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Obama seeks tax changes for U.S. firms overseas (No more deducting overseas operations expenses)
Reuters ^
| 5/4/2009
| Kim Dixon and Caren Bohan
Posted on 05/04/2009 5:24:34 AM PDT by SeekAndFind
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To: SeekAndFind
How would this affect B.O.’s sugar daddy Soros?
2
posted on
05/04/2009 5:25:44 AM PDT
by
KeyLargo
To: SeekAndFind
You watch how many US corporations relocate their headquarters to the Cayman Islands to avoid this one.
3
posted on
05/04/2009 5:26:52 AM PDT
by
Jagman
To: SeekAndFind
So how much of this baloney is needed before Obama becomes persona non grata even among big moneyed Democrats?
4
posted on
05/04/2009 5:28:50 AM PDT
by
HiTech RedNeck
(Beat a better path, and the world will build a mousetrap at your door.)
To: SeekAndFind
I sure hope that part of the business community that supported Obama is happy with this. In looking at the list of companies that opposes this tax, such as Microsoft, my only response is-you wanted this guy and Obama made it clear he was going to change the tax laws regarding international operations.
To: KeyLargo
I am worried about American innovators and employers not Soros who is hedged for this. This is a disaster for US based MNC’c.....so they will become Dubai or China based....wait and watch the Gov slit their/our wrists and bleed the survivors dry through some other ill advised scheme to raise money for dinner in Chicago.
6
posted on
05/04/2009 5:29:15 AM PDT
by
colonialhk
(Harry and Nancy are our best moron allies)
To: Jagman
Yep... they just cease being US corporations. Way to go, Obummer.
7
posted on
05/04/2009 5:29:32 AM PDT
by
HiTech RedNeck
(Beat a better path, and the world will build a mousetrap at your door.)
To: Maine Mariner
Yes — they would have been financially much better off with McCain.
8
posted on
05/04/2009 5:30:41 AM PDT
by
HiTech RedNeck
(Beat a better path, and the world will build a mousetrap at your door.)
To: SeekAndFind
What will this do to the stock market?
To: HiTech RedNeck
Many of the big money Democrats are trust funders and this law may have little impact on their wealth and income.
To: SeekAndFind
...as part of a broader package aimed at saving $210 billion over 10 years. It is a damn tax increase on US companies and the socialists call it a SAVING. They cannot stop lying, can they?
11
posted on
05/04/2009 5:31:03 AM PDT
by
jveritas
(God Bless our brave troops)
To: SeekAndFind
Oh Yeah...this will work. New regulations that will push the companies to move EVERYTHING to the most tax advantaged regions that can support their operations. I’d bet they’ll take the jobs with them...ya think?
Good job, 0bama. You charlatan gasbag.
It’s time to take back the country.
12
posted on
05/04/2009 5:32:25 AM PDT
by
PubliusMM
(RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
To: Notasoccermom
13
posted on
05/04/2009 5:32:36 AM PDT
by
HiTech RedNeck
(Beat a better path, and the world will build a mousetrap at your door.)
To: PubliusMM
Well, I expect the lobbying on Congress to be faster and more furious than ever before. Congress may fold.
14
posted on
05/04/2009 5:33:46 AM PDT
by
HiTech RedNeck
(Beat a better path, and the world will build a mousetrap at your door.)
To: Notasoccermom
Probably the stock markets will go up. The worse the economic news the more the limousine liberals who control Wall Street will push the markets up in fake rallies to convince the public that Obama socialism is working great where in reality it is destroying our economy. Haven't you noticed the trend of bad economic news = up market in the last 7 weeks?
15
posted on
05/04/2009 5:34:38 AM PDT
by
jveritas
(God Bless our brave troops)
To: SeekAndFind
Obama doesn’t seem to understand that the multinationals owe alliegence to no country. If the rules get too onerous, they will just move their headquarters elsewhere.
16
posted on
05/04/2009 5:49:24 AM PDT
by
kabar
To: SeekAndFind
I admit to being an ignoramus as far as business is concerned. But I wonder why anyone would put their capital into growing a business if the rules could be arbitrarily changed over night? It would seem that the only way you could be assured of making money would be to over charge for your products from the get go so that you could be assured of making some profit before the government gets wind of your nefarious actions and guilts, or taxes you out of business. Better to sit back and wait for government handouts.
17
posted on
05/04/2009 5:50:37 AM PDT
by
stayathomemom
(Beware of cat attacks while typing!)
To: kabar
Corporations don’t pay taxes. People do.
To: jveritas
The stock market is up because companies are becoming leaner and more profitable.
19
posted on
05/04/2009 5:51:42 AM PDT
by
kabar
To: Jagman
Yep. The dems should have seen this coming. It looks like some of the pharmaceutica companies are on this list. So - obama’s idea is to drive up health costs even more, apparently.
20
posted on
05/04/2009 5:53:17 AM PDT
by
ElayneJ
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