Is it any wonder that the country is bankrupt?
Patriotism is cheap: it's only words. But, who's gonna pay for anything?
This headline in today's New York Times no longer surprises me...
G.E.’s Strategies Let It Avoid Taxes Altogether
By DAVID KOCIENIEWSKI
General Electric is skilled at avoiding taxes, lately to the extent that the Treasury owes the company money.
The Brits and their titles. Don't you just love 'em. They're almost as easy to purchase as a congressman.
Clever businessmen (the kind that the butler used to arrogantly direct to the trade entrance in old movies) can build up a company with easy credit and balance sheet manipulation, make themselves a lot of money, move corporate headquarters to low-tax countries, hire a PR agency, and woo people in high places. The "Sir" title lets them waltz in the front door, where everyone is too polite to ask how much local tax they pay.
Even better, once tax laws change, they can move those same corporate headquarters back to England and make even more money for themselves. At home in bed, they laugh themselves to sleep at how easy it is too fool everyone into believing in their business acumen and patriotism.
Avoiding their share of the tax burden carried by the common man--some of them exploited employees--has certainly earned them a title...
It ain't Sir.
Prior to writing novels, the author enjoyed a multifaceted career: from decorated combat aviator to advertising professional to global communications director of a major consumer brand. He has traveled the world and met sports, film and television stars, political leaders, and royalty. He graduated from Middlebury College, is married, lives in Germany, and has two grown children.