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.
I hope Congress will finally take up that legislation to halt inversions. The 2004 law passed by Congress did not quite go far enough. I would love to see jobs created here for American citizens.
There's nothing wrong whatsoever with inversions; companies owe their shareholders (which means a lot of middle class folks) the right to make $$$ and improve their standard of living; given the hostility of Obama and the Democrats towards the middle class which has been the case for decades and which his policies have made substantially worse, it's no surprise that the middle class is getting massacred nationwide with a putrid economy courtesy of Obama & his cult.
There's nothing wrong whatsoever with inversions; companies owe their shareholders (which means a lot of middle class folks) the right to make $$$ and improve their standard of living; given the hostility of Obama and the Democrats towards the middle class which has been the case for decades and which his policies have made substantially worse, it's no surprise that the middle class is getting massacred nationwide with a putrid economy courtesy of Obama & his cult.
I don't expect the middle class to benefit from BK's move to Canada but inversions are a way of doing business, neither republicans nor democrats have the will or fortitude to reform an absurd tax code that allows overseas accounts and countless loopholes along with a high corporate rate. Common sense would dictate that they lower the rate along with reform rather than attacking the symptom instead of the disease.
Obama has only been in office since 2009 so let's not blame him for all the ill's. The economy has a lonq way to go but is still is quite improved since 2008, 2009 was "putrid", this is quite a step above.
Last edited by Goodnight; 08-31-2014 at 07:52 AM..
I don't expect the middle class to benefit from BK's move to Canada but inversions are a way of doing business, neither republicans nor democrats have the will or fortitude to reform an absurd tax code that allows overseas accounts and countless loopholes along with a high corporate rate. Common sense would dictate that they lower the rate along with reform rather than attacking the sympton rather than the disease.
I cannot add anything to that. Right now government is picking and choosing what tax rates corporations pay and those chosen to pay higher rates will do what they have to do.
What the US needs to do to stay competitive is to change from a global tax to a territorial tax and lower the rate.
These companies that do inversions do pay tax on their US revenue.
And if all the US does is end the inversion allowance then these companies are going to react to that.
A company incorporated in the US has to pay global tax on all their income..domestic and foreign.
A company incorporated in another country only has to pay tax on their US income.
Eliminate inversions and what do you think will happen ?
What the US needs to do to stay competitive is to change from a global tax to a territorial tax and lower the rate.
These companies that do inversions do pay tax on their US revenue.
And if all the US does is end the inversion allowance then these companies are going to react to that.
A company incorporated in the US has to pay global tax on all their income..domestic and foreign.
A company incorporated in another country only has to pay tax on their US income.
Eliminate inversions and what do you think will happen ?
Companies only pay US tax on foreign earning when they repatriate those earning to the United States. They rarely do so except during periodic tax holidays. Please get your facts correct.
BK is moving to Canadian registration to facilitate the Canadian approval of the acquisition.
Companies only pay US tax on foreign earning when they repatriate those earning to the United States. They rarely do so except during periodic tax holidays. Please get your facts correct.
BK is moving to Canadian registration to facilitate the Canadian approval of the acquisition.
I was assuming here that people understood what that meant.
They pay US taxes - the foreign tax they paid when they bring the money home.
But they are not bringing the money home.
The policies here are not proposing anything other than to get at that foreign revenue or prevent US corporations from doing inversions.
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.
