Who are the leading Canadian candidates for corporate rip-off of the year

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NorthReport
Who are the leading Canadian candidates for corporate rip-off of the year

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NorthReport

7 leading candidates for corporate rip-off of the year

Pharmaceutical companies are jacking up drug prices, while Wal-Mart is paying its employees with your money

http://www.salon.com/2014/11/28/7_leading_candidates_for_corporate_rip_o...

NorthReport

Kinder Morgan

abnormal

NorthReport wrote:

7 leading candidates for corporate rip-off of the year

Pharmaceutical companies are jacking up drug prices, while Wal-Mart is paying its employees with your money

http://www.salon.com/2014/11/28/7_leading_candidates_for_corporate_rip_o...

Have to say that I've seen this on a number of boards and the first time thru I skipped to Number 7 - the article about taxes - since that's a topic I know something about figured it was a good starting point.  I clicked thru to the actual source document expecting to find a rehash of the discredited claims that GE paid no taxes.  But instead I found a report where the "key findings" begin by complaining that despite the companies being highly profitable they received tax refunds - that completely ignores the simple fact that a company (or an individual) can't get a refund if they didn't overpay in the first place (which means that the gave Uncle Sam an interest free loan).

BTW, tax payments during a year tell you little of nothing about the amount of tax a company is actually paying - that number is a combination of estimated taxes on the current year's income together with over and underpayments from prior years.

That's when I stopped reading it.