Obama the village idiot

[detbuch]

Originally Posted by wdmso

Why are companies moving overseas? Because it's CHEAPER. If we lower the cost of doing business here, there's less incentive to move jobs overseas.

thats wishful thinking and not based on Historical business trends below is the biggest reason why the head leaves and the body stays in the US ... but they need lower taxes its comical

http://americansfortaxfairness.org/t...ax-inversions/

Inversions largely occur on paper. Corporations typically do not move their executives or operations overseas.
Corporations that invert continue to enjoy the benefits of operating here — they just dodge a lot of taxes.
A dozen U.S. firms are currently considering doing a corporate inversion.
Walgreens could dodge up to $4 billion in U.S. taxes over five years if it inverts. One-quarter of its sales are from Medicare and Medicaid.
Medtronic plans to move its corporate address to Ireland, a tax haven, to avoid paying U.S. taxes on $20.5 billion in offshore profits.
U.S. corporations already dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens.
U.S. corporations hold $2.1 trillion in profits offshore — much of it in tax havens — that have not yet been taxed here. An inversion can let firms dodge paying taxes on those profits.
Big corporations say that the 35% U.S. corporate income tax rate is too high. But many companies pay much less because of loopholes in our tax code — many pay at a rate of less than 20%.

26 corporations paid no U.S. income taxes from 2008 to 2012, including General Electric, Boeing and Verizon. 111 companies paid no income taxes in at least one of those five years.

Inversion does not contradict Jim's reason companies physically move elsewhere. The reason they do so, as Jim stated, IS to lower the cost of production.

Inversion, as you have pointed out, is not about physically moving production to another country in order to lower production costs such as employee wage compensation packages, more attractive regulatory structure, and lower infrastructure costs, etc. Instead, inversion ships the "head" elsewhere to save not on production costs pers se, but in order to save on taxes.

So, yes, as Jim said, corporations physically move in order to save on production costs.

And, yes, corporations invert their "heads" elsewhere to save on taxes.

Ironically, inversion saves the jobs of American workers. The U.S. governments lose corporate tax revenue. But the employees keep their jobs.

But both types of perfectly legal moves depend on lower costs elsewhere. So competitively lowering the costs of production and taxes here would help in reversing both trends.

[scottw]

Inversion could also describe the democrats sudden embracing of conservative principles as it relates to all things Trump

Paul, Wayne..if you wander over to the National Review you will find the editors and "Never Trumpers" making the identical arguments against the Carrier episode that you've been making....

news flash....Conservatives don't like the Carrier deal and government intervention picking winners and losers and all of that...

that you can't differentiate between a bail out of a failing company, pouring money into new startups who happen to be politically connected and offering tax incentives to keep a thriving company with existing jobs was just an aside...

Conservatives didn't like Obama doing this and they don't like Trump doing this...

ironically the left didn't seem to mind Obama doing this sort of "investment" but is outraged that Trump may in some shape or form and is even more OUTRAGED that there is not more outrage from Conservatives toward Trump

this has been a pattern throughout the campaign if you've been paying attention.....

sorry....just don't share your outrage I guess....

[wdmso]

Originally Posted by scottw

Inversion could also describe the democrats sudden embracing of conservative principles as it relates to all things Trump

Paul, Wayne..if you wander over to the National Review you will find the editors and "Never Trumpers" making the identical arguments against the Carrier episode that you've been making....

news flash....Conservatives don't like the Carrier deal and government intervention picking winners and losers and all of that...

that you can't differentiate between a bail out of a failing company, pouring money into new startups who happen to be politically connected and offering tax incentives to keep a thriving company with existing jobs was just an aside...

Conservatives didn't like Obama doing this and they don't like Trump doing this...

ironically the left didn't seem to mind Obama doing this sort of "investment" but is outraged that Trump may in some shape or form and is even more OUTRAGED that there is not more outrage from Conservatives toward Trump

this has been a pattern throughout the campaign if you've been paying attention.....

sorry....just don't share your outrage I guess....

A bail out that is paid back and a Tax deal that requires no re payment

How are they the Same ?? and if Conservatives didn't like Obama doing this and they don't like Trump doing this...

their awful silent in there opposition

[scottw]

Originally Posted by wdmso

A bail out that is paid back and a Tax deal that requires no re payment

How are they the Same ?? and if Conservatives didn't like Obama doing this and they don't like Trump doing this...

their awful silent in there opposition

Paul insisted there was no difference...ask him

[Jim in CT]

Originally Posted by detbuch

Inversion does not contradict Jim's reason companies physically move elsewhere. The reason they do so, as Jim stated, IS to lower the cost of production.

Inversion, as you have pointed out, is not about physically moving production to another country in order to lower production costs such as employee wage compensation packages, more attractive regulatory structure, and lower infrastructure costs, etc. Instead, inversion ships the "head" elsewhere to save not on production costs pers se, but in order to save on taxes.

So, yes, as Jim said, corporations physically move in order to save on production costs.

And, yes, corporations invert their "heads" elsewhere to save on taxes.

