Drudge Retort: The Other Side of the News
Saturday, July 05, 2014

Ralph Nader: CEO Greg Wasson of the giant Walgreen drugstore chain may be thinking of other things than patriotism this 4th of July. He confirmed last month that, to save on taxes, he and his board of directors may be renouncing the company's U.S. citizenship and moving its incorporation to Switzerland or some nearby tax haven. Were Wasson to quit America, where the company rose to great profits and where it receives one quarter of its annual $72 billion in sales from Medicaid and Medicare reimbursements, he would be grossly underestimating the reaction of many Americans.

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Not all "shelters" are invented off-shore:

Mitt Romney Didn't Pay Taxes 15 Years
"How can an individual rent tax-exempt status from a charity? It's pretty intricate, but the way it worked was, in Mitt's case, he used the Mormon Church as a tax shelter by setting up a Charitable Remainder Unitrust (CRUT), that paid him a specific amount of money per year from dividends while also donating the smallest amount possible to the church."

#1 | Posted by redlightrobot at 2014-07-05 11:00 AM | Reply | Flag:

"What More can be said??"

Maybe those corporations "religious beliefs" include not paying taxes, have you ever thought of that? What are you, un-constitutional?

#2 | Posted by Harry_Powell at 2014-07-05 12:55 PM | Reply | Flag: | Newsworthy 1

All of a sudden the left care about [their version of] 'patriotism'. Just too funny.

#3 | Posted by MSgt at 2014-07-05 03:25 PM | Reply | Flag:

#3 Our version of patriotism isn't the flag waving, phony patriotism that the right exploits.

#4 | Posted by squinch at 2014-07-05 03:32 PM | Reply | Flag: | Funny: 1 | Newsworthy 5

#1....No one is required to pay one penny more in taxes than is required by law. What law did Romney break?

#5 | Posted by Visitor2 at 2014-07-05 04:49 PM | Reply | Flag:

Oh Gee. The highest corporate tax rate in the world doesn't increase tax revenue like they taught in school.

#6 | Posted by mysterytoy at 2014-07-05 04:55 PM | Reply | Flag: | Newsworthy 2


boycott walgreens

Not that I really needed any incentive.

#7 | Posted by donnerboy at 2014-07-05 05:02 PM | Reply | Flag:

Liberals want to keep raising corporate tax, raising min wages, and choking them with regulation. This is the result. After a corporation decides it's had enough and moves, they call them unpatriotic .

#8 | Posted by sames1 at 2014-07-05 05:10 PM | Reply | Flag: | Newsworthy 1

What law did Romney break?

#5 | Posted by Visitor2

Destruction of Electronic public records

On their way out of the governor's office and onto the presidential campaign trail, aides to Mitt Romney almost completely obliterated their electronic records, deleting emails, purchasing hard drives, and replacing computers, a investigation by the Boston Globe found. "The governor's office has found no e-mails from 2002-2006 in our possession,'' an aide to the current governor, Deval Patrick, told the Globe.

The current version of the statute imposes a fine or term of imprisonment on whoever "unlawfully . . . alters, mutilates or destroys any public record." G.L. c. 66,
§ 15. Although section 15 is broad, three things limit its reach. First, it applies only to
"public records." Generally, public records are "documentary material or data, regardless of physical form or characteristics" that are "made or received" by a public official,
G.L. c. 4, § 7(26), and the term has been interpreted to include email.

thinkprogress.org

as for his taxes...we don't know what he has to hide (tho we can speculate) but as soon as he releases them we will let you know.

#9 | Posted by donnerboy at 2014-07-05 05:10 PM | Reply | Flag:

I say we invade their tax havens with the intent to spreads democracy and take what we find in the process.

It will be easier than Iraq.

#10 | Posted by ClownShack at 2014-07-05 05:11 PM | Reply | Flag:

#9....What does your comment have to do with The Internal Revenue Code and Romney's income tax liability?

"as for his taxes...we don't know what he has to hide (tho we can speculate)...."

