Monday, July 30, 2012

Liars believe their own lies

Corporation That Paid Nothing In Taxes For Four Years Tells Congress It Pays Too Much In Taxes, Think Progress, July 20, 2012
"Over a four years period from 2008 to 2011, Corning Inc. was one of 26 companies that managed to avoid paying any American income taxes, even though it earned nearly $3 billion during that time. In fact, according to Citizens For Tax Justice, the company received a $4 million refund from 2008 to 2010. That didn’t stop Susan Ford, a senior executive at the company, from telling the House Ways and Means Committee this week that America’s high corporate tax rate was putting her company at a disadvantage..."

"Corporate Citizenship
"At Corning Incorporated, corporate social responsibility is a proactive commitment to preserving the trust of our stakeholders. The commitment contributes to we support our people, the communities in which we operate, and society at large.
"Corporate social responsibility is intrinsic to Corning’s heritage... It is also a demonstration of how we live our Values which represent the unchanging moral and ethical compass that guides everything we do..."
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  1. The bigger irony here is the fact that those who preach from the alter about huge taxes, but pay none, are the ones that are leading Canada into the same direction as Greece. Mention Greece and you get, 'they deserve it, they don't pay taxes'.

  2. G. Barry StewartJuly 31, 2012 at 5:24 PM

    There just shouldn't be a time where a company — or an individual — shows a net gain in income but pays no taxes. For Joe Public, it would be treated as a crime.

  3. Moral compass? I would suggest theirs, like much of the corporate world's is broken. The idea that large corporations would not pay any taxes and even get massive bailouts for what are "preceived as huge errors in judgement" at the least, is incredibly ridiculous. The system is truly a farce if one believes that governments can regulate and oversee the corporate world. After all, most people in government are from the corporate world, and are looking to get back into the "profit making" end of things. Governance used to be respectable. Now it is a distant cousin,to the corporate world. There is no real disconnect between the two.



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