On Fri, Dec 23, 2011 at 01:37, jdow <jdow@xxxxxxxxxxxxx> wrote: > Well, he's right. Capitalism sucks. The alternatives suck far far worse. You´re right, I should have said "capitalism without checks". You know, the kind that hires underage workers in southeast asia that are then sold in the US of A at several times its manufacture cost. I´m not advocating communism. Just pointing the obvious... that perhaps if those hard drives were made somewhere in the USA (I still have a Conner made-in-the-usa SCSI1 drive, it still works), or even western europe (I guess AMD knows better and put its cpu fab in Dresden not Thailand), then perhaps we wouldn´t be talking about this.. This is what I´m talking about: Seagate, Coca-Cola, Intel, Oracle use Cayman Islands tax haven to avoid paying US taxes http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWoQkk2WY1oc ----- May 5 (Bloomberg) -- Seagate Technology, the world’s largest maker of hard disk drives, is headquartered in Scotts Valley, California. Yet the documents it files with the Securities and Exchange Commission list its address on South Church Street in George Town, the capital of the Cayman Islands. Seagate is just one of the companies that may be affected by President Barack Obama’s proposal yesterday to raise about $190 billion over the next decade by outlawing techniques used by U.S. companies in offshore locations to avoid paying taxes. While the U.S. corporate tax rate is 35 percent, Seagate paid an effective tax rate of 5 percent in the year ended June 2008, according to data compiled by Bloomberg. ----- But hey, this is offtopic for this list. Apologies. In fact, we should all praise these firms for screwing Uncle Sam and the average US taxpayer who cannot move to Cayman. We should also praise the offshoring of jobs to the place with the lowest wages you can get,even if it means building factories in places prone to flooding. Shortsightness, they´ve heard of it. (how much money are they losing by this flooding?). *last message by me on this thread* ;) FC -- users mailing list users@xxxxxxxxxxxxxxxxxxxxxxx To unsubscribe or change subscription options: https://admin.fedoraproject.org/mailman/listinfo/users Guidelines: http://fedoraproject.org/wiki/Mailing_list_guidelines Have a question? Ask away: http://ask.fedoraproject.org
