(If you notice, there are ongoing protests in France, England, and Italy right now. People are actively opposing the direction their country is going in, so of course the governments will have to come out and ‘investigate’ the Google boondoggle. But here in America, with President Peace Prize and the cowed left, they not only don’t investigate Google’s theft, but Obama actually offers the Treasury secretary job to the CEO who did it.)
‘Hypocritical assertion of its corporate motto, ‘Don’t Be Evil’”
from Common Dreams
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.’…
… 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 was reportedly asked by President Obama to serve as either Treasury or Commerce Secretary in his second Administration. Apparently Schmidt said no.
[read the rest, here]