Ironically, inversion saves the jobs of American workers. The U.S. governments lose corporate tax revenue. But the employees keep their jobs.

But both types of perfectly legal moves depend on lower costs elsewhere. So competitively lowering the costs of production and taxes here would help in reversing both trends.

"Ironically, inversion saves the jobs of American workers."

Exactly. 5 years ago, my insurance company moved its "headquarters" to Bermuda. We rent a tiny, tiny office, and they have a Board Of Directors meeting there once a year, to prove that it is really the HQ. Even though the office is vacant 51 weeks out of the year.

That saves us a few million each year in taxes. Much of which was used to grow the company, meaning more people have good, white collar jobs, with which they pay mortgages and put their kids through college.

[wdmso]

Seem you guys only like to focus on 1 part at a time

Business left for cheap labor little to no regulation and Inversions all combined to see these companys leave

they made profits in the USA greed moved them from the USA

[detbuch]

Originally Posted by wdmso

Seem you guys only like to focus on 1 part at a time

You focused on one thing, inversions, and disregarded production. I guess it's ok when you do it. Actually, I focused on both being methods of evading costs. And both can be addressed by changing our government regulations and tax structure, as well as wage contracts--all which, as they are now, make it significantly cheaper to move either production or tax liability elsewere.

Business left for cheap labor little to no regulations and inversions all combined to see these companys leave.

That's basically what I said, but not in as a demeaning manner as you.

they made profits in the USA greed moved them from the USA

In the global economy, they made profits worldwide. Why should they only satisfy the greed of the U.S.government and of American workers (to use the same demeaning rhetoric you use)?

[Jim in CT]

Originally Posted by wdmso

Seem you guys only like to focus on 1 part at a time

Business left for cheap labor little to no regulation and Inversions all combined to see these companys leave

they made profits in the USA greed moved them from the USA

The CT budget is tanking because of stupid spending. We have high tax rates applied to very high incomes. Add to that, hundreds of millions a year from the casinos. That's more than enough.

Yes, you are right about why companies leave. Companies exist to make money. Do you not make decisions based on your financial self-interest?

The solution, is to make it more attractive for companies to stay, and less attractive for them to leave. Do that, and more will stay.

I presume you have never worked for a business that ever had to balance revenue with expenses.

[wdmso]

Originally Posted by Jim in CT

The CT budget is tanking because of stupid spending. We have high tax rates applied to very high incomes. Add to that, hundreds of millions a year from the casinos. That's more than enough.

Yes, you are right about why companies leave. Companies exist to make money. Do you not make decisions based on your financial self-interest?

The solution, is to make it more attractive for companies to stay, and less attractive for them to leave. Do that, and more will stay.

I presume you have never worked for a business that ever had to balance revenue with expenses.

The solution, is to make it more attractive for companies to stay..

By basically giving them what ever they want ? maximizing their profits by diminishing their Tax responsibilities reducing their regulation . pass the risk to the tax payer . to keep 1000 jobs with a low % they will be there when the tax incentives sunset .. not my idea of the Big picture .. I get it greed is good ... but these are muti billion dollar profit companies .. not the man on the street plumber company or guy who runs 4 trucks ... no ones giving them a thing Because they cant leave nobody cares about them.. they are sold the same BS about de regulation and taxes but the reality it never trickles down to them

So dont even try to compare local business with Carrier

[Jim in CT]

Originally Posted by wdmso

The solution, is to make it more attractive for companies to stay..

By basically giving them what ever they want ? maximizing their profits by diminishing their Tax responsibilities reducing their regulation . pass the risk to the tax payer . to keep 1000 jobs with a low % they will be there when the tax incentives sunset .. not my idea of the Big picture .. I get it greed is good ... but these are muti billion dollar profit companies .. not the man on the street plumber company or guy who runs 4 trucks ... no ones giving them a thing Because they cant leave nobody cares about them.. they are sold the same BS about de regulation and taxes but the reality it never trickles down to them

So dont even try to compare local business with Carrier

"By basically giving them what ever they want "

Again, you are responding to something that I never said (you have that habit, in case you didn't know). No - not give them whatever they want. But we need to take our boots off of their throats. Reasonable taxes, reasonable regulations. Stop acting like business is some limitless ATM that your labor union can raid whenever it feels like.

Have you ever worked in the private sector? Ever?

"to keep 1000 jobs with a low % they will be there when the tax incentives sunset "

Oh, so now you're a fortune teller, too. Impressive.

[wdmso]

Originally Posted by Jim in CT

"Ironically, inversion saves the jobs of American workers."

Exactly. 5 years ago, my insurance company moved its "headquarters" to Bermuda. We rent a tiny, tiny office, and they have a Board Of Directors meeting there once a year, to prove that it is really the HQ. Even though the office is vacant 51 weeks out of the year.

That saves us a few million each year in taxes. Much of which was used to grow the company, meaning more people have good, white collar jobs, with which they pay mortgages and put their kids through college.

ok keep drinking that Kool aid. and you just answered why Conn budget it off ... your company bailed to not pay its taxes Sweet