Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Don't disagree, but lets use Apple for example. They pay a company in CHina to produce most Apple products. If they were taxed at a rate for outsourcing manufacturing at a rate $1 above what it would cost to produce them here then the smart business decision would be to produce them here.
China could still compete, but the innovative part of the business would have to take place in China.
you know its a shame you have me on ignore, because it would stop you from embarassing yourself with this nonsense..
What Apple would do is Contract with a company called AppleContracted Corporation, who will be based in China, which will allow Apple to keep all of their employees here in the USA, while then allow AppleContracted Corporation to outsource to China all of their employees. The contract will of course be written so AppleContracted Corporation makes nothing off the contract with Apple, meaning they wont be taxed, and since Apple has all of their employees here as well, they also wont be taxed
If a company produces 100% of their products and services in the U.S., then no corporate taxes. If a company produces 80% of their products and services outside the country then 1/2 of that percentage or 40%. How about rewarding the companies that keep jobs here and punish those who don't.
How about rewarding the companies that keep jobs here and punish those who don't.
.
What about foreign owned companies? Here's some reality to slap you in the face, this is direct quote from the owner of small company I'm acquainted with. To put this into context this was during the latter part of 2007, at that time people making coal stoves/boilers/furnaces had a 6 to 12 month waiting list:
Quote:
In January a company came to me about having all of our stoves made in China. They would be shipped to LLS boxed and ready to sell. This at a much bigger profit than I could ever make working the way we do. THIS WILL NEVER HAPPEN AS LONG AS I OWN LLS. I DON'T CARE HOW FAR BEHIND WE GET.
Jerry the person quoted here is a stand up guy but he has the luxury of making this statement because it's a niche market. There is no overseas competition at the moment but that doesn't mean there won't be in the future. So the question becomes what is your solution for this company if a foreign owned competitor moves into his market and starts severely undercutting his product? Under your scenario you're going to penalize him, his product is still non competitive so he still goes out business. Do you suggest he pay minimum wages? Drop medical benefits? Maybe hire illegals?
What about foreign owned companies? Here's some reality to slap you in the face, this is direct quote from the owner of small company I'm acquainted with. To put this into context this was during the latter part of 2007, at that time people making coal stoves/boilers/furnaces had a 6 to 12 month waiting list:
Jerry the person quoted here is a stand up guy but he has the luxury of making this statement because it's a niche market. There is no overseas competition at the moment but that doesn't mean there won't be in the future. So the question becomes what is your solution for this company if a foreign owned competitor moves into his market and starts severely undercutting his product? Under your scenario you're going to penalize him, his product is still non competitive so he still goes out business. Do you suggest he pay minimum wages? Drop medical benefits? Maybe hire illegals?
IF we did nothing other than what we would have suggested, we would have lost all of the jobs anyway. However, I have always advocated tariffs where countries are operating off of unfair trading practices. Kudos to your friend though.
IF we did nothing other than what we would have suggested, we would have lost all of the jobs anyway.
Yes but Jerry loses his company if your just going to punish US companies.
Quote:
However, I have always advocated tariffs where countries are operating off of unfair trading practices.
That's what you need to advocate for instead of singling out US companies because people like Jerry lose their shirt if you're just going to punish US companies but how mnay people are willing to accept the cost of goods going up?
Quote:
Kudos to your friend though.
He's sold his compnay to two like minded gentleman, they have basically invested their entire worth into this venture with long days or working, consider their situation if this company becomes unprofitable. While this is just a small company it applies to any company in this country, you have to remain competitive in the market place and if that means sending manufacturing overseas that's what you have to do.
If a company produces 100% of their products and services in the U.S., then no corporate taxes. If a company produces 80% of their products and services outside the country then 1/2 of that percentage or 40%. How about rewarding the companies that keep jobs here and punish those who don't.
Surely we could get bipartisan support.
No. I would not agree. I don't want to pay $10,000 for my next HDTV.
And the term is "off shoring".... not "outsourcing".
No. I would not agree. I don't want to pay $10,000 for my next HDTV.
Then Don't. Most electronics companies are owned and operated by foreign countries. This would have absolutely no effect on them. That would be tariffs. Of course, I know it is more important that you be able to buy your 50 inch HDTV for $50 less than to support U.S. manufacturing.
Who believes that big business only contributes to one party? They contribute to which ever party that will allow them to make a bigger profit, and also to the one that they believe will win. No use contributing money to the loser, even if he would be a better candidate for the company.
I see it around the boards here all the time.
It's one of the chestnuts, kinda like the stupid "Obama is a communist muslim from Africa" junk.
Your other comments are quite accurate. That's one of the reasons Romney is getting more $$$ this year, McCain was so far back in the race it was kinda moot.
Offshoring is mainly done because of the cheap labor rates, low benefits and little or no regulation in foreign countries. (My source is an HR guy of 25+ years at a major company that extensively off-shores.)
Taxation is generally avoided by moving the profits through various holding companies and other financial gymnastics like the "double irish".
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
