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Microsoft To Get $100M Annual Tax Cut and Amnesty
reifman writes "Despite a $2.8 billion deficit, Washington State's House Bill 3176 would provide Microsoft with an effective $100 million tax cut annually and possible amnesty on its $1.27 billion Nevada tax maneuverings. Under current law, all of Microsoft's worldwide licensing revenues of approximately $20.7 billion annually are taxable at .484 percent. Under the new law, only the portion of software licenses sold to Washington state customers would be taxable. Ironically, after slashing Microsoft's tax burden, HB3176 directs the Department of Revenue to crack down on 'abusive tax transactions' like those in Nevada — except for a loophole that may provide Microsoft amnesty on its twelve year practice. The bill's lead sponsor is Ross Hunter of Medina, home to Bill Gates and a number of current and former Microsoft billionaires and multi-millionaires, and other areas around Microsoft's corporate campus."
http://apps.leg.wa.gov/billinfo/summary.aspx?bill=3176&year=2009
Alot of stupid bills get submitted, luckily most don't get passed.
If this one gets enough notice perhaps the bill will be killed.
Don't know something? Look it up. Still don't know? Then ask.
http://apps.leg.wa.gov/billinfo/summary.aspx?bill=3176&year=2009
Doesn't look like its passed yet.
Don't know something? Look it up. Still don't know? Then ask.
ahhh.. no Halliburton Received No-Bid Contracts During Clinton Administration For Work In Bosnia And Kosovo. “Halliburton has also gotten some no-bid jobs in Iraq, just as it did in Bosnia and Kosovo in the 1990s, and for the same reason: Not a lot of other firms have similar expertise in supplying the U.S. military, and with a war on there’s no time to stage a lengthy bidding process.” (Max Boot, Op-Ed, “Don’t Blame Halliburton,” Los Angeles Times, 4/22/04) During Clinton Administration, Halliburton Received $2.2 Billion From US Government For Work In Kosovo. “Between 1995 and 2000, while Democrat Bill Clinton ran the country and Republican Dick Cheney ran Halliburton, there was no talk of favoritism or political ties as the Houston-based company billed the government $2.2 billion for its work in Kosovo.” (James Rosen, “Is Iraq’s Reconstruction Rigged?” The [Raleigh] News & Observer, 10/5/03) Halliburton’s Performance Praised By Former Vice President Al Gore’s “National Performance Review.” “[V]ice President Al Gore’s National Performance Review mentioned Halliburton’s performance in its Report on Reinventing the Department of Defense, issued in September 1996. In a section titled ‘Outsourcing of Logistics Allows Combat Troops to Stick to Basics,’ Gore’s reinventing-government team favorably mentioned LOGCAP, the cost-plus-award system, and Brown & Root, which the report said provided ‘basic life support services – food, water, sanitation, shelter, and laundry; and the full realm of logistics services – transportation, electrical, hazardous materials collection and disposal, fuel delivery, airfield and seaport operations, and road maintenance.’” (Byron York, “All Smoke, No Fire: The Administration’s Critics Are Wrong,” National Review, 7/14/03)