Garmin: tax-dodging scumbags?

[Bob Fry]

Turns out Garmin Ltd is headquartered in the Cayman Islands:
http://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2007.pdf

Does this mean they're avoiding corporate taxes in the US?
--
The crimes of the U.S. throughout the world have been systematic,
constant, clinical, remorseless, and fully documented but nobody cares
to talk about them.
~ Harold Pinter

[Robert M. Gary]

On Apr 25, 2:25*pm, Bob Fry > wrote:
> Turns out Garmin Ltd is headquartered in the Cayman Islands:http://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2007.pdf
>
> Does this mean they're avoiding corporate taxes in the US?

Why? Do you feel they owe you some? Garmin makes a lot of money
outside the US. Why should they send money they make in Europe to the
US?

-Robert

[Bob Fry]

>>>>> "RG" == Robert M Gary > writes:

RG> On Apr 25, 2:25*pm, Bob Fry > wrote:
>> Turns out Garmin Ltd is headquartered in the Cayman
>> Islands:http://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2007.pdf
>>
>> Does this mean they're avoiding corporate taxes in the US?

RG> Why? Do you feel they owe you some? Garmin makes a lot of
RG> money outside the US. Why should they send money they make in
RG> Europe to the US?

Can't answer the question?
--
Beware of all enterprises that require new clothes.
~ Henry David Thoreau

[[email protected]]

Bob Fry > wrote:
> >>>>> "RG" == Robert M Gary > writes:

> RG> On Apr 25, 2:25?pm, Bob Fry > wrote:
> >> Turns out Garmin Ltd is headquartered in the Cayman
> >> Islands:http://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2007.pdf
> >>
> >> Does this mean they're avoiding corporate taxes in the US?

> RG> Why? Do you feel they owe you some? Garmin makes a lot of
> RG> money outside the US. Why should they send money they make in
> RG> Europe to the US?

> Can't answer the question?

It is a stupid question.

All corporations doing business in the US have to pay taxes on their US
operations no matter where their headquarters are.

If your beef is with non US goods, better stay away from Avmap too as
they are headquartered in Italy.


--
Jim Pennino

Remove .spam.sux to reply.

[Robert M. Gary]

On Apr 25, 7:39*pm, Bob Fry > wrote:

> Can't answer the question?

You seem highly opinionated about something you know nothing about.
The location of an organization does not affect the taxes owed on US
income. However, I'm sure as hell not going to be stupid enough to
take the money my company earns in Asia and route it through a US head
quarters. I could never compete if I'm paying double the taxes other
companies in that area of the world are. And besides, what right does
the US gov't have to money earned (and spent) outside the US. I have
employees all over the planet and we have income all over the planet,
the US gov't has nothing to do with much of it.
Even companies you *think* are US based have offshore operations to
hold their non-US earned income. No one is stupid enough (or could
compete) if they had to pay US taxes on saleries they paid to South
American employees.

-Robert

[John[_13_]]

If you direct their work or they are using tools, technology or knowledge
developed in the US then they are a US company and the fact that they
perform the work outside the US does not stop the income from being
attributed to a US based company. Now weather or not the US Government has
a right to tax it is another story.
"Robert M. Gary" > wrote in message
...
On Apr 25, 7:39 pm, Bob Fry > wrote:

> Can't answer the question?

You seem highly opinionated about something you know nothing about.
The location of an organization does not affect the taxes owed on US
income. However, I'm sure as hell not going to be stupid enough to
take the money my company earns in Asia and route it through a US head
quarters. I could never compete if I'm paying double the taxes other
companies in that area of the world are. And besides, what right does
the US gov't have to money earned (and spent) outside the US. I have
employees all over the planet and we have income all over the planet,
the US gov't has nothing to do with much of it.
Even companies you *think* are US based have offshore operations to
hold their non-US earned income. No one is stupid enough (or could
compete) if they had to pay US taxes on saleries they paid to South
American employees.

-Robert

[Matt W. Barrow]

It's double taxation.

There were some efforts in the past few years to rectify this situation, but
some party has nullified that effort.

Guess who.

"Robert M. Gary" > wrote in message
...
On Apr 25, 2:25 pm, Bob Fry > wrote:
> Turns out Garmin Ltd is headquartered in the Cayman
> Islands:http://www8.garmin.com/aboutGarmin/invRelations/reports/10-K_2007.pdf
>
> Does this mean they're avoiding corporate taxes in the US?

Why? Do you feel they owe you some? Garmin makes a lot of money
outside the US. Why should they send money they make in Europe to the
US?

-Robert