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Ace Acme

(1,464 posts)

11. Minimizing Profits

Reply to Gormy Cuss (Reply #7)

Wed Dec 4, 2013, 01:19 PM

Dec 2013

It's long been known about "Hollywood Accounting" in the movie business, which contrives to create so many cost items payable to insiders that there are no profits to tax.

Apple Computer operates in a similar mode. They created a subsidiary in Ireland that owns all the patents, and then they pay their subsidiary license fees on all the products they sell--so all there are no profits after the license fees are paid to the Irish subsidiary. BY use of this ploy they have piled up between $100 billion and $140 billion in cash upon which they have not paid US taxes.

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Low bank wages costing the public millions, report says [View all] Redfairen Dec 2013 OP

You'd think my local credit union would pay pretty well but there is a never ending brewens Dec 2013 #1

Are we finally ready to raise the minimum wage and put an end to this nonsense? mountain grammy Dec 2013 #2

Raising the mininuim wage isnt the problem its cstanleytech Dec 2013 #3

the "incentive not to pay better" IS the minimum wage! mountain grammy Dec 2013 #4

minimum wage is just your boss's way of saying, MindPilot Dec 2013 #5

Yes, exactly! mountain grammy Dec 2013 #12

No, the incentive to pay better is to start taking the cost cstanleytech Dec 2013 #6

No, raising the minimum wage is the solution. Gormy Cuss Dec 2013 #7

Uh huh and that will address the problem of cstanleytech Dec 2013 #8

Fifteen dollars/hour will catapult most full time employees out of eligibility, Gormy Cuss Dec 2013 #9

As a short term fix sure but what about long term? cstanleytech Dec 2013 #19

Continue raising the minimum wage every few years Gormy Cuss Dec 2013 #20

Yes but right now if they just raise it without cstanleytech Dec 2013 #22

Minimizing Profits Ace Acme Dec 2013 #11

Sports teams do it too KamaAina Dec 2013 #21

Here's the real solution: rainy Dec 2013 #13

That sounds good, but there's no guarantee excess profits will go to the employees rather than Fla Dem Dec 2013 #15

They could easily work around that--just pay more money to executives. nt geek tragedy Dec 2013 #18

Well, why not both. Have a minimum wage and any glowing Dec 2013 #16

Why is that preferable to having the company just pay the people more money geek tragedy Dec 2013 #17

how right you are n/t Psephos Jan 2014 #27

Raising the minimum wage is a band-aid at best. Lowering the maximum greed of the employers.... olddad56 Jan 2014 #25

America needs a raise. Kingofalldems Dec 2013 #10

I worked in the consumer finance arm of CitiGroup citizen blues Dec 2013 #14

We should totally end that $900 million subsidy. Stick it to the bankers! Pterodactyl Jan 2014 #23

I remember talking with a bank teller once about 5 years go Lars39 Jan 2014 #24

The only thing that will work is a substantial rise in the minimum wage Warpy Jan 2014 #26