Topic: Another will move
started by: Self-Banished
Posted by Self-Banished on Jul. 14 2014,10:53 am
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 >
Posted by Self-Banished on Jul. 16 2014,10:14 am
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 >
Posted by irisheyes on Jul. 20 2014,8:32 pm
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!
Posted by Self-Banished on Jul. 20 2014,9:47 pm
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
Posted by Self-Banished on Jul. 20 2014,10:02 pm
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.
Posted by Self-Banished on Jul. 24 2014,1:39 pm
And another...< http://www.foxbusiness.com/markets...verseas >
Posted by Self-Banished on Aug. 01 2014,2:45 pm
< http://m.huffpost.com/us/entry/5629936 >< http://i.word.com/idictionary/whine >
Posted by Self-Banished on Aug. 25 2014,11:01 am
...and here we go again, < http://mobile.nytimes.com/blogs...hortons >
When are the progressives going to wake up???
Posted by Glad I Left on Aug. 25 2014,12:07 pm
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...
Posted by Self-Banished on Aug. 25 2014,1:18 pm
^^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 >
Posted by Glad I Left on Aug. 25 2014,2:59 pm
404'd ^
Posted by Self-Banished on Aug. 25 2014,3:57 pm
^^Didn't work?? Doesn't surprise me, ' took it from a Teamster site, they're notorious for not working. 
Here's NY Times
< http://mobile.nytimes.com/2013...ml?_r=0 >
Posted by grassman on Aug. 26 2014,6:46 am
Well, I guess having regulation isn't so bad now is it. 
Posted by Self-Banished on Aug. 26 2014,6:56 am
^ why would you say that???After a merger it's projected that the combined company would gross about 23 billion a year.
Because of our current tax code the US take is diminished.
Posted by grassman on Aug. 26 2014,8:18 am
I don't think we are talking about the same rats!
Posted by Botto 82 on Aug. 26 2014,9:13 am
I don't suppose, in SB's limited worldview, that this has anything to do with it...
Posted by Self-Banished on Aug. 26 2014,9:16 am
^^ o more limited than yours 
Posted by Self-Banished on Aug. 26 2014,2:05 pm
Burger King is a done deal, 11 billion dollarsI wonder how much the US will lose just because of a bunch of stubborn progressives???
Posted by MADDOG on Aug. 26 2014,9:22 pm
Glad to see < Burger King >is getting expert assistance on tax breaks.Gotta love it. < Confuse the he11 out of them >.
Posted by Self-Banished on Aug. 28 2014,1:44 pm
Well how about that? Cadillac is going to move production of the SRX back from Mexico, God bless them. They'll be moving them into the old Saturn facility in Spring Hill Tennesee.
Isn't Tennesee a right to work state???
< http://m.us.wsj.com/article...obile=y >
Posted by MADDOG on Aug. 28 2014,8:02 pm
Damn, I only read to QUOTE
They'll be moving them into the old Saturn facility in Spring Hill Tennesee.
and started chuckling.< NRTW >
Posted by Self-Banished on Aug. 29 2014,4:47 am
^^^ yeah! I was thinking "damn, it'd be nice to have a car plant in Mn." But then I remembered that this is a closed shop state and the unions would stick their grubby claws in and scare the company away.Closed shop=closed mind
Posted by Self-Banished on Aug. 29 2014,4:51 am
[En español] Labor union officials enjoy many extraordinary powers and immunities that were created by legislatures and the courts. Union officials claim to rely on the support of rank-and-file workers. Yet, they clamor in the political arena to secure and expand their government-granted powers, including the powers to shake down workers for financial support and even to wage campaigns of violent retaliation against non-union employees.
The following list of special privileges reveals the extent to which union bosses have rigged our nation’s labor laws in their favor.
Privilege #1: Exemption from prosecution for union violence.
The most egregious example of organized labor’s special privileges and immunities is the 1973 United States v. Enmons decision. In it, the United States Supreme Court held that union violence is exempted from the Hobbs Act, which makes it a federal crime to obstruct interstate commerce by robbery or extortion. As a result, thousands of incidents of violent assaults (directed mostly against workers) by union militants have gone unpunished. Meanwhile, many states also restrict the authority of law enforcement to enforce laws during strikes.
Privilege #2: Exemption from anti-monopoly laws.
