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What bills specific bills have the Democrats put forward that would make it illegal for pharma companies to sell in the US for more than other countries?
Obamacare..big pharma directly dealt with President Obama to protect their interests
TPP..Obama made sure that big pharma was protected and no cheaper drugs will be sold in the US.
The USG has protected big pharma guaranteeing them a monopoly in the US with their higher drug prices.
Is it your claim that Pfizer isn't paying any taxes?
No, I never brought that up. Although after this they wont be paying much at all. Certainly not compared to the benefits they have received.
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Is is about the topic. Pfizer is doing this for financial reasons just as so many companies have moved operations to other countries.
No, it really truly is a seperate topic. One involves leaving the country, this involves staying here while using loopholes to pay elsewhere.
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Raising taxes has a financial cost to companies which increases the incentive to make changes to lower those costs.
Please, Geuss what? Not having a taxed system that provides benefits has a cost too, in this case they get the best of both. And thats why this is a seperate topic. Do you not understand??
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You seem to think companies are in business to make jobs and pay taxes, but that is not the case. Companies are in business to make money.
Good for them. Great even. But we should not be allowing companies the benefits of operating here, while claiming fictionally that they operate elsewhere. Societys are in the "business" of being functional. And businesses that forget that they depend on a society and in the end are a product of a society, have no place in it.
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I'm not ignorant on the topic, I just wanted to let yourself be shown to not understand the problem.
What are the five top industries in Kansas?
They are:
1. Agriculture
2. Cattle Production
3. Energy - oil and gas
4. Aviation
5. Non-fuel Industrial Minerals
What has happened to these industries since 2012 when the tax cuts were made.
Well, Kansas has been in a severe drought from 2012 to 2014 and saw little relief in 2015.
I'm not going to explain to you the affects of a drought to the top two industries nor what that also does to tax revenue from those industries. Every reasonable person will understand it.
We know what has happened to the energy industry starting about 14 months ago that has had a major impact on them.
The global downturn hit the aviation industry very hard and especially in Kansas.
I'm not sure what has happened in the non-fuel industrial mineral industry, but it's quite apparent that the top four industries have taken major hits. Obviously, you won't be able to understand the affects of this, but everyone who does will see how that was responsible for the problems Kansas is facing.
I have no doubt that you can find a whole bunch of articles parroting bad information, but anybody who bother to research the true causes knows better.
Please. Even the people who have implemented the new tax laws in Kansas admit that they are the problem, not the cherry picked markets. Similar states are doing great with just as many bad industries. Trying to claim otherwise is incredible.
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So, maybe you'd agree with the TEA Party that our tax system needs a major overhaul that includes simplification?
Absolutely actually. however the devil is in the details, and thats where me and the TEA party separate. Attempting to imply otherwise seems to match your MO for this whole conversation.
Oh look, the "highest" rate in the world nonsense again...all the while ignoring that the effective rate is about average.
As for Pfizer....what they are doing is unAmerican. they want the benefits of being based in America, without paying the costs. Sounds like a lot of folks on CD actually....
Oh yeah? It is very American. It accords to our principles of the free market. What has happened is that much of this country betrayed our principles. That's what's so unamerican.
For a company to be based in America, the nation benefits from it. But apparently, our Irish folks do better with keeping companies there. More power to them.
Except they aren't leaving. They are staying right here. Its a fiction. We're not discussing a company leaving the country, we're discussing them staying, and claiming to be based elsewhere.
And how is that a problem? In the global economy, this is all too common of a global setting. I don't care if they are leaving, or staying, or some combination. I care about our policies that alinenate companies that would be paying for our taxes if they "stayed."
When was it OK to get all the benefits without any of the costs?
You need to be reminded right? Getting all the benefits without contributing is exactly what the fiscal left has been encouraging people to do for years. You yourself have posted plenty advocating that.
LOL. No they would not.
We do agree on one thing, screwed up laws allow them to do so. Course it helps to have massive numbers of people working on finding ways around the existing laws.
the laws should make it easier for companeis to establish themselves, create jobs, and innovate.
I forget - is this the week that liberals are claiming that the big companies pay no income taxes and are subsidized or is the week liberals are claiming that these inversions are costing billions in lost revenue?
Merging isn't a loophole. It's what smart companies do in a global economy. Liberal polices aimed at bringing parity to the rest of the world are well known. It can't work both ways.
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Originally Posted by earthlyfather
Pfizer and Allergan are merging at a value of about $150B billion dollars. Pfizer will move its corporate headquarters to Ireland, shaving about 28% off of their corporate tax rate.
We are a nation of laws. Yet, the politicians are negligent in changing our tax laws. We need a drastic overhaul, personal and corporate so that the tax code is not alternately as either switch or a kiss.
No one pays the marginal tax rate. If you are going to have a discussion on this particular subject, and talk about specific companies, then you should find out what the effective tax rate is for this company.
in other countries, the amount of loopholes and tax breaks for companies is slime to none, at least in comparison to the US.
A marginal tax rate in the US is a max of 35%, but can be as low as a negative tax(giving money back to the company)
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