Taxes, Acorn Dust Up, and Some Perspective

Oct 05 2009

The whole dust up over Acorn helping a pimp and lady do their taxes  (Daily Show link is best funny news way to summarize this situation if you haven’t heard about it) reminded me of a new report from a while ago that most big corporations pay no taxes.

So we’re supposed to be all upset over some expose that Acron helped a pimp get ready for tax season, perhaps hiding a low level criminal offense and skating on a few bucks in taxes. While major corporations have armies of lawyers advising them on how to avoid taxes, and accountants trying to explain why companies that, for all intents and purpsoes, are American and do their primary business in America, are really headquartered or legally incorporated in Grand Cayman, Switzerland, or some other tax friendly locale.

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