From: Mike Hunter on
Pease back up your claim that information is NOT available ;)

Of course there is all kinds of information on public corporations, at the
IRS site, go look. You can find out how much US corporate taxes were paid
by any corporation doing business in the US. When you do look you will not
find a penny in US corporate income taxes paid by Toyota or any of its US
holding companies.

You can fiend out how much tax was paid by your Senators and
Representatives, as well. Even your doctor or car dealer, if incorporated
and only sold stock to family members, but not if they are partnerships.

Many of the partnerships are incorporated but today as the newer LLCs
however and thus not public companies.

mike


"Scott in Florida" <Justtofakeoutliberals(a)yahoo.com> wrote in message
news:3br593lkksn9ft2m148895vmdfk66cln74(a)4ax.com...
> On Mon, 9 Jul 2007 08:33:41 -0400, "C. E. White"
> <cewhite3(a)removemindspring.com> wrote:
>
>>Why not just give us the URL of the IRS website that backs up your
>>claim?
>>
>>Ed
>
> He can't, cause it isn't there....
>


From: C. E. White on

"Scott in Florida" <Justtofakeoutliberals(a)yahoo.com> wrote in message
news:3br593lkksn9ft2m148895vmdfk66cln74(a)4ax.com...
> On Mon, 9 Jul 2007 08:33:41 -0400, "C. E. White"
> <cewhite3(a)removemindspring.com> wrote:
>
>>Why not just give us the URL of the IRS website that backs up your
>>claim?
>>
>>Ed
>
> He can't, cause it isn't there....

Mike ignores the fact that Toyota does business in the US through a number
of wholly and partially owned subsidiaries. All of these are incorporated in
the US and subject to state and local income taxes. No doubt Toyota plays
accounting games to avoid US taxes to the extent possible, but like any
other company operating in the US, they are subject to US taxes.

The Toyota corporate structure is so complicated I wonder if even Toyota can
track the cash flow. Here are some of the subsidiaries incorporated in the
US -

TABC, Inc.- 100.00% TMC owned (TMC = Toyota Motor Corp [Japan])
New United Motor Manufacturing, Inc. (NUMMI) - 50.00% TMC owned
Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) - 100.00% TMC owned
Bodine Aluminum, Inc. Jan. - 100.00% TMC owned
Toyota Motor Manufacturing, West Virginia, Inc. (TMMWV) - 100.00% TMC owned
Toyota Motor Manufacturing, Indiana, Inc. (TMMI) - 100.00% TMC owned
Toyota Motor Manufacturing, Alabama, Inc. (TMMAL) - 100.00% TMC owned
Toyota Motor Manufacturing, Texas, Inc. (TMMTX) - 100.00% TMC owned
Toyota Technical Center, U.S.A., Inc. - 80% TMC Owned, 10% Toyota Motor
Sales U.S.A. Owned (rest is split between Aisin and Denso, which are
partially owned by Toyota)
Toyota Motor Sales U.S.A, Inc. - 100.00% Toyota Motor North America owned
Toyota Motor Manufacturing North America, Inc.. - 100.00% Toyota Motor North
America owned
Calty Design Research, Inc. - 80% TMC Owned, 20% Toyota Motor Sales U.S.A.
Owned
Servco Pacific Inc. (Hawaii) - 100.00% TMC owned
Toyota Motor Engineering & Manufacturing North America, Inc. - 100% TMC
owned
Toyota Motor Credit Corporation - 100% TMC owned
Toyota Motor North America, Inc. - 100% TMC owned


From: mrv on
On Jul 5, 2:08 pm, "Mike Hunter" <mikehu...(a)mailcity.com> wrote:
> Those if favor of "tax" assistance do not think of the fact they are the
> ones paying the tax money that is used to "assist," and that is going to a
> foreign corporation that pays NO US federal corporate income taxes ;)
>

This is now OT, but according to a 2004 US GAO report, between 1996
and 2000, 61% of American corporations and 70% of foreign-owned
corporations paid no US federal income taxes. For the 2000 tax year,
93.9% of US-controled companies paid less than 5% of its income in
taxes.
http://www.fool.com/investing/general/2004/04/08/most-companies-paid-no-taxes.aspx
http://www.boston.com/business/globe/articles/2004/04/11/most_us_firms_paid_no_income_taxes_in_90s/
original/full GAO report:
http://www.gao.gov/new.items/d04358.pdf

So, although I haven't found a site that publicizes US tax records,
since the majority of companies owned or operated in the US did not
pay US federal income taxes in 1996-2000, that the odds are in your
favor for truth if you say that corporation X didn't pay federal
taxes...

