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Self-Banished 
Group: Members
Posts: 22473
Joined: Feb. 2006
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Posted on: Jul. 14 2014,10:53 am |
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Abbvie, maker of Humira is in talks to buy an Irish company in order to take advantage of a corperate tax nearly three times less than here in the "good ol' USA". As Moparman would say "truly pathetic" but for a different reason. Our gov is making the US into a giant Albert lea, one enormous retirement community. Except eventually nobody's going to be left to wipe our ass.
http://mobile.nytimes.com/blogs...-merger
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 Remember boys and girls,
Don’t be a Dick …
Or a “Wayne” 
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| Post Number: 2
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Self-Banished
Group: Members
Posts: 22473
Joined: Feb. 2006
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Posted on: Jul. 16 2014,10:14 am |
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And yet more are looking to move, Walgreens is looking at a Swiss company and our legislators are working on passing something to prevent it.
How about they just lower the tax rate from the highest in the world to something a little more competitive?
http://news.yahoo.com/us-comp...ce.html
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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irisheyes
Group: Super Administrators
Posts: 3040
Joined: Oct. 2003
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Posted on: Jul. 20 2014,8:32 pm |
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I'd hate to let facts get in the way again, but many of the largest and smallest companies don't pay any tax; much less "the highest in the world". The ones that do pay taxes don't pay the highest in the world. You know the difference between marginal and effective tax rates, don't you?
If I recall the average marginal for corporations is pretty close to the low taxed countries you mention, like Ireland. Some firms like S Corporations don't pay a corporate tax at all. Back to that effective, the U.S. uses one of the most lenient accounting standards in the world for firms to artificially reduce their profit margin for tax purposes. LIFO (last in, first out) is my favorite example, the IRS allows a firm to use one inventory system in real life, and another for the books they keep tax records for. Voila!
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You know it's going to be a bad day when you cross thread the cap on the toothpaste.
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| Post Number: 4
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Self-Banished
Group: Members
Posts: 22473
Joined: Feb. 2006
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Posted on: Jul. 20 2014,9:47 pm |
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Lat's see...
Corporate Tax Rate - A corporate tax rate of 12.5% applies to all corporate trading profits
% Corporation Tax Headline Rates
Ireland 12.50
Singapore 17.00
Russia 20.00
UK 23
Switzerland 24.43
Netherlands 25
China 25
Luxembourg 28.8
Germany 33
Belgium 33.99
Brazil 34
France 34.43
Japan 38.01
USA 40
India
Sorry, India didn't show up, they're at 42%
So I guess the US doesn't have the highest tax rate, sorry 
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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| Post Number: 5
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Self-Banished
Group: Members
Posts: 22473
Joined: Feb. 2006
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Posted on: Jul. 20 2014,10:02 pm |
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Perhaps we should look at a tax holiday like 2004, granted the wasn't the best but could tinkered with. Anything would be better than our gov standing around with their collective fingers up their ass'  waiting for another company to bail.
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Self-Banished
Group: Members
Posts: 22473
Joined: Feb. 2006
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Posted on: Aug. 25 2014,11:01 am |
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...and here we go again,
http://mobile.nytimes.com/blogs...hortons
When are the progressives going to wake up??? 
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Glad I Left
Group: Members
Posts: 2301
Joined: Aug. 2005
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Posted on: Aug. 25 2014,12:07 pm |
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Saw it on CBS this morning.
We should take on the Tax Code and get the revamped like we did health care.. oh wait... nevermind...
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After we screw up health care reform, let's take on the initiative of unscrewing the education system (gov't education)
Tacitus: (c. 56 AD-c. 117) "The more corrupt the state, the more it legislates."
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| Post Number: 10
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Self-Banished
Group: Members
Posts: 22473
Joined: Feb. 2006
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Posted on: Aug. 25 2014,1:18 pm |
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^^oh hell, why not?
Look at this, a new source of burger meat for the fast food empires,
http://m.bbc.com/news/world-asia-2886331
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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