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(Exempt) Obama: Offshore 'tax inversions' are unpatriotic
MSN ^ | 7/26/14

Posted on 07/26/2014 9:55:40 AM PDT by Libloather

Edited on 07/26/2014 9:57:18 AM PDT by Admin Moderator. [history]

WASHINGTON (AP) President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.

Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.


(Excerpt) Read more at news.msn.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: exempt; obama; taxes; unpatriotic
How would the Kenyan know? (To think - Bill Ayers is still Hussein's best friend.)
1 posted on 07/26/2014 9:55:40 AM PDT by Libloather
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To: Libloather

Obama wouldn’t know patriotic unless it bit him in the ass, which I hope it soon does.


2 posted on 07/26/2014 9:59:44 AM PDT by Pearls Before Swine
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To: Libloather

Hey Obama, the companies didn’t make the rules.

If you want them back, make it in their best interest to come back. And I’m taking about a carrot not a stick.


3 posted on 07/26/2014 9:59:59 AM PDT by super7man (Oh why did I post that, now I'll never be able to run for Congress.)
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To: Libloather

Look up all the companies that support Obama. Most of the leftists grab at tax advantages when they can.

G.E. (owns CNBC) paid zero taxes.


4 posted on 07/26/2014 10:00:32 AM PDT by TigerClaws
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To: Libloather

Wasn’t it Ted Kennedy that started this legislation to protect his boot legging based trust fund.


5 posted on 07/26/2014 10:02:24 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: Libloather

Hmmm...stealing from taxpayers (most of which have stocks in their 401K’s with crippling, world’s-highest corporate tax rates), a high capital gains tax, forcing people to stay in your country (Berlin Wall, Soviet exit visas), and preventing re-investment in the US seems even more unpatriotic.


6 posted on 07/26/2014 10:03:14 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Libloather

In before the ‘bring jobs back. Just saaayyyin’.’


7 posted on 07/26/2014 10:06:52 AM PDT by deadrock (I am someone else.)
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To: Libloather

I guess the next step is for me to be all up in arms about the corporations not ‘paying their fair share’ so that I’ll forget all about that other unpatriotic issue of the open southern border.


8 posted on 07/26/2014 10:07:38 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Libloather

Rather than motor mouth, Obama should have his people research the loopholes he doesn’t like, and find out who wrote the legislation, who voted for it, and who signed it into law. THEN go on the attack!


9 posted on 07/26/2014 10:08:19 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Libloather

So many problems to fix, so little time.

I guess the taxpayers are going to have to buy King Barry a new refill for his pen.


10 posted on 07/26/2014 10:09:49 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Libloather
Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.

Straight out of Atlas Shrugged. Wesley Mouch and his ilk would be so very proud.

11 posted on 07/26/2014 10:11:16 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Libloather
Obie may know how to use a pen and a phone.... buts he still hasnt quite mastered using his HEAD.

since when were companies CITIZENS who could renounce citizenship???




12 posted on 07/26/2014 10:12:43 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill ...)
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To: Enterprise

What many fail to realize is that most of these companies have been calling themselves “multinationals” for years. They have expanded so much overseas that some have greater sales outside the US and larger profits overseas than the US. If you make 60% of your profit overseas...then you are better off being organized as a non-US company. Just the facts of life that the management and shareholders can’t ignore. Either the US changes their tax laws to be competitive, or they institute currency and capital controls that will just further make us into a Banana Republic...locking companies in and out of the country.
We are getting close now.


13 posted on 07/26/2014 10:13:38 AM PDT by Oldexpat
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To: Libloather; GeronL

He called President Boosh unpatriotic for increasing the debt by trillions.

He’s since admitted that he didn’t really give a sh!t and that it was pure partisan politics.

Obama lies like a Stalinist.

Worst example in his I HAVE A TAX speech is that he blames our declining military on these “unpatriotic” ‘tax cheats’. He’s decimated our military by willful design.

I loathe red diaper doper babies.


14 posted on 07/26/2014 10:18:52 AM PDT by a fool in paradise (Elian Gonzalez sought asylum and was sent back to Cuba, send these kids back to THEIR parents.)
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To: super7man

Next DNC talking point, companies that flee California to move to Texas are “unpatriotic”....


