Traitor Rand Paul Congratulates Caterpillar For Illegally Avoiding Billions Of $$$ In Income Tax

[kpete]

Caterpillar, the big American maker of heavy construction and mining equipment, used a subsidiary in Switzerland to avoid paying $2.4 billion of income taxes over 13 years, according to a Senate investigative report released on Monday.

http://www.nytimes.com/2014/04/01/business/report-says-caterpillar-used-swiss-unit-to-pare-taxes.html?_r=1

Caterpillar got support from Sen. Rand Paul, R-Ky., who questioned why the subcommittee was even holding the hearing.

“I think rather than having an inquisition, we should probably bring Caterpillar here and give them an award,” Paul said. “You know, they’ve been in business for over 100 years. It’s not easy to stay in business.”

Paul said Caterpillar and its accountants have an obligation to shareholders to minimize their taxes. “It is a requirement that you try to minimize your costs. So rather than chastising Caterpillar we should be complimenting them,” Paul said.

http://www.msnbc.com/rachel-maddow-show/tax-avoidance-brazen-scale#break

[el_bryanto]

1. That is pretty traitorous

Particularly when he sets himself up as a fiscal conservative. But fiscal conservatism doesn't mean what it used to, I guess.

Bryant

[DiverDave]

2. Hey rand! what does a corporate dick taste like?

WHORE for the $$$$$$$$$$$$.
I now have an short answer to the randbots.

[toby jo]

3. Why, then, isn't it a requirement that we the people minimize our costs?

[DiverDave]

5. It's called tax fraud, and we

get to pay interest and penalties, oh and jail.

I just don't get how people can be so...

[Initech]

4. And this is exactly why the thought of him as president scares the shit out of me.

And it should scare you too. He will side with the 1% leeches and set back labor relations 50 years or more. Value your job? Don't vote Rand.

[Donald Ian Rankin]

6. The key here is "illegally".

If the OP's claim that caterpillar's actions were illegal is correct, Paul is wrong.

If it is not, he is right.

The professional ethics of running a company are to pay as much tax as you are legally required to, but no more.

[Nye Bevan]

11. The story does not say that the strategy was illegal.

So I'm not sure why the OP said "illegal" in the subject line.

[Heywood J]

7. Ah, Cat. Where would we be without you?

[Cha]

8. Fucked up libertarian.

[Rex]

9. Are their any in the GOP that are moral or ethical?

Not a one that I can think of.

[elias7]

10. If corporations are people, why do they get fax breaks?