(I could not find data on individual firms' taxes paid, nor on state/
local income or property taxes, nor employment taxes...)

From: Bill Putney on
mrv(a)kluge.net wrote:

> This is now OT, but according to a 2004 US GAO report, between 1996
> and 2000, 61% of American corporations and 70% of foreign-owned
> corporations paid no US federal income taxes. For the 2000 tax year,
> 93.9% of US-controled companies paid less than 5% of its income in
> taxes.
> http://www.fool.com/investing/general/2004/04/08/most-companies-paid-no-taxes.aspx
> http://www.boston.com/business/globe/articles/2004/04/11/most_us_firms_paid_no_income_taxes_in_90s/
> original/full GAO report:
> http://www.gao.gov/new.items/d04358.pdf

Are there not other taxes (besides income taxes) and fees that
corporations do pay that allow a little sleight of hand in the picture
that's painted when quoting such figures (i.e., just income tax)? Also,
ignoring that, the very people that would be in favor of hitting up
businesses with more taxes, costs, and penalties would be the very ones
who complained after the fact that businesses are moving off shore and
would blame, instead of themsleves, the people who were in favor of
giving businesses incenctives for staying here and keeping business
costs low.

> So, although I haven't found a site that publicizes US tax records,
> since the majority of companies owned or operated in the US did not
> pay US federal income taxes in 1996-2000, that the odds are in your
> favor for truth if you say that corporation X didn't pay federal
> taxes...
>
> (I could not find data on individual firms' taxes paid, nor on state/
> local income or property taxes, nor employment taxes...)

Bill Putney
(To reply by e-mail, replace the last letter of the alphabet in my
address with the letter 'x')
From: Jeff on
C. E. White wrote:
<...>
> Mike ignores the fact that Toyota does business in the US through a number
> of wholly and partially owned subsidiaries. All of these are incorporated in
> the US and subject to state and local income taxes. No doubt Toyota plays
> accounting games to avoid US taxes to the extent possible, but like any
> other company operating in the US, they are subject to US taxes.

There may be tax treaties between the US and Japan that apply to Toyota
as well as the Michigan 3. However, Japan's corporate tax rate is higher
than the US's. So there is no net benefit to Toyota to avoid US taxes.

Jeff

> The Toyota corporate structure is so complicated I wonder if even Toyota can
> track the cash flow. Here are some of the subsidiaries incorporated in the
> US -
>
> TABC, Inc.- 100.00% TMC owned (TMC = Toyota Motor Corp [Japan])
> New United Motor Manufacturing, Inc. (NUMMI) - 50.00% TMC owned
> Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) - 100.00% TMC owned
> Bodine Aluminum, Inc. Jan. - 100.00% TMC owned
> Toyota Motor Manufacturing, West Virginia, Inc. (TMMWV) - 100.00% TMC owned
> Toyota Motor Manufacturing, Indiana, Inc. (TMMI) - 100.00% TMC owned
> Toyota Motor Manufacturing, Alabama, Inc. (TMMAL) - 100.00% TMC owned
> Toyota Motor Manufacturing, Texas, Inc. (TMMTX) - 100.00% TMC owned
> Toyota Technical Center, U.S.A., Inc. - 80% TMC Owned, 10% Toyota Motor
> Sales U.S.A. Owned (rest is split between Aisin and Denso, which are
> partially owned by Toyota)
> Toyota Motor Sales U.S.A, Inc. - 100.00% Toyota Motor North America owned
> Toyota Motor Manufacturing North America, Inc.. - 100.00% Toyota Motor North
> America owned
> Calty Design Research, Inc. - 80% TMC Owned, 20% Toyota Motor Sales U.S.A.
> Owned
> Servco Pacific Inc. (Hawaii) - 100.00% TMC owned
> Toyota Motor Engineering & Manufacturing North America, Inc. - 100% TMC
> owned
> Toyota Motor Credit Corporation - 100% TMC owned
> Toyota Motor North America, Inc. - 100% TMC owned
>
>