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Verizon, AT&T, Target & More Supposedly Running 'Sham' Offices to Dodge Taxes

Discussion in 'Android News' started by dgstorm, Apr 18, 2013.

  1. dgstorm
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    dgstorm Editor in Chief Staff Member Premium Member

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    [​IMG]

    The Regional Transportation Authority of Chicago recently went public accusing several large corporations of operating fake offices in two small northern Illinois communities in order to avoid paying millions of dollars in taxes to Chicago and Cook County. The most surprising thing about this story is the companies that have been named. They aren't the typical small to medium businesses you would expect, but are actually major US corporations like AT&T, Verizon, Land’s End, Target, Sears Holding and Southwest Airlines.

    Here's a quote with more of the details,

    It's important to note that these companies are not being accused of doing anything illegal, just abusing the tax system. The real legal fight is between the RTA and the small communities that created these "tax shelter" agreements in the first place. Here's a quote explaining a bit further,

    While many of us are probably not surprised to hear a story like this, it is still disconcerting to think some of our biggest US companies can be this shady. Of course, the flip-side argument is that maybe the RTA's tax fees are too high and should be re-evaluated, but not enough info was given in the source of the article to speculate further.

    What do you guys think? Is this just business as usual, or something underhanded that should be punished or at least corrected?

    Source: Yahoo!
  2. Narsil
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    Narsil Active Member

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    Corruption and tax dodging in Chicago???


    [​IMG]
    1 person likes this.
  3. dfcfu342
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    dfcfu342 New Member

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    Its not corruption its using the system to your advantage just like everyone of us do every day in some way. Don't hate the player hate the game.
  4. xeene
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    xeene Well-Known Member

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    if rta was smart they would have taken advantage of the system and done the same thing.
  5. acousticshade
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    acousticshade New Member

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    It's not corruption!? Lolol, yeah & lying really isn't lying & stealing really isn't stealing either.
  6. skennelly
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    skennelly New Member

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    Good for them! Crook county can go to h*ll. They are a blood sucking leech to the state of Illinois.
  7. JoeeDB
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    JoeeDB Member

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    This seems pretty standard in today's world. Just ask Google, Apple, or Facebook. Just because what these guys (in the OP) are doing is classified as a "scam" doesn't mean that what the other guys (GOOG, AAPL, FB) are doing is "right" either.
  8. kodiak799
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    kodiak799 Well-Known Member

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    Article title intentionally misleading:
    " The real legal fight is between the RTA and the small communities that created these "tax shelter" agreements in the first place."

    Perfectly standard and legal tax management.
  9. kodiak799
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    kodiak799 Well-Known Member

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    Sarcasm aside, there's some truth to that statement.

    When IL and Chicago raised corporate tax rates, some major players threatened to leave...and so exemptions were carved out to get them to stay. Seems Chicago does not like getting a taste of its own medicine.