tj444 -> RE: Damn Welfare Queens! (4/14/2016 6:43:41 PM)
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ORIGINAL: Phydeaux quote:
ORIGINAL: Lucylastic oh fucking waaaaah Im sorry, of course they should be allowed to get away with economic vampirism, corruption, and utter disregard for the planet and its inhabitants. Only them and theirs[8|]god forbid we should be angry at the right people. For Once. Companies make money overseas. Only the United States insist on double taxing corporations - they pay taxes on moneys they make overseas, and they pay us taxes when they repatriate it to the US. Repatriating that money costs them a nominal 35%. No business in its sane mind will repatriate that money. Instead, they will do what they are doing, which use the money overseas. Apple, Google, Microsoft are not 'republican' companies - they routinely donate more than 3:1 to democrats. If you can't get a democrat leaning company to repatriate its funds during a democrat administration - you have to conceed that the tax policy is REALLY screwed up. The average company in the US is earning around 9.6% EBIDA. Rounding up, that means it invests $10 dollars to make $1. The goverment wants them to pay one third of that money. In other words, you invest $10 to make 65 cents. So at the end of the day, you shrill company bashing leftists can try, like socialists always do, to confiscate other peoples money. But at some point people say - I'm not willing to work to create money for *you*. In other words, they refuse to repatriate money. They perform corporate inversions. You want them to bring the money into the US - make it worthwhile for them to do so. yah but the US govt has had this worldwide taxation on the books since way back around the time it became a country.. and its not just on US based corporations, its on American/green card expats too.. at least the US corps can avoid paying US tax simply by not bringing the profits into the US, real people Americans/green card holders dont get that break, they get taxed on their income no matter where the money is given to them or kept, it doesnt have to enter the US for them to pay tax on it... and Americans that have never even been to the US have to as well, some of them dont even know they are American and required to do that (eg- people that had an American parent).. But lets just for a moment take the US tax stuff out of the picture.. What is the greedy US multinational corps excuse for dodging taxes in other countries??? these US corps that have divisions in other countries like the UK pull tax dodge crap there too!!! they do the double dutch or various other ways of paying little tax in the UK.. There was a little welsh town that decided to do something about it, they did the same thing and set up local businesses that signed up as part of an offshore corp and encouraging other towns/cities to join them.. basically, if the large corps can do it so can they.. There is a BBC documentary about how they did this "The Town that Took on the Taxman". The purpose was to force the govt into changing the laws allowing this and I have heard of a couple of those large US corps being shamed into voluntarily paying their fair share of UK tax.. people are also boycotting the sleazy tax dodging corps as well.. I know for me, we boycotted Kraft when i was a kid, when i see the kraft name i am forever reminded of that.. my latest boycott is of any seed corps owned by evil Monsanto... I dont buy kashi products anymore either, will never buy burts bees.. all cuz they were bought by some big corp and a bean counter decided to cheapen the products.. http://www.thisismoney.co.uk/money/news/article-3408080/Crickhowell-Welsh-town-taking-Google-Amazon-Starbucks-takes-business-taxes-offshore.html "Google, Amazon, Starbucks: The rise of 'tax shaming'" http://www.bbc.com/news/magazine-20560359
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