15 posted on 07/26/2014 10:19:27 AM PDT by a fool in paradise (Elian Gonzalez sought asylum and was sent back to Cuba, send these kids back to THEIR parents.)
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To: Libloather

Then lower the taxes, idiot.


16 posted on 07/26/2014 10:20:30 AM PDT by Fast Moving Angel (It is no more than a dream remembered, a Civilization gone with the wind.)
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To: Libloather

All the anti-business regulations spewing forth from the sitting president’s pen; all the anti-business rhetoric coming from any Democrat; all the regulations being sprung by the EPA; all of which are anti-American, and why?

The business of America has always been, before this decrepid Queer-In-Charge usurper, WAS BUSINESS, , and the making of money, which is why a lot of folks came here!


17 posted on 07/26/2014 10:20:37 AM PDT by Terry L Smith
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To: Libloather
He says companies are essentially renouncing their citizenship to avoid paying their fair share.

Notice how totalitarians always invoke "fair" when they are attempting to steal something? Fair only applies to sporting events. What applies here is law. And no entity is obligated to manage its affairs for the benefit of the government.

And by the way, what would Illegal Alien Obama know about the obligations of citizenship?!

18 posted on 07/26/2014 10:21:29 AM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: Libloather

if you want companies to come back, along with their capital and jobs while shoring up the banks, then remove ALL corporate taxes on funds left in the banks at the end of the year. if they pushed money to distribution, wages, or bonuses, then it would be taxed at that time. until then, it would sit in the bank or markets gathering interest and helping the economy.


19 posted on 07/26/2014 10:23:57 AM PDT by sten (fighting tyranny never goes out of style)
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To: Libloather
It's not even that. Nobody who makes anything can compete against cheap Asian labor. If you run a business making things, offshore to china, or your business will be doomed from the get-go. Your customers will demand it, your shareholders will demand it, and the banks you finance your operation through will demand it. That's how it works, understand? If you reduced corporate taxes to ZERO, those listed above would still demand that you offshore your operation, for the simple fact that you cannot compete against cheap foreign labor, period. As long as someone else in the world is willing to do YOUR job, for a fraction of your pay, you are considered expendable, and will be discarded for cheaper labor, period. That's how business works, so get used to it.
20 posted on 07/26/2014 10:24:03 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Libloather

What is the supposed connection between paying taxes and patriotism?

Can’t think of any.


21 posted on 07/26/2014 10:24:58 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: a fool in paradise

Agree with that, 100%


22 posted on 07/26/2014 10:40:17 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Libloather

Yes, it is.

Obama knows it, however.

New world order (his masters) make sure that the elites and the businesses they control evade most taxes.

All the while the same businesses actually get paid by government as vendors, or by government payouts of one kind or another (healthcare is a good example; it is basically new world order’s industry, and it rings up a large chunk of government budgets in the US as Sales).

Obama’s statement has 2 main objectives:

1) keep peddling the lie to the rank-and-file of the left that the left is “against” financial elites (when, in fact, the left is one of the key tools of the financial elites)

2) lure the low-info conservative rank-and-file into actually supporting... get this... allowing new world order elites to KEEP EVADING TAXES. All the while the same conservative rank-and-file pays the bulk of taxes, since they don’t “get” that taxes are for new world order’s “little people” (the working conservative rank-and-file).

The second point is a little tricky to follow how it actually works.

The elites set up tax-exempt foundations to a far greater extent than the working sheeple realize. The key to understanding, though, is that the working sheeple do not realize that the whole tax-exempt scheme has absolutely nothing altruistic about it. Nothing at all. The scheme is simple: dollars that would otherwise be paid to government as taxes - instead get paid to foundations which carry on the work of the elites as THEY SEE FIT. Typically this directly is linked to expanding their own fortunes; for the top elites, though, which operate monopolies, they’ve gone beyond simple “business expansion” and also included shaping of government policy for whole nations which not only helps their businesses directly, but contributes towards advancing the global interests of new world order, in establishing new world order complete control over things like education, medicine, etc.

The conservative working, taxpaying, sheeple rant and rave about allowing all business “free enterprise” to have legal and taxwise carte blanche, not realizing they are supporting the very enemy that is enslaving them more and more each day.

