Why America is failing – ‘Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion’ – ‘A Contrast In Taxes: Democrats Want To Raise Them, Republicans Want To Cut Them For Small Business Job Creators’

The Last Of The Millenniums

rep. protect corporate tax dodgers

Google by Republican standards, is a ‘small business job creator’.

There are two sets of ‘rules’.

One for us who work for a living.

Another for those that make their money off of us who work for a living.

But please Republican keep protecting the ‘job creators’ while the rest of us pay taxes to support our Country.

‘Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show’.

‘By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half’.

‘The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011’.

‘The increase in Google’s revenues routed to Bermuda, disclosed in a Nov. 21 filing by…

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