You don't know that he has anything to hide, and speculation is a futile and worthless effort. You have to base your opinions of facts.

I'm sure that the IRS keeps a close check on Romney's income tax returns.

#11 | Posted by Visitor2 at 2014-07-05 05:49 PM | Reply | Flag:

You have to base your opinions of facts.

Yeah, what are you, some kind of conservative?

###
"The governor's office has found no e-mails from 2002-2006 in our possession,''

That's apparently okay for Republicans, judging by their choice of Presidential nominees. Bureaucrats, however, not so much.

#12 | Posted by northguy3 at 2014-07-05 06:10 PM | Reply | Flag:

#12....What's good for the IRS is good for the governor's office.

#13 | Posted by Visitor2 at 2014-07-05 06:28 PM | Reply | Flag:

You don't know that he has anything to hide, and speculation is a futile and worthless effort. You have to base your opinions of facts.

LOL

Even Romney admits that releasing his tax returns would have been damaging to him. Worse than NOT releasing them.

which is why he wouldn't release them.

I am sorry... what more do I need to know when the candidate himself acknowledges that his tax returns are "damaging" to him?

So...releasing his tax returns would be a bigger political problem than stonewalling.

and... it's the Democratic Party's fault that releasing his tax returns would be a politically damning.

Romney (as usual) did what was politically important to him (even though it did not in the end help him win anyway), not what was morally correct.

The logical conclusion? He was hiding something big.

#14 | Posted by donnerboy at 2014-07-05 06:29 PM | Reply | Flag:

#12....What's good for the IRS is good for the governor's office.

#13 | Posted by Visitor2

And the Bush Admin... and Clinton and Nixon and probably a dozen or even a hundred other federal agencies.

The National Archives and Records Administration, the folks who protect the original Declaration of Independence and Constitution, has the task of outlining a process for modernizing records management at federal agencies. But individual departments will adopt their own policies and practices. Electronic storage of email is due by the end of 2016, according to a draft report issued by N.A.R.A. in March. Electronic storage of "all permanent electronic records" is set for the end of 2019. N.A.R.A. itself is implementing an email archiving system based on its own recommendations.

#15 | Posted by donnerboy at 2014-07-05 06:36 PM | Reply | Flag:

chickens chicken out of america

#16 | Posted by Tor at 2014-07-05 07:11 PM | Reply | Flag:

chickens chicken out of america

#16 | Posted by Tor

when the going gets tough...

#17 | Posted by donnerboy at 2014-07-05 07:17 PM | Reply | Flag: | Newsworthy 2

visitor2 is obviously a Mormon vainly attempting to cover for the unpleasant reality that their religion is probably the largest tax scam in the United States, conducting business tax free behind a curtain of fake religion.

#18 | Posted by nutcase at 2014-07-05 09:21 PM | Reply | Flag: | Newsworthy 2

Patriotic corporation = the holy ghost.

#19 | Posted by Shawn at 2014-07-06 02:36 AM | Reply | Flag:

What law did Romney break?

#5 | Posted by Visitor2

Destruction of Electronic public records

#9 | Posted by donnerboy

You are talking about the IRS donnie. That is exactly what they did.

#20 | Posted by Sniper at 2014-07-06 09:42 AM | Reply | Flag:

I say we invade their tax havens with the intent to spreads democracy and take what we find in the process.

It will be easier than Iraq.

#10 | Posted by ClownShack

That will get just about every elected person in DC.

#21 | Posted by Sniper at 2014-07-06 09:43 AM | Reply | Flag:

"Even Romney admits that releasing his tax returns would have been damaging to him."

BS he did not.

#22 | Posted by sames1 at 2014-07-06 01:50 PM | Reply | Flag:

#18....I'm not into superstition.

