Reasons to Occupy Everything

[Diogenes]

Well now, isn't THIS special?

Google Shelters Revenue in Bermuda, Saves Billion in Tax

• Google Inc. (GOOG) avoided about billion in worldwide income taxes in 2011 by shifting .8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.
  
  By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011.
  
  The increase in Google’s revenues routed to Bermuda, disclosed in a Nov. 21 filing by a subsidiary in the Netherlands, could fuel the outrage spreading across Europe and in the U.S. over corporate tax dodging. Governments in France, the U.K., Italy and Australia are probing Google’s tax avoidance as they seek to boost revenue during economic doldrums.

Full story at bloomberg.com

I know you posted this a while ago now but have you heard anyone complaining about FB and their tax "loopholes" for the wealthy. I guess all those FBers are just fine with this.

Don't get me wrong they have done this legally but so did the GOP Presidential candidate and he was scum.

[SquidInk]

http://www.wired.com/threatlevel/2013/0 ... ed-arrest/

Feds Say Man Deserved Arrest Because Jacket Said ‘Occupy Everything’

A Florida man deserved to be arrested inside the Supreme Court building last year for wearing a jacket painted with “Occupy Everything,” and is lucky he was only apprehended on unlawful entry charges, the Department of Justice says.

Maybe we need to change the name of this thread. 'Obama' might drone us.

Related WTFness: http://codes.lp.findlaw.com/uscode/40/II/C/61/IV/6135

It is unlawful to parade, stand, or move in processions or assemblages in the Supreme Court Building or grounds, or to display in the Building and grounds a flag, banner, or device designed or adapted to bring into public notice a party, organization, or movement.

The first amendment is null & void in the halls of the court who's sole purpose is to make sure our rights remain un-infringed? I need a drink.

[SquidInk]

http://www.bloomberg.com/news/2013-12-2 ... ution.html

Investors from multibillion dollar hedge funds to individuals buying as few as 10 properties have acquired more than 1 million homes in the past three years. Most started out paying cash; now, as the bet on rental housing turns into an industry, big landlords are benefiting from access to financing at a time when banks remain reluctant to lend to homebuyers, putting ownership out of reach for many Americans, especially blacks, Hispanics and people under 40.

“Early buying by investors actually did serve a public purpose” by soaking up vacant foreclosed homes, said Thomas Lawler, a former Fannie Mae (FNMA) economist who in 2005 warned of a housing bubble fueled by easy credit and a shift toward treating homes as investments rather than shelter. “Now it’s just free-market capitalism and big money is coming in because they have an advantage. Is that good? Well, it’s gone from being good to being disturbing.”

Wait... "free-market capitalism"? That's not a thing. It's an oxymoron. The idea that the same fraudulent scamster "hedge fund" profiteers that wrecked home ownership for so many are now chasing down the same poor, ruined souls (along with the rest of us) to extract rent money from them is insane. No good can come of this.