacularly, on multiple levels," she added, "but we're still acting as if our goal is to save it," rather than transform it into something that won't destroy us."

 

And there there's this........

 

""I guess what I want to say is, I don't want to give them that power," she told me. "I'd rather fight like hell than give these evil motherfuckers the power to extinguish the desire to create life.""

 

Of course not to be out done, Google says admits what many are scared to confront.....

 

"When asked about Google's tax evasions by Bloomberg News last night, Schmidt said: ‘It’s called capitalism. We are proudly capitalistic. I’m not confused about this.’"

 

 

 

 

Google on 'Immoral' Tax Evasion: 'It's Called Capitalism'

 

'Hypocritical assertion of its corporate motto, 'Don’t Be Evil'"

- Craig Brown, staff writer

 

 

Google Executive Chairman Eric Schmidt has defended his company's 'immoral' tax policies,saying of the internet giant's evasions to get out of paying billions of dollars: "It's called capitalism."

 

News reports this week revealed that Google avoided paying at least $2 billion in taxes in 2011 by siphoning off $10 billion in profits to a Bermuda shell company. The figure is almost double the amount the company was hiding offshore three years ago, official company documents show.

 

When asked about Google's tax evasions by Bloomberg News last night, Schmidt said: ‘It’s called capitalism. We are proudly capitalistic. I’m not confused about this.’

 

The company reportedly uses complex tax schemes called the 'Double Irish' and 'Dutch Sandwich', which take large royalty payments from international subsidiaries and set up a shell corporation in countries with no corporate taxes, like Bermuda.

 

In the UK, Members of Parliament on the powerful Public Accounts Committee last monthslammed Google’s methods as ‘immoral.’

 

 

And while governments in France, Britain, Italy and Australia are probing Google's tax avoidance, in the US there has been no such probe. Instead, Google's Schmidt wasreportedly asked by President Obama to serve as either Treasury or Commerce Secretary in his second Administration. Apparently Schmidt said no.

 

California's ConsumerWatchdog.org, the progressive non-profit which advocates for taxpayer and consumer interests, wrote Wednesday to Sen. Max Baucus, Chairman of the Senate Finance Committee, calling for a Senate hearing into Google’s global tax avoidance strategies:

 

Governments in Europe, many of which have been targets of Google’s morally bankrupt tax polices, are actively seeking redress. But this is not a problem that only impacts other countries’revenues. Google’s tactics strike at the U.S. treasury as well, forcing the rest of us to make up for the Internet giant’s unwillingness to pay its fair share. It will be necessary to work with other countries’ tax authorities and to amend our tax code to put an end to egregious loopholes that allow cynical exploitation by this generation’s Robber Barons. What makes Google’s activities so reprehensible is its hypocritical assertion of its corporate motto, “Don’t Be Evil.”

 

Google isn't alone among big corporate tax evaders moving profits to tax shelters abroad.Boeing, DuPont, Capital One and General Electric paid a negative U.S. tax rate in 2010, according to Citizens for Tax Justice.

 

* * *

 

 

I agree with Schmidt that "it's capitalism."  

 

I also agree with the European countries that "it's immoral."  

 

I would hope that those countries find Google guilty and punish them.

 

I would hope the U.S. would do the same ... but, that's just wishful thinking because that's not gonna happen!!  

 

I also find it disappointing that the President would consider making him Treasury Secretary.  But, then again, I understand the President's way of thinking.  Who better to guard the hen house from foxes .. but another. bigger, badder fox??  

 

I mean ... that's what he did with the selection of Tim Geitner.  But, then again, our economy is on the rise ... instead of further free-falling like what is happening in the U.K.

Last edited by EbonyRose

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