#23 | Posted by Visitor2 at 2014-07-06 02:00 PM | Reply | Flag:

All of a sudden the left care about [their version of] 'patriotism'. Just too funny.:

#3 | POSTED BY MSGT AT 2014-07-05 03:25 PM | REPLY | FLAG:FULLU OF IT

You must be snarfing down Boazos stupid. Typical right wing slug defending very the ones telling him to bend over.

What was Walgreens up to a year ago?... oh yeah riiiiight.
www.usatoday.com

Must upset you to lose your source fun pills.

Leaving for tax reasons ... uh huh suuuureeeee. I have a feeling that was just the tip of the iceberg.
Walgreens leaving for "tax" reasons.... nonsense... Yeah they got their hands slapped for bilking the tax payers and they are forced to cool their jets. As far as I am concerned good riddance losers.

Go ahead keep defending {your version} of patriotism.

#24 | Posted by RightisTrite at 2014-07-06 02:12 PM | Reply | Flag:

If paying your taxes is your definition of patriotism then there are very many in the country who are not prtriotic. Of course another version of patriotism is Hillary's statement:

"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic," a shrill-sounding Clinton shouted during her address to Connecticut's Jefferson Jackson Bailey dinner.

"We should stand up and say, we are Americans and we have a right to debate and disagree with any administration," she shrieked."

Though I guess that only applies to lefties disagreeing with a Republican president.

#25 | Posted by MSgt at 2014-07-06 06:21 PM | Reply | Flag:

If these American companies are moving offshore, I say tax the hell out of their corporate profits, view it as a tariff of sorts. I've already stopped shopping at Walgreens years ago as the bought the land and destroyed a successful small business in my town, despite there being 2 drug stores less than 200 yards away. Their CEO is a POS.

#26 | Posted by aborted_monson at 2014-07-06 07:15 PM | Reply | Flag:

"If these American companies are moving offshore, I say tax the hell out of their corporate profits, view it as a tariff of sorts. I've already stopped shopping at Walgreens years ago as the bought the land and destroyed a successful small business in my town, despite there being 2 drug stores less than 200 yards away. Their CEO is a POS."

Of course no one on the left even considered the reason they are moving offshore. It's because liberals already tax the hell out of their corporate profits and want more.

#27 | Posted by sames1 at 2014-07-06 07:39 PM | Reply | Flag:

It's funny how many corporations that support Obama are off sourcing and moving offshore.

The Xerox CEO a black woman and solid supporter of Obama won't hire in the US in one of her divisions. Jobs are going to Mexico, India, and Singapore while they are inventing ways of laying off US based employees.

#28 | Posted by sames1 at 2014-07-06 07:41 PM | Reply | Flag:

Hey liberals... Thanks for exporting America. Here is a list of companies outsourcing and going offshore. Try boycotting all of them. I doubt you would be able to live other than in a cave in Alaska if you did.

www.cnn.com

This is just the "A's"

A
Aalfs Manufacturing
Aavid Thermal Technologies
ABC-NACO
Accenture
Access Electronics
Accuride Corporation
Accuride International
Adaptec
ADC
Adobe Systems
Advanced Energy Industries
Aetna
Affiliated Computer Services
AFS Technologies
A.G. Edwards
Agere Systems
Agilent Technologies
AIG
Alamo Rent A Car
Albany International Corp.
Albertson's
Alcoa
Alcoa Fujikura
Allen Systems Group
Alliance Semiconductor
Allstate
Alpha Thought Global
Altria Group
Amazon.com
AMD
Americ Disc
American Dawn
American Express
American Greetings
American Household
American Management Systems
American Standard
American Uniform Company
AMETEK
AMI DODUCO
Amloid Corporation
Amphenol Corporation
Analog Devices
Anchor Glass Container
ANDA Networks
Anderson Electrical Products
Andrew Corporation
Anheuser-Busch
Angelica Corporation
Ansell Health Care
Ansell Protective Products
Anvil Knitwear
AOL
A.O. Smith
Apple
Applied Materials
Ark-Les Corporation
Arlee Home Fashions
Art Leather Manufacturing
Artex International
ArvinMeritor
Asco Power Technologies
Ashland
AstenJohnson
Asyst Technologies
Atchison Products, Inc.
A.T. Cross Company
AT&T
AT&T Wireless
A.T. Kearney
Augusta Sportswear
Authentic Fitness Corporation
Automatic Data Processing
Avanade
Avanex
Avaya
Avery Dennison
Azima Healthcare Services
Axiohm Transaction Solutions

#29 | Posted by sames1 at 2014-07-06 07:46 PM | Reply | Flag:

Dems in my state tax the rain.

