Published: Thursday, Aug. 28 2014 1:30 p.m. MDT
The IRS and tax laws are a complete waste of resources! Private companies would
much rather not have to pay accounting departments to manage their taxes, but
they have to or the IRS will come confiscate its fees at the point of a gun.Private business doesn't even pay taxes anyway, they never have and
they never will. Only people pay taxes. Any tax is a cost of doing business that
must be recovered from its customers.
You haven't raised any new money,all you've done is literally out of
thin air, you've created a debt obligation." Sounds a lot like Fiat
Currency where the Fed just prints money to cover their obligation but
doesn't back up the "new money" with hard assets such as gold or
silver.What government doesn't understand is that corporations
are based on the principles of improvise, overcome and adapt. Where as
government is fixed, corporations are fluid and adjust to changes in the
economy, taxes and employment which is why so many universities now hire a large
percentage of instructors as contracted adjuncts. Not a real FT employee so you
don't have to pay benefits such as medial or retirement.
Corporations will destroy America, and the republicans will gladly give it away
for a donation to their campaign.O'well Can't say
I've visited them in years and will continue to shop local whenever
I hear those on the left complain that BK won't be paying for American
infrastructure via taxes which allowed them to earn those profits in the first
place. That claim is designed for the "low information voter" because
they'll still be paying their taxes on American profits. The libs claim
about BK isn't being loyal Americans or patriotic. Loyalty/patriotism is a
2-way street. The government isn't being loyal the BK by wanting to tax
money not earned in the US. It's abuse. BK is like an abused wife who
discovers that other men (countries) don't abuse their spouses (local
corporations) like BK's does. She is just packing her bags and leaving the
abusive relationship as much as possible. Don't blame the victim. Blame
the abuser in the White House.American citizens are giving up their
citizenship in droves because the IRS requires US citizens to pay US taxes on
the wages they earn overseas as legal residents and even make their non US
spouses pay US taxes. Foreign banks don't even want to deal with US
citizens due to the paperwork hassles. Again, don't blame the victim.
@jsf. So how much will Burger King reduce the cost of a hamburger since they
will certainly pass on the savings to their customers once they invert and start
One thing all of you posters need to realize, is that the only person who pays
taxes is the final consumer. the person who eats that burger is the one who
pays the tax. the person who burns that gasoline is the one who pays the tax.
Everyone else just passes it on. Now all of you who are saying supply side
economics doesn't work; what is your option? would it be socialism,
communism? I don't see droves of people trying to get into Cuba, or China,
or even Russia right now. So, tell me what your fully integrated financial
system would look like, how would you keep the producers producing if they
can't keep what they produce, or can't turn a profit. Socialism may
work, in a beehive or ant hill!
Wow. Lower corporate taxes and national health care. What are we waiting for?
HVHmost of those local shops you visit are also corporations - sorry to
burst your bubbleMidwest Mom,unfortunately the personal tax
rates are higher and the health care choices are fewer. I see despite the close
proximity, you remain in WI and have not emmigrated to Canada. yeah, what ARE
you waiting for? no, please do not interpret that to imply I want you to leave.
You may recall the young man who asked GOP presidential candidates, "How
much of my money do you think I should be allowed to keep?"That is the
crux here.Has a corrupt government and its collection agency, the IRS,
overstepped its bounds? Is government too big, too expensive and too ineffective
(see VA and immigration enforcement for examples) to have value to the average
taxpayer? As we gas up this holiday and pay high motor fuel taxes to ride on
bumpy roads, are we asking ourselves what government really does?Is it
worth it?Expect more inversion to take place. And expect more individuals
to shelter money and/or cheat on their taxes. People who get gouged by
government are likely to protect their own interests.
@Kevin J. Kirkham"they'll still be paying their taxes on American
profits. "That's why I'm not that annoyed about the
inversion itself, it's all the other loopholes (some of which are noted in
the article) that will surely be exploited so that their American profit driven
tax bill is made as low as possible that I take issue with.
So according to conservative only people pay taxes Not corporations because they
pass it on to the people.So would conservatives only tax the
citizens of this country and let the corporations keep all their profits so that
they will let it trickle down to the consumer and employees? Yeah I think
we've been trying that one and corporations have never kept their end of
that disaster st. reagan promised, just a steady decline in the middle class and
a growing gap of wealth.Lost, I'm aware of what I purchase and
whenever possible my dollars go to local businesses that are Not corporate, even
if your unaware that they exist.
Schnee, the article only mentioned 2 things - Hopscotching and Stripping. The
former simply allows foreign made profits on which local taxes were paid, to be
sent to the US without paying US taxes. It simply avoids double taxation. No
other country taxes their corporations on profits made in other countries.
there is nothing wrong with it.Stripping seems shady, but its impact
would be negligible. If a US subsidiary made $1,000,000 in profits, it would
have to "borrow" about $20,000,000 from the home office where the
interest payments would equal about $1,000,000. This means that the home office
would have to cough up $20,000,000 and have it sit in the US where the home
office couldn't touch it. I doubt Tim Horton's is going to be able to
send BK 20x BK's profits to avoid paying US taxes. It only works where the
US subsidiary is a LOT smaller than the foreign owner.Most people
are basically fair and if the Dems and the IRS were fair, there wouldn't be
a lot of effort into dodging taxes.
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