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Corporate Taxes: Last Week Tonight with John Oliver (HBO)

78653 ratings | 5642898 views
Many of America’s largest corporations shift a surprising portion of their profits overseas to avoid paying taxes. Even more surprisingly, that’s a legal thing to do. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
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Text Comments (6695)
Stephanie Halim (4 days ago)
treasury secretary Alexander Hamilton where u @
Austin Schweitzer (5 days ago)
I'm an average American making $45,000/year, and the Trump tax cuts were able to generate a larger refund last April of about triple my normal amount. Same allowances and same tax bracket from the Obama years generated a lower refund and higher amount taken out of each paycheck. Thank you, President Trump, for paying for my vacation to Europe this summer!
HKZ P (6 days ago)
It kind of makes sense. Lower the tax rates but make sure the taxes actually get paid. Business people are not risk adverse. Make the reward for breaking the law lower while making the risk higher.
Uplifting Comments. (7 days ago)
To be fair if we over tax large companies they will just leave the country and go somewhere with less tax but still sell their goods here and people will still buy it. If they leave the country they take the jobs with them. The jobs they offer are shitty but they are still jobs.
Josny13 (8 days ago)
Wait if only 40% of her taxes go to the gvmt, where does the rest go? 15:50 "Sweet, now we are rich AND have a smelly potato!"
TWSTF 8 (9 days ago)
Call him a, "Socialist," if you want, but everything Bernie Sanders has ever said about economics in America, especially wage and tax disparities is 100% TRUE. In reality, the largest recipients of anything even resembling, "Socialism," are the largest companies and religious organizations. We have, per capita, the biggest Corporate welfare system in the world. And, the people working the hardest have the least access to affordable health care, the highest cost of living, and lowest wages. All we can do is hope enough Americans will have wised up to Trump's BULLSHIT before the 2020 elections begin, regardless of who ends up winning the Democratic nomination. There isn't a candidate campaigning that wouldn't be preferable to Trump. He simply cannot be allowed to serve a day longer than his one term!
Underdog Rising (13 days ago)
The fact my name is Anthony made me even more paranoid about my taxes. Thanks.
dick castle (13 days ago)
The fuckin military takes way more than tht
SchwerMetall154 (15 days ago)
It's stuff like this that brings me back to Jon Stewart's time at the Daily Show when he talked about "class warfare" where all these millionaires and billionaires on Fox News made a stink about possibly paying more in taxes. They called the working poor the "moocher class" and the top 1% of earners the "productive class", they talked about how the poor aren't actually poor because many of them own a refrigerator or a microwave, how billionaires like Warren Buffet and Bill Gates who publicly say they should be taxed more to shut up and somehow socialist, and then when the sequester went on without the big tax raises on those making $650k or more that Obama wanted they blamed him for the funding deficit. Conservatives, amirite? Not actual conservatives like Eisenhower or Nixon though, I mean the neocons and paleocons like every Republican since Newt Gingrich ran for the House. If anyone wants to see the Class Warfare bit: Pt1: https://youtu.be/-t6dEC34hf8 Pt2: https://youtu.be/gj1DVouGCrw
craig tibbits (15 days ago)
As if cardi b gives two shits about paying for taxes 🙄smdh
Daniel Verberne (15 days ago)
Hearing of these tax avoision (thanks The Simpsons) strategies makes my blood boil. Human greed seems to know no bounds.
Jace Cleme (17 days ago)
Donald Trump and Cardi B. What the fuck has this country become? A haven for fuckin idiots.
Anthony Gonzales (17 days ago)
America is a poor country and also the most corrupted and shit hole in the world 😂
MoonMan (13 days ago)
Go ahead and look up the job #s this year.
filbert the frog (17 days ago)
whose the badly spoken, stupid, racist on the instagram video... and how was that allowed to be posted???
Жора Корнев (17 days ago)
I would need to be brain-dead to listen to cardiB
Stephen Miller (17 days ago)
She's proof that you don't need to be smart to be famous.
