Corporate inversions

[Votto]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

 

[shockedcanadian]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

Yes.

21% as long as loopholes are minimized is a fair tax rate. Citizens everywhere pay more than enough to ensure the infrastructure and benefits of a society but misuse, corruption and corporate gifts to those who don't need it have destroyed these benefits.

We need responsible management of resources not the extraction of more resources. I also believe in charity and those with means must indulge in charity and help others. G-d demands it.

 

[JackOfNoTrades]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

Trump's tax cut allowed corps to bring their billions home to buy back their stock. Time to stop romanticizing it. As it is one of the big reasons the deficit and debt have ballooned.

And let's just dispense with the whole trickle down effect of a lower corporate tax rate. That myth has been dispelled. And if you believe corps actually pay 22%..I've got a bridge for sale for you.

How Large Corporations Avoid Paying Taxes

The U.S. corporate tax rate stands at 21% but many big companies pay little or nothing. Here's how they get away with it.

www.investopedia.com

 

[Moonglow]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

55 Corporations Paid $0 in Federal Taxes on 2020 Profits​

itep.org
https://itep.org › 55-profitable-corporations-zero-corpora...




Apr 2, 2021 — At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying ...

 

[Moonglow]

How much of a free ride do they need to make it in the USA?