Among lowest taxpayers were companies whose CEOs have become high-profile advocates for corporate social responsibility
Some of the US’s most profitable corporations, including General Motors, Citigroup and Netflix, have slashed their tax bills in the years since the passage of the Trump tax cuts, with nearly a quarter paying rates in the single digits and 23 paying nothing, a report has found.
The 2017 law cut the top corporate income tax rate from 35% to 21%. But the new assessment of corporate tax avoidance, published on Thursday by the non-profit Institute on Taxation and Economic Policy (Itep), found that during the first five years the law was in effect, many profitable public companies in the US paid a far lower rate in practice.
The modern CEO has been bred to appease the shareholders, but not any shareholders…just the ones with enough skin in the game and enough influence/power to destroy lives, CEOs included.
The game is fully rigged, the only ones who have any real free will are the hedgefunds and investment houses. Keep those entities happy and your little company thrives.
As a CEO, you’re just the colonial general sitting in the big house exploiting a workforce and shipping the value/profits back to the homeland.
Just look at Bezos…ex hedgefund guy builds digital platform to buy/sell books, and then AWS happens, and then literally thousands of brick and mortar stores close down giving amazon a monopoly in lots of regions. Visionary entrepreneur my ass…modern day colonizer and profiteer is closer to the truth.
Bezos will be a trillionair in this decade, his shareholders basically have a infinite money supply, and like Walmart; Amazon employees are getting their hands chopped off because they didn’t produce enough rubber for the King/Queen/HFT-Firm