Evan Canellakis (18 days ago)
Tim apple is not avoiding tax.. or is he
chip skylark (18 days ago)
Pirate HEAVEN LMAO
Wheels Lifts (19 days ago)
Actually, I kind of agree with trump on the repatriation thing. If the taxes are dropped by 20%, it makes it less worth it for big companies to move their money around to save on taxes. Maybe with the lower tax rate, the companies will just pay for it instead of using loopholes. Who knows.. but if it does work, the 15% tax would technically bring in more than 35% in this case.
Horthorn (19 days ago)
You really need GST in the US - 15% tax on all (100%) transactions (no exceptions) rebated if you are not the end user. Works in other countries.
Grizzledwarveteran23 (20 days ago)
Trickle down economics
Justine M (20 days ago)
Tim cook sounds like an evil male Elizabeth Warren lmao
Paxton Collins (21 days ago)
Why do I get the feeling that Cardi B rant doubled as a vocal warm-up?
DrPinkieDie (23 days ago)
Well Cardi B certainly needs that money, or else how is she gonna afford a nice 12 gauge to Blow her Stupid Bitch Brains out
Jennie Kelly (24 days ago)
Every cent a US corporation makes in revenue should have to be put into an American bank. The owners of a corporation can do whatever they want to with their personal money. The US Government not forcing American corporations to store their money in the banks of this country, seems like a lot of money going from one greasy palm to another..........
Carlos Deleon (24 days ago)
Pirate
Duncan Beach (25 days ago)
11:13 i thought they were the same person
darwincity (27 days ago)
And then there are the "secret tax heavens", where fiscal advantages are less flagrant, but still exist. Look at Belgium.
Will Not (28 days ago)
The proposal that every company has to pay taxes on the money made in each country would have been one of the best things could only be topped by every country following through with it
chad jacobs (28 days ago)
The only problem with all of this is most don't understand the flow of money through taxation from top to bottom of the market and who pays what at different stages. You make more, you pay more. Period. And a person/corporation cannot be blamed for seeking an advantage in that situation.
Diego Puertas (1 month ago)
Only people pay taxes, corporations don't: https://www.youtube.com/watch?v=UDqVDw9qfH4 "Corporate Taxes" is just a way to obscure how much the government is taxing you.
Homage (1 month ago)
Hey Cardi B? What'd you do with those mens' money that you drugged and stole from, huh? Fuckin' cunt should not have any kind of career.
Catherine Gold (1 month ago)
Jake Tapper 😱😭😭😭😭 👌
TheFlames376 (1 month ago)
Yeah but black people might be using welfare so we gotta get them yeet yeet skeet skeet our tax system is so sweet
Cyka Blyat (1 month ago)
Convenientlay on Tax day
Oddly Wired (1 month ago)
Omg, this video made me LOVE Cardi B. Funny as shit. Love you, too John. 😂
El Chulito GA (1 month ago)
You say evasion, I say avoision... it’s a word look it up.
J Delgado (1 month ago)
Amazon paid $0
Lord Colin (1 month ago)
His name is Tim apple lib.
Gary Reid (1 month ago)
Why is social security on that chart. That is not funded by income tax or even paid out by them. Fuc ing idiot.
Dee Bee (1 month ago)
https://observer.com/2017/05/john-oliver-property-tax-scam-trump/
As a Puerto Rican resident I can say fucking taxes are important if you want to get a strong economy
FreddyFish (1 month ago)
"They have to be white" Which is true. Black countries will do the same corrupt things and worse but aren't stupid enough to make it obvious. Africa, the continent which will always bleed.
Andrew White (1 month ago)
Are f****** tax money is being wasted by the government !!!!!!
Himanshu Garg (1 month ago)
America: We'll bring the overseas money back home.. All of America will benefit from this.. India: No it won't..
Prashant Wason (1 month ago)
Hahaha
45shfifty (1 month ago)
DONT TALK SHIT ABOUT TOTAL!
