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To: Willie Green
"I hope it has some real teeth to it. Odds are good that many of these scams are also involved in laundering of illegal drug money."

Willie, Stanley Works, et al, aren't involved in laundering illegal drug money. What they are actually doing is avoiding having to pay US corporate taxes on income that was earned overseas -- and already taxed there.

The US is one of the few countries that indulges in the taxation of profits earned in foreign countries. And that is clearly a very good reason to move the corporate headquarters overseas -- to a PO Box in Bermuda.

There are no jobs being transferred overseas by corporations doing this, Willie. But there will be jobs lost in the US if the IRS continues to tax profits already taxed in foreign countries.

The very best solution to the entire contretemps is to eliminate the corporate taxation altogether!

31 posted on 07/31/2002 9:40:55 PM PDT by okie01
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To: okie01; *Taxreform
You said it, and it bears repeating: "The very best solution to the entire contretemps is to eliminate the corporate taxation altogether!

That is a good start, okie01, but doesn't go far enough: The US Tax code needs to be scrapped altogether, and a new one written.

The new US Tax Code should encourage, not punish, work, savings and investment in America, and should eliminate, totally, any smidgen of the class warfare, greed, and envy politics that infests the current code.

Instead of trying to devise artificial ways to punish companies and individuals seeking to maximize their profits and earnings, the Congress should write a simple, fair and easy to administer tax code that encourages and rewards those who want to work, save and invest.

From 1787 until 1913, we had such a code. And the country prospered. Since 1913, the US has had a progressive income tax, and the only segment of the country that has really prospered since then is the government, and those who have friends in high places.

Ayn Rand's prediction that the looters, and their friends, those who have the "power of pull," would take control of the country was very prescient.

We can do something about it -- i.e., run their slimy asses out of power, but it is almost too late.

If you'd like more information about a FReedom based solution which encourages and rewards economic growth and treats all of us with equality under the law, check this link and this link.

“I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man.” [Thomas Jefferson, letter to Benjamin Rush, 1800.]

Scrap the Code! Scrap the IRS! Abolish the VLWC!

We will never be a truly FRee people so long as we have the income tax and the IRS.

Click here to help us scrap the Code, scrap the IRS and abolish the VLWC!

You can also click here to find out how to help us replace the income tax with a National Retail Sales Tax and abolish the IRS!

We will never be a truly FRee people so long as we have the income tax and the IRS.

36 posted on 07/31/2002 10:41:45 PM PDT by Taxman
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To: okie01
The very best solution to the entire contretemps is to eliminate the corporate taxation altogether!

I agree. Even proposed a way to do it over two years ago: A Proposal to Abolish the Corporate Income Tax

Trouble is, the globalist NRST flying monkeys don't like tariffs. They prefer smothering American consumers with a whopping 30% sales tax.

41 posted on 08/01/2002 7:11:50 AM PDT by Willie Green
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