Thursday, October 1, 2015

Breaking: Carly Fiorina and HP Scammed Taxpayers Out Of $4 Billion

http://www.occupydemocrats.com/breaking-carly-fiorina-and-hp-scammed-taxpayers-out-of-4-billion/
"Under Fiorina, Hewlett-Packard heavily lobbied the U.S. government for a tax holiday – the Homeland Investment Act of 2004. Piteous moaning about the burden of having to pay corporate taxes and how it was restricting them from creating jobs was met with open arms by the George W. Bush Administration, which bent over backwards for the oligarchs and gave them a tax break on money earned overseas. Their tax rate was dropped from 35% to 5.25%, and HP saved $4.3 billion dollars.
Fiorina then decided that her personal finances were more important than the workers of her company or even the health of the company herself, and poured four billion dollars into stock buybacks, where a company artificially inflates its own stock by putting its own money into it, funneling the profits directly to Fiorina and the shareholders- which was specifically prohibited in the tax holiday bill in the first place."