Josh12342 (1 month ago)
I mean at least u got Tim Cook's name right, amen "Tim Apple" (Trump)
Unknown (1 month ago)
Taxes go to illegal wars and coups where the country doesnt want to share their oil
trush0t1 (1 month ago)
Cardi B is a rapist.
coda creator (2 months ago)
Job creation works better if tax breaks are earned for investment in labor, wages and benefits. Just cutting taxes alone will not usually result in expansion of labor. In fact, many companies is the windfall to further automate and consoldate, which cuts jobs.
Richard Bigham (2 months ago)
So 8-15 percent of something is better than 35 percent of nothing. Are taxe rate is to high that's why companies go overseas with there money.
MetalDetroit (2 months ago)
The corporate tax rate should be 0%. Why? Because 100% of the taxes paid from corporations comes from end CONSUMERS. YOU ! You pay corporate taxes ! Corporations aren’t tax payers, they are tax COLLECTORS. It’s absolutely Machiavellian how Democrats have trained people to demand higher taxes on themselves.
jmzsil (2 months ago)
“Bootleg Geraldo.” 😂😂😂
doggos (2 months ago)
5:47
BIll Geo (2 months ago)
Did that tax bill actually happened like that in the end?
Jennaveve St. Claire (2 months ago)
PIRATE. Omg. I died 😂😂😂😂😂😂😂😂😂
Glasses&Mouthplates (2 months ago)
Yep, who knew electing a controversial businessman as a president would create laws and loopholes that would benefit more on mega sized companies.
rgderen88 (2 months ago)
Liked at 0:58 because of Cardi B
Ash Graff (2 months ago)
We should make a pettition to take away the N-word passes from hispanics.
David Lariscy (2 months ago)
Card I B is a fucking dumb bitch!
Eduard Gherasim (2 months ago)
Funny saying "it was the Jews" because the Democrats have elected some Muslim senators that declared their hate for the Jews.
Brain McManus (2 months ago)
You are all mere A.I. with a with a paycheck to the DijiCos. Perhaps you merit their disdain.
What Do You Say (2 months ago)
Is there no limit to what this orange tool can get away with?!
Bazz Bro (2 months ago)
Tehre is nothing more unamerican than unregulated capitalism, it just creates traitors who siphon the wealth of the nation
C S (2 months ago)
gross..stop making cardi b famous
K1nshiro (2 months ago)
haha hitler bucks, ya swiss fucks, as i swiss person, im honored by this joke. could buy a lot of v buck w that hhaha.
Jerry Blanton (2 months ago)
First time in 10 years I couldn't claim my food cell phone medicine anything work related out here as a truck driver and I owe 1972 to the Federal government so Trump's tax is a sham
Mathias Gran (2 months ago)
Was just relaxing looking at my phone when someone screamed BORDER WALL and HAPPY EASTER. Made me jump xD
Akash Rajkishore (2 months ago)
Why should they even pay taxes on foreign profits?
African queen (2 months ago)
2019...tomorrow is arbor day
Junior Anderson (2 months ago)
As a company truck driver I got screwed with the new tax reform. That benefits applied to Owner Operator. So that translates to about $18,000 that I can no longer deduct every year. I do not like that. Many criticize big company for using the tax laws in their favor. Nobody wants to give their hard earned money to the government just because they say we have too. That's why many of us will learn about all the deductions that we can possibly take come tax season. We want our hard earned money in our pockets!
The Uncle (2 months ago)
Last week tonight is like a good downer. I just get depressed consuming it, but I'm fucking addicted. Send halp.
mike west (2 months ago)
The moment Cardi B became a libertarian.
Xellos Kaczor (2 months ago)
Reality is, majority of people are only mad that corporations dont pay taxes because they cant do the same. Nobody really gives a fuck about the country itself. And to be fair, trump telling bunch of rich people they got richer, it doesnt mean he decieved anyone. he is a sellsman, not a politican. he might have been pitching them idea to actually make more jobs, because they got richer, or maybe he was trying to get a chair on the high council of illuminati (and for the record both are about as likely) but media just reported convenient part, because i believe thats the kind of dishonest fucked up shit every single media outlet out there regarless of it's leaning would do. God i miss Jon...
cardsfanbj (2 months ago)
Except you missed the most important point: taxation is theft
Canadian Aussie (3 months ago)
Paying for welfare
Cara Crabtree (3 months ago)
I can't understand why if profits are billions of dollars why you'd need to avoid paying. Why wouldn't they want to give back to the people who make it possible for them to exist or how they got there in the first place. Whereas people who are struggling to survive have no out, or the ones whom do pay, which probably funded how they got there companies in some cases (taxes going to fed start up funds, etc), and the people that buy there goods and services.
