GM pays $908M USD in Chinese Taxes, $5M in the US.

Ravenseal · 04-01-2016, 06:52 PM

I guess the Chinese government will be lining up to bail them out in the next recession, closely after Mexico.

'merica

Quote:

"The carmaker paid just $5 million in federal taxes last year, its SEC filings show. For its total federal, state and local bill, all in, it booked zero taxes, the filings show. Meantime, in 2015, GM paid more than $908 million in taxes to China."

http://www.foxbusiness.com/markets/2...apitalism.html

AM4ZING · 04-01-2016, 06:57 PM

That is why China is ballin

Efthreeoh · 04-03-2016, 03:30 PM

How much did it pay in federal employment tax, social security, and medicaid? How much did its suppliers pay in those taxes, dealerships, independent repair shops, auto part stores, ice cream vendors, Starbucks...

you get my point.

And China must have a high foreign corporate tax rate...

larryn · 04-03-2016, 06:43 PM

It's called import tax. Those don't happen for GM in the States. Also, I thought it was pretty cool to see that in Beijing/Shanghai probably 1/5 of the cars are Buicks.

David70 · 04-03-2016, 07:43 PM

As long as they are paying what is required by law I don't blame the corporations for it.

I only pay exactly what is required, not a dollar more.

04-01-2016, 06:57 PM	#2
AM4ZING Colonel 1205 Rep 2,105 Posts Drives: M4 MW/SO 6MT, E46 M3 AW/IR 6MT Join Date: Jan 2015 Location: Los Angeles, CA iTrader: (0) Garage List 2004 BMW M3 [0.00] 2015 BMW M4 [0.00]	That is why China is ballin __________________ MILA \| E46 BMW M3 \| AW/IR \| 6MT \| KW V3 \| CSL \| Vorsteiner \| EMILY \| F82 BMW M4 \| MW/SO \| 6MT \| M Carbon Ceramic Brakes \| M Performance Exhaust \|
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04-03-2016, 03:30 PM	#3
Efthreeoh General 17314 Rep 18,737 Posts Drives: The E90 + Z4 Coupe & Z3 R'ster Join Date: May 2012 Location: Virginia iTrader: (0)	How much did it pay in federal employment tax, social security, and medicaid? How much did its suppliers pay in those taxes, dealerships, independent repair shops, auto part stores, ice cream vendors, Starbucks... you get my point. And China must have a high foreign corporate tax rate... __________________ A manual transmission can be set to "comfort", "sport", and "track" modes simply by the technique and speed at which you shift it; it doesn't need "modes", modes are for manumatics that try to behave like a real 3-pedal manual transmission. If you can money-shift it, it's a manual transmission. "Yeah, but NO ONE puts an automatic trans shift knob on a manual transmission."
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04-03-2016, 06:43 PM	#4
larryn Lieutenant General 2148 Rep 10,176 Posts Drives: '97 332ti, '21 X5 45e, '16 GT4 Join Date: May 2005 Location: Seattle iTrader: (2)	It's called import tax. Those don't happen for GM in the States. Also, I thought it was pretty cool to see that in Beijing/Shanghai probably 1/5 of the cars are Buicks.
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04-03-2016, 07:43 PM	#5
David70 Colonel 1567 Rep 2,665 Posts Drives: 06 Z4M Coupe - 13 Cadillac ATS Join Date: Apr 2012 Location: Cincinnati, OH iTrader: (1)	As long as they are paying what is required by law I don't blame the corporations for it. I only pay exactly what is required, not a dollar more. __________________ 2006 Z4M Coupe - Stromung exhaust, ZHP knob, stubby antenna, clutch delay delete
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