Posted on 07/20/2014 12:13:31 PM PDT by Cringing Negativism Network
OK I just watched the Fox News "The Journal Editorial Report".
I found the show very enlightening. For the most part.
However now there's a segment busy defending America companies moving overseas, for tax avoidance.
This is a big problem. The GOP needs to buck it up, and say "enough".
America needs jobs. Jobs. Jobs.
I’m just saying.
Last year America bought 440 billion from China.
Last year China bought 122 billion from America.
That happens, every single year.
I wasn’t aware businesses were supposed to be charities. Businesses profit, people get jobs and profit.
You can’t shame them. Perhaps you could shame Obama into real change.
Not
Overseas the ticks are smaller. Here in the USA they will suck 50% out of a productive individual.
I’m just saying.
America seems to have suffered a (major) disconnect with it’s own businesses.
We either need to rebuild that, or something else will give.
Just one generation ago, America was way way on top. The thing which has changed, is that our businesses are increasingly going elsewhere.
Including the business benefits, of those businesses.
I myself, think it is time for them to come home.
That is all I am saying.
They will come home if we lose Obama and get better policies in place.
Until then, it is what it is.
Companies will come back when it is in their best interest. Right now it would be like committing suicide. It is the government regulations and taxes causing companies to leave. Until Zer0 builds a Berlin wall around the USA companies will continue to leave.
Tax avoidance IS a virtue. American Revolution and all that. If a company moves offshore or buys into another company in another country, I celebrate. It means they are run with Common Sense and won’t put up with the Marxist bs. I’m all for it.
It does eliminate all withholding taxes. I think that’s as close as we’re going to get. IMO, its the only long term fix for the economy. No corporate or capital gains tax. Off shore and foreign investments would all come home. Illegals couldn’t pay the sales tax because they wouldn’t qualify for the prebate.
Perhaps you are better off asking Congress why our tax rates are so high.
“I think jobs are what is most important. We need to support American jobs.”
Taxing companies at the highest rate in the world is not a recipe for jobs.
How many companies will create jobs in America - whether American companies or foreign companies - when their investment is taxed at far higher rates than anywhere else in the world?
Companies leaving refusing to expand, or moving their base of operations off shore are doing a profoundly American thing - depriving our government of tax money.
The US government can print all the money it wants to (and it does quite a bit of that). Do you think that the reason it doesn’t print even more is because it hates America?
What I think you missed was the reason for US corporations moving overseas: HIGH US TAXES on corporations — 35%
Reduce the tax rate and the corporations will stay here; bring their overseas dollars back to the US and build plants here and employ Americans. It is bh0’s high taxes that are driving them out of the US, just like California’s high taxes are driving companies out of it to places like Texas.
Why do I care of the company I work for is headquartered in Delaware or Switzerland? It doesn't mean anything with regard to jobs.
Yes it does. It means less taxes collected and the government will make that up by raising taxes elsewhere and that will harm jobs.
Yes! Higher taxes and more Obamacare will bring back jobs.
Assclown!
+2
“Yes it does. It means less taxes collected and the government will make that up by raising taxes elsewhere and that will harm jobs.”
You are probably beyond help. Yes, all government spending is holy and sacrosanct. All economics is static. The pie is fixed, and if someone eats your piece, no pie for you. hooey!
Our government is the problem, not business that moves it’s headquarters overseas.
You could read the article and find that it’s US operations are unaffected, but it’s foreign profits get to remain taxed at the lower overseas rate.
He’s a concern troll.
I didn’t say any of that. The statists and leftists who run the government are not going to change just because a company becomes a foreign corporation. That was my point.
And yes, I will look for a company that doesn’t move its HQ offshore if there are choices.
Nope. That Swiss company will still pay the US taxes on American profits.
What they won't do is pay US taxes on Swiss profits earned in Switzerland. Which means they could bring those profits to the US to expand here. Of course, if our taxes and regulations weren't so f'in idiotic, there would be no need to move their headquarters or hold their money overseas in the first place.
“The statists and leftists who run the government are not going to change just because a company becomes a foreign corporation.”
Fair point - but it is also fair to extrapolate to the point where so many companies do it that actual revenue is significantly impacted and the leftists don’t have as much money with which to undermine you.
“And yes, I will look for a company that doesn’t move its HQ offshore if there are choices.”
Given two identical products, one with a foreign parent company, the other a US parent company, the US product, if it is equivalent will be higher priced.
It has to be that way.
The question is: Is it worth it to pay more for a product to feed the government beast?
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