EnigmaDrath (3 months ago)
"The government is taking 40% of my taxes!" ... who's taking the rest? >_>
Kris Carlson (1 month ago)
bitch you know what she meant. 40% of her income. you're so dumb if you cant see through a simple mistake.
Intel LTR45 (3 months ago)
I am so glad that Liberal clowns are mad. Good. Be mad. Instist on lower taxes.
Andrew Phillips (3 months ago)
John Oliver home country does not tax companies that bring money home from overseas, only North Korea and Unite States do. Corporations do not pay taxes Consumers do, for its built in the price of an item, no company ever has paid a dime in taxes. Plans that avoid taxes are wrong, not bringing home profits that have been taxed already is not. There is a difference. If companies do use a tax holiday to just buy back their stock and pay dividends, half of the benefits goes directly to the middle class, the pipe fitters, truck drivers, the good working men, for if you have a pension or a 401k guess what, something that increase the price of commonly held stocks is good for you in the future.
Student Chao Ren (3 months ago)
Yes, Trump did tax cuts for those inside the U.S. and he closed one very popular loophole for those U.S. companies outside the U.S. It sucks for those rich Americans who have money parked overseas in their own personal corporations. It was possible to get 0% tax before but now that’s all but closed. He helped the Leftists on this one and they don’t even realize it. Even this video doesn’t fully understand it. Trump really knows the loopholes so it was easy for him to close it.
Blaine Tanner (3 months ago)
Cardi b sucks
Eduardo Torres (3 months ago)
im literally half way through the video when i realized that its actually April 15 today. I just looked up lastweektonight and clicked a random one
Zachary Allen (3 months ago)
I wonder what Cardi B did with the money she stolen from the men she drugged...
sonia achieng (3 months ago)
Is he married? I think i am in love
Michael Laverty (3 months ago)
Before I die Maybe God will let me bump into just one of these Mega wealthy Liar's these bullshit story teller's who can't tell the truth if there pants were on fire .. I wanna reach out with my vise grip hands and crush the Adams apple .. NO more lie's just lot's of funny squeaking sounds ...
İntihar İpi (3 months ago)
Income Taxes, Pigovian Taxes are great but Corporate Taxes are unneccesary af. https://www.google.com/amp/s/www.washingtonpost.com/amphtml/blogs/post-partisan/wp/2018/07/31/heres-a-good-corporate-tax-rate-zero/
Lee DeCoske (3 months ago)
Pirate... arrrrr... me matey!
Arslan Khalid (3 months ago)
Awesome
Zizi Roberts (3 months ago)
John Stossel. Pirate Heaven. LMAO.
big_deal big_deal (3 months ago)
*laughs in Canadian**cries in middle class*
Hyper Sonic (3 months ago)
1% own over 40% of the wealth, therefore we need to give the rich a huge tax break. Flawless Republican logic...
Eleanor Fudge (3 months ago)
I dunno, I think John Stossel could have done worse - for example, "well it sounds like they're robbing America blind".
Caleb Berney (3 months ago)
*it was the jeeewwwwws* cracked me up too much
Oh no not cardi
John J (3 months ago)
I feel bad for uninformed people watching this show, it's like hey the world is terrible and your surrounded by assholes.
Yngve Andersen (3 months ago)
RULES are SOCIALISM.
thorandil1 (3 months ago)
CardiB... Hmm...
perakole (3 months ago)
11:13 Poor badger. ☹️
perakole (3 months ago)
@The Aroused Eunuch 😒
The Aroused Eunuch (3 months ago)
The picture was photoshopped. :)
alrightalright alright (3 months ago)
Blame Trump when that shit been goin on for decades

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