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Comments about ‘Corporate tax returns should be public’

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Published: Monday, Aug. 25 2014 8:00 p.m. MDT

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high school fan
Huntington, UT

Corporations should not have their taxes released any more than you or I should. Corporations, for the most part, follow the law and they did not make the tax code. It is not a sin to take all deductions that are available to them.
If we really want to do things right we would completely overhaul the tax code so that it makes sense rather than the garbage we have.

1aggie
SALT LAKE CITY, UT

And while we're at it let's require all tax-exempt organizations to publish their financial statements.

marxist
Salt Lake City, UT

Corporate tax returns should be public because corporations are creatures of the state through incorporation. Corporations are allowed very special privileges contingent on their behavior, hence our right to know. Corporations are not people.

Kings Court
Alpine, UT

High school fan, corporations tend to follow the laws that their lobbyists help put in place. Don't forget who really owns the United States of America, and it is not you or I.

statman
Lehi, UT

How about a simpler corporate tax solution. Throw corporate taxes - ALL corporate taxes - out the window, and tax individuals as they profit from their holdings of corporate assets as they come in. Fact of the matter is, corporate taxes each year are far less than the DearLeader spent on his failed stimulus packages. To increase the benefit - make the low tax rate applicable only to companies whose employee growth increases year after year by X%. Companies would suddenly find it dramatically in their interest to hire employees. US companies would suddenly become among the most competitive in the world. And thousands of tax attorneys and finance wonks would have to find other means of employment...

LDS Liberal
Farmington, UT

What?!
And expose the REAL Gadianton Robbers who manage and contol our Government?

KDave
Moab, UT

Most of us don't understand our own tax return. Corporate tax returns would make no sense to anyone.

high school fan
Huntington, UT

All tax returns are such a waste of money, time and effort. It is time to bite the bullet and go with a different tax like a national sales tax or a consumption tax. It is simple, if we really want to but it we know the price going in.
This will never happen though because it makes to much sense and lobbyists and congressmen would lose whatever clout they had.

Happy Valley Heretic
Orem, UT

95% of the tax code is used by 1% of the population.
The lobbyists and lawyers for various corporations write the laws, then bribe a politician, to codify it for them.
Who's in charge?
Those who can afford to game the system.

GaryO
Virginia Beach, VA

"Corporate tax returns should be public"

In a way, that seems reasonable. In other ways . . . not so much.

If a corporation's tax returns are public, that means its competitors will have access to them as well, and from that, might be able to guess corporate strategies . . . while taking countermeasures.

That would mean that American corporations would be at more of a competitive disadvantage compared to foreign-based corporate competitors, who don't have to reveal their tax returns . . . And we don't want that, do we?

It would be best to do all the due diligence first before concluding that "Corporate tax returns should be public."

GaryO
Virginia Beach, VA

Hey statman - “Fact of the matter is, corporate taxes each year are far less than the DearLeader spent on his failed stimulus packages.”

I don’t recall any “failed” stimulus package.

“ . . . make the low tax rate applicable only to companies whose employee growth increases year after year by X%.”

Oh, so you’re going to mandate that the government controls the means of production.

That’s textbook Socialism . . . And nonsense.

And it would remove the very flexibility that makes Capitalism such a powerful and effective force for good.

Perhaps, you might want to reconsider your suggestion? . . Or do want us to become the world’s only Communist superpower?

I bet you vote Republican don’t you?

LOU Montana
Pueblo, CO

History proves that tax cuts don't work.........In 1929, Herbert Hoover cut marginal tax rates to the lowest level in modern history (24 percent) and the economy still collapsed. In 1982, Ronald Reagan slashed taxes to the lowest level in 50 years and, in return, unemployment soared to the highest level in 50 years. In 2001 and 2003, George Bush cut taxes twice and yet unemployment rose to 6 percent. And that's to say nothing of the 2.6 million jobs lost in the final year of the Bush administration. and more to come.

LOU Montana
Pueblo, CO

Republicans love to talk about balancing the federal budget...when somebody else is in charge of it. But during eight years of the Bush administration, we hardly heard a whimper from Republicans about balanced budgets, even as Democrats complained about the huge cost of fighting two wars and cutting taxes.

The truth is that no Republican president in my lifetime has ever balanced the budget. But the Democrats have balanced the budget five times during the same time span. Clinton did it four times and Lyndon Johnson did it once. The last Republican president to balance the budget was Eisenhower.
Now read this five more times till it sinks in. I know this is painful for Conservatives but fact is fact.

LOU Montana
Pueblo, CO

Republicans love to brag about the Reagan economy, but it is nothing in comparison to Bill Clinton's record. The U.S. economy created 21 million new jobs in the Clinton administration. That's more than the last three Republican presidents, including Ronald Reagan, combined. And despite the GOP argument that the Republican Congress deserves credit for the Clinton economy, the truth is that seven million of those jobs were created in the first two years when Democrats, in control of both houses of Congress and the White House, raised taxes with virtually no Republican support! NO REPUBLICAN SUPPORT! Does that sound like today.

LOU Montana
Pueblo, CO

The truth is that nobody has all the answers to our current economic problems. But to believe Republicans lately requires us to forget the successful history of Democratic presidents and to ignore the failure of the most recent Republican president. It was George W. Bush, after all, who squandered the Clinton surpluses, ran up the biggest deficits in history and doubled the national debt.

Every time republicans get in office it becomes fashionable to be greedy.

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