The working sheeple have no idea of the extent of just how much they are despised by the top elites of capitalism, who view them as their own slaves.

The top elites actually see the non-working slaves as not as stupid as the working slaves.

The ONLY people the top elites have any respect for at all is those who are independently wealthy, do not have to work, and who actually operate their own businesses which means that much of their capital is NOT under the management of the elites.

The elites don’t like those people, who they see as breaking free of the elites’ slavery program, but they respect them as not being so moronic as to be enslaved and not even be aware of it.


23 posted on 07/26/2014 10:49:01 AM PDT by PieterCasparzen (We have to fix things ourselves)
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To: factoryrat

The very source of America’s war for Independence stemmed from taxes..and hatred for it. Regardless you made relevant points as the core of business is the preservation of it, and workers are just tools and expenses. Only company owners know the reality of this world and those who bitch about it are just plain ole’ fools. It is what it is.


24 posted on 07/26/2014 10:51:02 AM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: Oldexpat

I think there is little doubt which decision our Banana Republic leaders will make.


25 posted on 07/26/2014 10:53:39 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Libloather
A smart person would be asking themselves ""why is it now cheaper for corporation to incorporate in Socialist economies then it is for them to incorporate in my supposedly "free market" economy.

Dumbest President ever.

26 posted on 07/26/2014 11:01:27 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: super7man
If you want them back, make it in their best interest to come back.

Yup. Deny them military protection and contract enforcement, seeing that they are relying upon the rest of us to foot that bill.

And I’m taking about a carrot not a stick.

Of course you are. After all, limited liability and biological immortality are not enough.

27 posted on 07/26/2014 11:04:41 AM PDT by Carry_Okie (Islam offers us three choices: Defeat them utterly, die, or surrender to a life of slavery.)
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To: PieterCasparzen
2) lure the low-info conservative rank-and-file into actually supporting... get this... allowing new world order elites to KEEP EVADING TAXES

While that is plausible, the simpler explanation is that the elite control Congress by paying them for the various non-evasive loopholes that subtract from the 40% top rate. The #1 way the elites stay in power is the control of the US Congress. Evasion is not the central issue, it is control of loopholes.

What does ring true in your statements is that since the lowest tax rate even on a couple dollars of income is 30% plus state corp income tax plus fed. personal income tax plus state personal income tax, it is really true that taxes as a whole are aimed at the little people (e.g. small businessmen) and not at the elite.

28 posted on 07/26/2014 11:06:42 AM PDT by palmer (This comment is not approved or cleared by FDA)
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To: palmer

The highest corporate taxes on Earth, nay, in the known universe are INHUMANE


29 posted on 07/26/2014 11:08:51 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Libloather

Open borders are unpatriotic.


30 posted on 07/26/2014 11:48:41 AM PDT by E. Pluribus Unum ("The man who damns money obtained it dishonorably; the man who respects it earned it." --Ayn Rand)
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To: Libloather

That’s his public statement.
But beware what he’s doing in secret: telling the federal agencies to harass any company that is doing or has done an ‘inversion.’


31 posted on 07/26/2014 11:51:17 AM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: Oldexpat

Obama will never lower the corp tax rate.


32 posted on 07/26/2014 12:13:17 PM PDT by virgil (The evil that men do lives after them)
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To: Libloather

Didn’t he say bush was unpatriotic for his defecit spending, then Obama came in and spent more that all presidents combined before him.

So where did hypocrite turdbama get the idea that he decides who is patriotic and who isn’t?


33 posted on 07/26/2014 12:18:59 PM PDT by Cubs Fan (false claims of racism--the first refuge of a liberal scoundrel)
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To: Cubs Fan

34 posted on 07/26/2014 3:44:39 PM PDT by 4Liberty (Obama is O'Bryan. http://www.youtube.com/watch?v=aUoPNpa9Rrw)
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To: Libloather

Making electric rates “Skyrocket” is unpatriotic


35 posted on 07/26/2014 3:49:38 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Libloather

And in Nazi Germany, opposing the treatment of Jews was unpatriotic, so stick it up your @$$ and rotate.


36 posted on 07/27/2014 6:22:35 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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