#30 | Posted by mysterytoy at 2014-07-06 08:34 PM | Reply | Flag:

SAMES1 if you love America why do you support outsourcing?

#31 | Posted by Tor at 2014-07-06 09:08 PM | Reply | Flag:

"Walgreens receives one quarter of its annual $72 billion in sales from Medicaid and Medicare reimbursements"

If the do move offshore, they should be banned from Medicaid and Medicare ..

#32 | Posted by SammyAZ_RI at 2014-07-06 09:41 PM | Reply | Flag:

@ SAMMYAZ_RI

That is assuming of course a competitive alternative is in the area.

#33 | Posted by Tor at 2014-07-06 09:52 PM | Reply | Flag:

That is assuming of course a competitive alternative is in the area.

Wouldn't even have to be competitive just one willing to accept medicare/medicaid. If Walgreens was banned from Medicaid/Medicare a pharmacy would pop up in any market they were in.

That is actually a good argument Sammy. I would say that should be general government expense policy only doing business with American corporations.

#34 | Posted by TaoWarrior at 2014-07-06 10:44 PM | Reply | Flag:

Walgreens is moving offshore because the war on drugs is shutting down. Pigs are stupid.

#35 | Posted by RightisTrite at 2014-07-07 01:30 AM | Reply | Flag:

#28 | POSTED BY SAMES1 AT 2014-07-06 07:41 PM | FLAG: NEEDS SOME ON TO PASS HIM THE LUBE

They were there already. ------- like you think it means something. Your "A" list are the same pigs that were on the boohoo brigade with their hands out when the economy tanked.

American Express? Give me a break. All of you go to Switzerland or where every else you think is sooo much better.
Typical ------------ response.

You right wing cowards. Why don't all of you jump ship and go with them to their version of paradise. Whimps like you blame Obama for the reason nations and you poop your pants about the next armageddon. That is why they don't fear us. Your stupid cowards! Someone runs off to Switzerland the tax neutral utopia. Well the next time the pigs want to male up some bs so they can insure they have an oil supply in perpetuity perhaps they can get that liberal socialist nation to defend their oil interests armed with those fancy pocket knives.

You idiots.

LOSERS

You people are beyond stupid. That is why you suck at congress.. and everything else.

#36 | Posted by RightisTrite at 2014-07-07 01:58 AM | Reply | Flag: | Newsworthy 1

"You people are beyond stupid. That is why you suck at congress.. and everything else."

Poor rightisright's head is about to explode. Poor thing. Awwwwww.

#37 | Posted by sames1 at 2014-07-07 04:39 AM | Reply | Flag:

" Your "A" list are the same pigs that were on the boohoo brigade with their hands out when the economy tanked.

American Express? Give me a break. All of you go to Switzerland or where every else you think is sooo much better.
Typical ------------ response. "

Read much? That list was provided by....wait for it.... CNN... DUH!!!

#38 | Posted by sames1 at 2014-07-07 04:42 AM | Reply | Flag:

", in Mitt's case, he used the Mormon Church as a tax shelter by setting up a Charitable Remainder Unitrust (CRUT), that paid him a specific amount of money per year from dividends while also donating the smallest amount possible to the church."

Nice work Sherlock.. you caught him red handed doing something that is exactly in the IRS code. Forget about Charlie Rangel et. al out and out cheating on taxes. That's ok, but if someone has an R behind their name, then it's BADDDD to actually use the IRS code and pay less taxes.

