A Quote by David Cay Johnston

The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporations to keep two sets of books, one for shareholders and one for the IRS, and the IRS records are secret. For publicly-traded companies, the British system would tend to align the interests of the government with the interests of the company because the company wants to report the biggest possible profit. Though, all wealthy countries have high taxes as wealth requires lots of common goods, from clean water to public education to a justice system.

David Cay Johnston

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Align America Because Biggest Books British Clean Clean Water Common Common Good Companies Company Corporation Corporations Countries Education Goods Government High High Taxes Interests IRS Justice Justice System Keep Lots Pay Possible Profit Profits Public Public Education Publicly Records Report Reports Require Requires Secret Sets Shareholders System Taxes Tend Though Traded Two Use Wants Water Wealth Wealthy Whereas Would

Quote Author

David Cay Johnston
American - Journalist
Born: December 24, 1948

People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.

Malcolm Turnbull

Patagonia, a large apparel manufacturer based in Ventura, California, has organized itself as a 'B-corporation.' That's a for-profit company whose articles of incorporation require it to take into account the interests of workers, the community, and the environment, as well as shareholders.

Robert Reich

The government doesn't want us to have weapons and yet, they have weapons. I think the biggest weapon they have is the IRS - Internal Revenue Service. They can use taxes as a weapon, and the IRS code that you can't even figure it out.

Glenn Beck

Warren Buffett's company reportedly owes the IRS a billion dollars in back taxes. When he said he wasn't paying enough taxes, he wasn't kidding.

Jay Leno

With a traditional human resources system, we would work with a company, select the product, customise and implement the system, and our job would be over. Some companies are changing and asking why do they need to own the HR system when they can connect to an Internet service and pay as you go?

Kris Gopalakrishnan

Corporations are driving down wages and working conditions across the globe to maximize returns for their shareholders. They use their power and influence to ensure the rules align with their interests - no matter the cost.

Winnie Byanyima

There are certainly valid reasons for taking a company private, and it's also possible that C.E.O.s perform better when monitored by a small number of owners in a private company rather than by the dispersed and often uninterested shareholders of a public corporation.

James Surowiecki

When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.

Carroll Quigley

I strongly believe in the apprenticeship model because we see in a lot of countries the local education system is not providing talent that businesses need. So it is important that there is an alignment between what the companies need and the education system, so the education system can build the right programmes.

Alain Dehaze

In India, we are forced to choose our specialisation very early, whereas in some other countries, this can be done much later in life. While the British have abandoned this approach, we in India seem to be struggling with the old British system of education.

Anand Mahindra

The problem is that corporations have way too much power in Congress and the government and they're rigging the system so that they don't pay taxes, but we do. We pay for all these crazy wars they come up with.

Richard Patrick

Unfortunately, corruption is widespread in government agencies and public enterprises. Our political system promotes nepotism and wasting money. This has undermined our legal system and confidence in the functioning of the state. One of the consequences is that many citizens don't pay their taxes.

George Papandreou

The problem that we have is some of the more vocal countries, which parade themselves as Islamic countries, are, in fact, brutal dictatorial regimes. We don't accept them as being Sharia at all, because, what they tend to do, is they tend to just implement several aspects of the penal code and one or two morsels of the social system, but the rest of the system, like providing the basic needs and the social aspects of society and an education system, is completely ousted.

Anjem Choudary

Creating a high-functioning education system requires all the strategies involved in building high-functioning organisations anywhere. It requires a deliberate and aggressive strategy to ensure extraordinary talent at every level of the system, from the superintendentcy to district offices to principalships to classrooms. It requires building systems for accountability; offering parents the ability to choose their public schools is the ultimate form of this. It requires building a strong culture at the system and school levels based on high expectations for student achievement.

Wendy Kopp

The U.K. government has been clear that it wants to use the opportunity of leaving the E.U. to design a future immigration system that works in the best interests of the country. A key part of this system must be creating an environment that allows us to achieve sustainable levels of net migration.

Amber Rudd

Restoring and maintaining a great nation's fiscal health will require not just sound arguments and an engaged public but something more. It will require an electoral system that encourages our representatives to place the long-term interests of the public ahead of parochial special interests.

Alan K. Simpson

A Quote by David Cay Johnston

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