Twitter Tax Controversy Explained In Cartoon Form

theodp writes "If you prefer to digest your news in a cartoon format, you'll be happy to know that the Twitter tax controversy has gotten the Next Media Animation TV treatment. In the NMAtv clip, Twitter co-founder Biz Stone cuts a tax break with San Francisco Mayor Ed Lee and ascends a ladder to 'Tax-Free Haven' where he's high-fived by execs from GE and Google. If you insist on reading the news, IBD has an account of the payroll tax break, which critics are calling corporate welfare." A hilarious, but true, story. Please remember, when you see 'haven' instead of 'heaven,' that English isn't everyone's first language.

Comments

Tax heaven

[pablomme]

Please remember, when you see 'haven' instead of 'heaven,' that English isn't everyone's first language.

Interestingly, the expression for "tax haven" in Spanish is "paraiso fiscal" (tax heaven), which I'm pretty sure was a mistranslation in the first place. Ok, ignore the "interestingly"..

Boycott IBD -they don't support Linux

[Anonymous Coward]

Their stock charts require Microsft Silverlight and they won't officially support anything else..

I have a Firefox Extension that makes it easy to boycott sites that don't support Linux.
https://addons.mozilla.org/en-US/firefox/addon/webcott/

Re:Fucking Bullshit

[Jah-Wren Ryel]

That's a canard designed to appeal to the people who think they are smart but are in fact ignorant of how corporate taxes work in practice.
Much of the time it is loopholes, not actual expenses, that result in corps "not paying their share" - double-taxation is practically a myth under the current system.

Here's a short discussion of the myth with a table of companies that had negative or near-zero taxes but still reported significant profits and paid significant dividends in the same year.