AccessBlaster
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Yeah I didn't do any research, to be honest it feels more like 20.
And the winner for best film is . . . .
- Thread starter ColinEssex
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Back to the titled theme for this thread. If you think PWC was in trouble with the fiasco at the Academy Awards gala, take a look at what is going on with Caterpillar in the USA and their European counterpart, Caterpillar SARL.
It seems that PWC helped Caterpillar devise a scheme to make it look like they sold parts in Europe from a Swiss branch, the SARL group. However, the IRS has now descended on Cat's plant in Peoria, Illinois with broad-based warrants to investigate an illegal scheme of falsifying the origins of the parts in a way to escape paying taxes on the sales. We are talking about a tax delinquency on the order of 2 billion (yes, with a "B") US dollars.
PWC's involvement in THAT little scheme is going to get them investigated extensively. Obvious, not only can't they get the Oscars right, they have trouble doing taxes legally, too!
It seems that PWC helped Caterpillar devise a scheme to make it look like they sold parts in Europe from a Swiss branch, the SARL group. However, the IRS has now descended on Cat's plant in Peoria, Illinois with broad-based warrants to investigate an illegal scheme of falsifying the origins of the parts in a way to escape paying taxes on the sales. We are talking about a tax delinquency on the order of 2 billion (yes, with a "B") US dollars.
PWC's involvement in THAT little scheme is going to get them investigated extensively. Obvious, not only can't they get the Oscars right, they have trouble doing taxes legally, too!
NauticalGent
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Thanks Doc. This is an issue I struggle with. When it comes to taxes on wages, I consider it nothing less than theft.
But when corporations evade it, it is something else...but how then do you handle this? If you hold them accountable and the company takes a hit, it's the employees who pay the hardest price.
If you look the other way, it presents a whole different world of suck. I realize I just opened the door for some really hot topics but what the hell, you and Colin started it!
But when corporations evade it, it is something else...but how then do you handle this? If you hold them accountable and the company takes a hit, it's the employees who pay the hardest price.
If you look the other way, it presents a whole different world of suck. I realize I just opened the door for some really hot topics but what the hell, you and Colin started it!
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The problem with the corporate side of tax evasion is that the executives are not held responsible for the decisions made on behalf of the company. So the company takes the hit and the execs pocket the cash and the employees lose out either way.
My solution would be that despite the legal fiction of corporations being people for the purposes of business, the people who guide a business in an illegal direction should be personally criminally responsible. But that doesn't happen often enough to make it any kind of deterrent.
My solution would be that despite the legal fiction of corporations being people for the purposes of business, the people who guide a business in an illegal direction should be personally criminally responsible. But that doesn't happen often enough to make it any kind of deterrent.
