Re: Diesel 9,5$/gl in Norway

On May 10, 9:10=A0am, Roland Franzius <roland.franz...@[EMAIL PROTECTED]
> wrote:
> trad...@[EMAIL PROTECTED]
 schrieb:
>
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> > On May 10, 7:44 am, jdoe <j...@[EMAIL PROTECTED]
> wrote:
> >> On Fri, 9 May 2008 21:31:43 -0400, "Commuter" <t12...@[EMAIL PROTECTED]
>
> >> wrote:
>
> >>> Where do you get that at the government gets half of the profits?
>
> > It's a well known fact that the top cor****ate tax rate is 50%. =A0With
> > record profits, the major oil companies are paying at the top rate.
> > And even with that rate, income tax is less than half of the total
> > taxes paid. =A0 =A0 Here's Exxon for example:
>
> > "On May 1, Exxon Mobil announced first-quarter 2008 earnings of $10.9
> > billion=97a figure that marks the second-largest U.S. quarterly profit
> > ever, even if it slightly missed Wall Street's expectations.
>
> > Perhaps more surprising was this figure buried in the Exxon (XOM)
> > re****t: $9.3 billion. That's how much Exxon paid in worldwide income
> > taxes in the first quarter of 2008, representing a 49% tax rate on
> > its
> > gross income of $20.2 billion.
>
> > Blogger and economist Mark Pery generated a lively discussion when he
> > pointed to Exxon's "all-time high" income-tax figure, noting it was a
> > small ****tion of the company's overall $29.3 billion total tax
> > payments in the quarter. "
>
> > Now, isn't it a funny thing how you just about never hear any of that
> > re****ted by the popular news media?
>
> >> so your clueless also, the government makes more money per gallon
sold
> >> than the oil companies do
>
> > I leave it for others to judge who's clueless here. =A0 But you are
> > correct that the govt actually receives more money per gallon sold
> > than Exxon keeps as profits.
>
> That of course nonsense.

What exactly is it that you're claiming is nonsense?   A reference to
back it up would be most welcome.   I gave you Business Week, which
most reasonable people would find credible.   You can also pull up
Exxon's 10K, yearly financial statements, etc. which will show they
pay about half their profits as income tax.

http://www.businessweek.com/bwdaily/dnflash/content/may2008/db2008051_596535=
..htm?chan=3Drss_topEmailedStories_ssi_5

"On May 1, Exxon Mobil announced first-quarter 2008 earnings of $10.9
billion=97a figure that marks the second-largest U.S. quarterly profit
ever, even if it slightly missed Wall Street's expectations.

Perhaps more surprising was this figure buried in the Exxon (XOM)
re****t: $9.3 billion. That's how much Exxon paid in worldwide income
taxes in the first quarter of 2008, representing a 49% tax rate on its
gross income of $20.2 billion."




 Profit is only the rest companies cannot hide
> from local authorities by investments worldwide.
>

Try taking a course in accounting.  Investment and profit are two
different things.



> The gas price speculation surge hit the oil companies all of a sudden
> and they had no time and target to reinvest their speculation profits
> during the finance market breakdown.

Sure, and your source for this is?


>
> In Europe in the mean of the last decades the production and
> distribution of fuel only generates losses.

If that's the case, it's a sad reflection on a socialist economy.  But
of course it ain't true or no one would be drilling and pumping vast
amounts of oil out of places like the North Sea.  How do you expect
businesses to exist without profits?    Who will invest and where will
the money come from for new exploration, refineries, etc?



The profits arise somewhere
> in the taxfree world between oil sources and Rotterdam and the money
> made there rotates freely in the internet orbit.

The USA is hardly a "tax free" world, and as I showed you, the oil
companies here are paying huge amounts, about 50% of profits as income
tax.   And that is just one part of the total taxes they pay.   Who do
you think payes these taxes in the end?   Answer: consumers



>
> Seems to have been speeding up to escape velocity now.

Only thing spinning here is tall tales.



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