The Clayton Act of 1914 exempts unions from anti-monopoly laws, enabling union officials to forcibly drive out independent or alternative employee bargaining groups.
Privilege #3:
Power to force employees to accept unwanted union representation.
Monopoly bargaining, or “exclusive representation,” which is embedded in most of the country’s labor relations statutes, enables union officials to act as the exclusive bargaining agents of all employees at a unionized workplace, thereby depriving employees of the right to make their own employment contracts. For example, the National Labor Relations Act (NLRA) of 1935, the Federal Labor Relations Act (FLRA) of 1978, and the Railway Labor Act (RLA) of 1926 prohibit employees from negotiating their own contracts with their employers or choosing their own workplace representatives.
Privilege #4: Power to collect forced union dues.
Unlike other private organizations, unions can compel individuals to support them financially. In 26 states under the NLRA (those that have not passed Right to Work laws), all states under the RLA, on “exclusive federal enclaves,” and in many states under public sector labor relations acts, employees may be forced to pay union dues as a condition of employment, even if they reject union affiliation.
Privilege #5:
Unlimited, undisclosed electioneering.
The Federal Election Campaign Act exempts unions from its limits on campaign contributions and expenditures, as well as some of its reporting requirements. Union bigwigs can spend unlimited amounts on communications to members and their families in support of, or opposition to, candidates for federal office, and they need not report these expenditures if they successfully claim that union publications are primarily devoted to other subjects. For years, the politically active National Education Association (NEA) teacher union has gotten away with claiming zero political expenditures on its IRS tax forms!
Privilege #6:
Ability to strong-arm employers into negotiations.
Unlike all other parties in the economic marketplace, union officials can compel employers to bargain with them. The NLRA, FLRA, and RLA make it illegal for employers to resist a union’s collective bargaining efforts and difficult for them to counter aggressive and deceptive campaigns waged by union organizers.
Privilege #7: Right to trespass on an employer’s private property.
The Norris-LaGuardia Act of 1932 (and state anti-injunction acts) give union activists immunity from injunctions against trespass on an employer’s property.
Privilege #8: Ability of strikers to keep jobs despite refusing to work.
Unlike other employees, unionized employees in the private sector have the right to strike; that is, to refuse to work while keeping their job. In some cases, it is illegal for employers to hire replacement workers, even to avert bankruptcy. Meanwhile, union officials demonize replacement workers as “scabs” to set them up for retaliation.
Privilege #9: Union-only cartels on construction projects.
Under so-called project labor agreements, governments (local, state, or federal) award contracts for construction on major projects such as highways, airports, and stadiums exclusively to unionized firms. Such practices effectively lock-out qualified contractors and employees who refuse to submit to exclusive union bargaining, forced union dues, and wasteful union work rules. So far, just three states have outlawed these discriminatory and costly union-only pacts.
Privilege #10: Government funding of forced unionism.
On top of all of the special powers and immunities granted to organized labor, politicians even pour taxpayer money straight into union coffers. Union groups receive upwards of $160 million annually in direct federal grants. But that’s just the tip of the iceberg. In 2001, the federal Department of Labor doled out $148 million for “international labor programs” overwhelmingly controlled by an AFL-CIO front group. Federal bureaucrats spend approximately $2.6 billion per year on “job training programs” that, under the Workforce Investment Act, must be administered by boards filled with union officials. Union bosses also benefit from a plethora of state and local government giveaways.
Posted by Liberal on Aug. 29 2014,8:37 am
I checked the first one and as usual the right wing nut jobs are full of crap.QUOTE
Under the United States Supreme Court's 1973 Enmons decision (United States v. Enmons), the actions of union officials in organizing strikes and other united acts of workers are exempt from prosecution under US federal anti-extortion law. Similar legal protections are enjoyed by unions in other democratic countries.[citation needed] These protections do not however confer any immunity from prosecution for violent acts.
< http://en.m.wikipedia.org/wiki/Union_violence#Legal_status >
Posted by Self-Banished on Aug. 29 2014,9:27 am
^^ yeah, right
Posted by Self-Banished on Sep. 06 2014,8:32 am
Well here's one that stayed in the good old USA, Tesla is going to build a big battery factory in Nevada, lots of high paying jobs and I would imagine a wide circle of supporting businesses. I wonder why they chose Nevada, anybody? Bueller? Bueller?< http://fortune.com/2014...ry-deal >