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Google boss says tax avoidance IS capitalism

Bruce66423 (1678196) writes | about 2 years ago

Google 1

Bruce66423 (1678196) writes "Eric Schmidt said £2.5 billion tax avoidance 'is called capitalism': is totally unrepentant. One must admit to being impressed by his honesty, unlike Starbucks who are gratuitously giving the British government money. So the question is — how can British geeks ensure their displeasure is demonstrated — apart from making sure that ALL their friends have Adblocker software installed"
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Why do people think "profit" is a dirty word? (1)

A nonymous Coward (7548) | about 2 years ago | (#42268441)

What is it about "profit" that enrages so many otherwise-intelligent people? How many shares does google have -- what is the tax avoidance per share? It sure isn't much.

If I, as a private person, find rules and regulations that enable me to save $1000, how many people whine that I should have paid more? If I ran a corner dry cleaner or convenience store, and find similar wiggle room, does anyone complain? If I were to employ 1,000 people and find $1M in savings, why is that more worthy of complaint than the previous example? If Wal-Mart employs 1M people and saves $1B, is that any more worthy of complaint?

I'll be damned if I can understand such illogical whiners.

Then throw in Warren Buffet, who hires probably quite a few tax lawyers and accountants to structure his organization to minimize taxes, and then has the gall to complain he's not paying enough in taxes. There's a US Treasury address he can mail checks to if he really believes that he hasn't paid enough taxes.

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