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Corporations go overseas to make money not to reduce tax. However, once overseas, they take advantage of those jurisdictions to minimize their tax liability.
There is no need to go overseas to make money.. Corporations in america can do business from here, with companies overseas.. This isnt the 1400's where you need to setup offices in cities where you want to sell your goods.. I routinely sell products to businesses in other nations, my internet company gets orders all the time. I also buy products from other nations. One of my largest supplies is from Canada.If I want to sell to Australia, there is no need for me to setup a seperate corporation in Australia to do so.. To claim there is a need to setup different oversees corporations to make money is ridiculous. Setting up foreign corporate entities are done so at an expense, but ultimately the expense is far lower than paying the taxes and dealing with the legislative burdeon..
There is no need to go overseas to make money.. Corporations in america can do business from here, with companies overseas.. This isnt the 1400's where you need to setup offices in cities where you want to sell your goods.. I routinely sell products to businesses in other nations, my internet company gets orders all the time. I also buy products from other nations. One of my largest supplies is from Canada.If I want to sell to Australia, there is no need for me to setup a seperate corporation in Australia to do so.. To claim there is a need to setup different oversees corporations to make money is ridiculous. Setting up foreign corporate entities are done so at an expense, but ultimately the expense is far lower than paying the taxes and dealing with the legislative burdeon..
That is one stage in the model and works for smaller corporations taking their first steps overseas. But Kraft did not pay billions for Cadbury just to get tax advantages.
Sophomoric political junkies tend to make very binary decisions on whether someone is a worker or evil corporation. The person in the video runs a small brokerage house and is nowhere near as large as corporations people tend to associate with "tax dodgers".
That is one stage in the model and works for smaller corporations taking their first steps overseas. But Kraft did not pay billions for Cadbury just to get tax advantages.
Kraft didnt buy Cadbury for the purpose of going overseas either.
We are discussing why companies go overseas, not why they expand..
Though many economists agree a higher rate makes the U.S. less competitive over the long term, they are mixed about whether cutting the corporate rate would have any immediate impact.
The reason, they say, is that cutting corporate taxes isn't focused specifically on expanding operations or creating jobs.
“You could create more opportunity for job creation,” said John Canally, an economist for LPL Financial. “But (corporations) could take that money and invest overseas. You can’t tell them what to do.”
“These targeted jobs credits, that’s what supposed to work,” Shackelford said. “So if you told me you have one tax trick to play, I’d say we are playing the right trick right now.”
It was thoroughly enjoyable to watch this perspective, to see how inept people can be by looking at this from a purely emotional and tax hungry perspective.
All the news and programs are connected to giant corporations.
Yes, our tax "burden" is what's driving corporations overseas, not just their greed. Looks like I paid more in taxes than a lot of those corporations combined. And aren't we all assured, according the Gospel of Ronald Reagan, that once these wealthy fat cats amassed large sums of money that it would "trickle down" to the rest of us? Aren't we supposed to be seeing an explosion of job creation now? Must be one slow trickle...
Only when they have wrung the very last drop of blood out of all 315 million of us and the federal debt has soared to 20 trillion dollars----only then, will the congressional whores be forced go after their pimp corporations to scrounge up some money. As usual, the pimp corporations will employ their battery of attorneys and accountants to fight tooth and nail to cough up even a dime. By then it will be too late for this country. Probably too late already, we just don't realize it.
Then why do so many pro Big Business conservatives complain that most news media is controlled by business hating liberals?
Because some big businesses make a living attacking other big businesses.
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