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Old 01-23-2018, 05:45 PM
 
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How do corps get around say China taxing repatriated moneys?

How to repatriate capital out of China

I hear no mention of this.
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Old 01-24-2018, 09:19 AM
 
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There is an article in today's WSJ about the "Double Irish" tax scheme and earnings stripping using the IP royalties

https://www.wsj.com/articles/compani...ish-1516789801
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Old 02-07-2020, 01:57 PM
 
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The actual tax rate turned out to be about half the 21 percent tax rate. Employee compensation through the stock market is a big write off, which is perversely not counted as an expense for reporting profits, creating a false picture of valuations.

more corporate tax avoidance in first year of Trump tax law

Amazon paid a 1 percent tax rate for 2019.

link
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Old Yesterday, 06:41 PM
 
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Quote:
Originally Posted by lchoro View Post
That makes corporations sound like charities, when in fact, the payments to employees are compensation for services. Social security, Medicare/Medicaid, workmen's comp, unemployment insurance, and other costs are classified under the benefits section of employee compensation.

Corporate income taxes are imposed net of costs of doing business, of which payments to suppliers is one cost, whether they are W-2 employees or 1099 contractors.

Eliminating the corporate income tax would also create a backdoor for individuals to get a much lower tax rate than other taxpayers through compensation via dividends. It would eventually push the individual income tax rates higher.
And I'm actually fine with some corporate tax, but just trying to prove a point. I'm a low tax guy, but would actually like to see taxes on churches at this point, especially these large churches that are basically corporations buying real estate (Catholic Church and Scientology who is following the same pattern). On a side note, I don't think Scientology has anything to do with being a "church", but it makes my point even further that these institutions are exempt from taxes but build tons of wealth. They are basically are run like large corporations with the tax implication. I think the originally point was to help small and local churches but that isn't always what happened.
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Old Today, 10:19 PM
 
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Quote:
Originally Posted by MLSFan View Post
free free to send me some numbers on a spreadsheet then
With online banking, let say someone has interest bearing saving account. When they can draw some from the account, they can send to anyone for at least whatever the minimum the banks requires.
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Old Today, 10:26 PM
 
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Quote:
Originally Posted by SportyandMisty View Post
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.

Only people bear the burden.

So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.

Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
But then do you also want to increase the tax on the owners? The owners are the corporation, and they will just pass burden or stifle flow to everyone below them. People will still bear the burden, the people that dont own. It wont make a difference taxing corporation, or owners.
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