LoneLaugher
Diamond Member
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Get rid of the dumb tax and the money will be spent at home. More people with money to invest means more jobs, more jobs a stronger economy... Or you can keep pretending prohibition on susses will work. As long as it costs a certain amount less to avoid the tax, people/corps will avoid... Thus not only a 100% loss but the loss of what it didn't create.
The more we shift towards progressive policies then worse off we seem to be... Odd, I never see bills pass that shrink Government, not even under Obama and Dems despite them being clear that was the plan.
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
This has bitching to do with worldwide earnings.
Our corporate rates are not ACTUALLY the highest in the world.
Broken record number 2.
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
This has bitching to do with worldwide earnings.
Our corporate rates are not ACTUALLY the highest in the world.
Broken record number 2.
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
This has bitching to do with worldwide earnings.
Our corporate rates are not ACTUALLY the highest in the world.
Broken record number 2.
This has bitching to do with worldwide earnings.
It has everything to do with worldwide earnings.
Why do you think they do it?
Our corporate rates are not ACTUALLY the highest in the world.
Who has a higher rate?
This has bitching to do with worldwide earnings.
Our corporate rates are not ACTUALLY the highest in the world.
Broken record number 2.
This has bitching to do with worldwide earnings.
It has everything to do with worldwide earnings.
Why do you think they do it?
Our corporate rates are not ACTUALLY the highest in the world.
Who has a higher rate?
The earnings that these companies are avoiding taxes on are US earnings. They are moving their HQ's abroad to avoid taxes.
Our rates are high...until you factor in all the ways that companies can reduce them.
Broken record.
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
This has bitching to do with worldwide earnings.
Our corporate rates are not ACTUALLY the highest in the world.
Broken record number 2.
This has bitching to do with worldwide earnings.
It has everything to do with worldwide earnings.
Why do you think they do it?
Our corporate rates are not ACTUALLY the highest in the world.
Who has a higher rate?
The earnings that these companies are avoiding taxes on are US earnings. They are moving their HQ's abroad to avoid taxes.
Our rates are high...until you factor in all the ways that companies can reduce them.
Broken record.
Should we allow corporate inversion?
The Tax-Shopping Backstory of the Medtronic-Covidien Inversion - Forbes
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
The effective corporate tax in the US is 12.6% which places us number 16 in the world. How much lower should we go?
GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
Get rid of the dumb tax and the money will be spent at home. More people with money to invest means more jobs, more jobs a stronger economy... Or you can keep pretending prohibition on susses will work. As long as it costs a certain amount less to avoid the tax, people/corps will avoid... Thus not only a 100% loss but the loss of what it didn't create.
The more we shift towards progressive policies then worse off we seem to be... Odd, I never see bills pass that shrink Government, not even under Obama and Dems despite them being clear that was the plan.
Stop taxing corporations on their world-wide earnings.
Reduce our highest in the world corporate rates.
The effective corporate tax in the US is 12.6% which places us number 16 in the world. How much lower should we go?
GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
How much lower should we go?
Well, we could drop the rate to 15% and remove a bunch of stupid loopholes.
But that would reduce government power, the Dems will never allow it.
This has bitching to do with worldwide earnings.
It has everything to do with worldwide earnings.
Why do you think they do it?
Our corporate rates are not ACTUALLY the highest in the world.
Who has a higher rate?
The earnings that these companies are avoiding taxes on are US earnings. They are moving their HQ's abroad to avoid taxes.
Our rates are high...until you factor in all the ways that companies can reduce them.
Broken record.
By now, the problem is well-known. Medtronic owes no U.S. tax on profits earned overseas as long as the earnings stay overseas. But it would owe as much as 35 percent U.S. corporate income tax on any money it brings back to the U.S. Thus, it is cheaper to borrow (especially at todays low interest rates) than to pay the repatriation tax. By contrast, as an Irish firm, it could pay dividends without owing any U.S. corporate tax.
See, Medtronic pays US taxes on US earnings and European taxes (for example) on European earnings. Whether the HQ is in the US, Ireland or Hong Kong.
Because their HQ is in the US, they'll owe extra taxes if they bring those (already taxed by Europe) European earnings home to the US.
If they move HQ to Ireland, no double taxation. They can now pay US shareholders those European earnings without the US taking 35%, first.
Broken record.
Yes, your ignorance is getting repetitive.
The earnings that these companies are avoiding taxes on are US earnings. They are moving their HQ's abroad to avoid taxes.
Our rates are high...until you factor in all the ways that companies can reduce them.
Broken record.
By now, the problem is well-known. Medtronic owes no U.S. tax on profits earned overseas as long as the earnings stay overseas. But it would owe as much as 35 percent U.S. corporate income tax on any money it brings back to the U.S. Thus, it is cheaper to borrow (especially at todays low interest rates) than to pay the repatriation tax. By contrast, as an Irish firm, it could pay dividends without owing any U.S. corporate tax.
See, Medtronic pays US taxes on US earnings and European taxes (for example) on European earnings. Whether the HQ is in the US, Ireland or Hong Kong.
Because their HQ is in the US, they'll owe extra taxes if they bring those (already taxed by Europe) European earnings home to the US.
If they move HQ to Ireland, no double taxation. They can now pay US shareholders those European earnings without the US taking 35%, first.
Broken record.
Yes, your ignorance is getting repetitive.
You are so against corporate taxes that you prefer that Ireland get what is coming to us. Brilliant strategy. These companies still get the benefits of being American companies.....they just don't have to pay for it.
You bring money into the US....it is US earnings. You want to invest that money after having obtained it in a tax deferred manner.....you set up a bullshit company HQ somewhere and go to town.
The effective corporate tax in the US is 12.6% which places us number 16 in the world. How much lower should we go?
GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
How much lower should we go?
Well, we could drop the rate to 15% and remove a bunch of stupid loopholes.
But that would reduce government power, the Dems will never allow it.
Stupid loopholes like a yacht as a second home?
Get rid of the dumb tax and the money will be spent at home. More people with money to invest means more jobs, more jobs a stronger economy... Or you can keep pretending prohibition on susses will work. As long as it costs a certain amount less to avoid the tax, people/corps will avoid... Thus not only a 100% loss but the loss of what it didn't create.
The more we shift towards progressive policies then worse off we seem to be... Odd, I never see bills pass that shrink Government, not even under Obama and Dems despite them being clear that was the plan.