Hey...here's a tip... look into how Apple avoids taxes.. duh..

#39 | Posted by sames1 at 2014-07-07 10:31 AM | Reply | Flag:

-The highest corporate tax rate in the world

Is a red herring, considering that the effective tax rate, the rate actually paid, is average for industrialized nations.

Rwingers make up all kinds of excuses for their beloved masters.

#40 | Posted by Corky at 2014-07-07 01:00 PM | Reply | Flag:

Read much? That list was provided by....wait for it.... CNN... DUH!!!

#38 | POSTED BY SAMES1 AT 2014-07-07 04:42 AM | FLAG: STILL STUPID

So CNN publishes a shopping list of tax defectors and that is supposed to give it credibility? And you think my head has exploded? I don't care who said it. Treating as a "dire warning" is lame hyperbole typical of the rightwingnuts. For two decades those companies with all the capital have managed to lower the income of most Americans and now they are heading for "greener pastures" and you think everyone should be upset. Why?

You losers are like battered spouses who plug in to something that beats you on a regular basis because you think we cannot live without it. As if the are the only show in town and nothing can replace them and therefore should be tolerated at all costs.

If you had any balls as an American you would know that there isn;t a business out there that cannot be replaced with something better.

Most of them are like Walgreens in the article. One year they are fined by the government for pumping oxycontin onto the streets and the next year they are leaving for "tax reasons" and you think the "tax reasons" are due to socialistic problems in the US. Meanwhile they dodge the "tax problems" by relocating to Switzerland where one of the oldest socialist parties in the world exists.

NO they are leaving because they can't maintain the profit margins without dealing in the illicit markets. All those companies "burdened" by something in the US? Grow up. Companies and corporations come and go like johns to hookers.

You brand of stupid is right up there with blaming the exodus of manufacturing jobs on unions by moving production to communist countries as a way of escaping the creeping socialist menace.

#41 | Posted by RightisTrite at 2014-07-07 01:42 PM | Reply | Flag:

I haven't seen one of the radical left's favorite industries listed anywhere..

HOLLYWOOD is one of the largest industries that work out of the country because of tax breaks and cheap labor....

ask michael moore,for instance, why his last couple of films were edited in Toronto ?

#42 | Posted by afkabl2 at 2014-07-07 02:06 PM | Reply | Flag:

and don't even talk about 'scenery' or the like....hollywood can build anything..

#43 | Posted by afkabl2 at 2014-07-07 02:08 PM | Reply | Flag:

"All those companies "burdened" by something in the US? Grow up. "

Grow up? That's your answer?

I can tell you've never run a business. You have no idea of the tax and regulatory burdens a business in the US has. You have no idea that the competition overseas has few of those costs and burdens. I guess when it comes to business you are just as savvy as Obama.

#44 | Posted by sames1 at 2014-07-07 02:17 PM | Reply | Flag: | Newsworthy 1

"ask michael moore,for instance, why his last couple of films were edited in Toronto ?"

Because... because.. damn those guns... the US has guns and it's not safe there... it's not safe to get between me and a Dunkin Donut shop either, but I digress. - Michael Moore

Google does it, Apple does it... but that's OK because they are liberal types just like Hollywood. The old "do as I say not as I do" crowd.

Don't use guns: hey I have one cause I'm special but no one else should.
Don't use carbon fuels: but I have a jet cause I'm special, but you can't.
Don't move jobs overseas: but I give to liberal causes, so that's ok.

#45 | Posted by sames1 at 2014-07-07 02:21 PM | Reply | Flag:

#42 | POSTED BY AFKABL2 AT 2014-07-07 02:06 PM | FLAG: Even 'HOLLYWOOD' does it's best to escape taxes and regulatory burden. Just look where they are doing the most movies [note: This state, Louisiana is one of the locations]:

www.forbes.com

#46 | Posted by MSgt at 2014-07-07 02:48 PM | Reply | Flag:

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