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If you don't like the fact that it exists, what's the plan for changing that?
Are you kidding me? Being aware that, or recognizing that, favoring short term financial returns over long term goals means "dismantling financialization"?
Obviously you don't know were many corporations are incorporated.
Yes, they are incorporated within the US, many are in Delaware.
"More than 65 percent of all Fortune 500 companies and more than half of all U.S. publicly-traded companies are incorporated in the state of Delaware."
How do tax inversions provide jobs for American people?
They don't and that's the point. Overtaxing US corporations results in tax inversions, like Warren Buffett and BK. And with that corporate headquarters relocation abroad, so go the higher-paying corporate jobs.
Are you kidding me? Being aware that, or recognizing that, favoring short term financial returns over long term goals means "dismantling financialization"?
That statement isn't an answer. You complained about the financialization of the US economy. What's the plan for changing the fact that such financialization exists, which would not wipe out businesses, jobs, and 100 million people's pensions and/or retirement accounts?
They don't and that's the point. Overtaxing US corporations results in tax inversions, like Warren Buffett and BK. And with that corporate headquarters relocation abroad, so go the higher-paying corporate jobs.
Tax inversions are a toxic accounting product much like the toxic financial products created that led to our most recent global financial imbroglio. The question is 'Cui bono?'
Quote:
A tax inversion or corporate tax inversion is a form of tax avoidance where a corporation restructures so that the current parent is replaced by a foreign parent, and the original parent company becomes a subsidiary of the foreign parent, thus moving its tax residence to the foreign country. Executives and operational headquarters can stay in the original country. The US definition requires that the original shareholders remain a majority control of the post-inverted company.
It does not take a PhD in economics to understand this, just common sense.
Well then they don’t love this country or their people. This is not new. Our economy issues are their greedy fault and have been for outsourcing our jobs and hiring illegals. American is not first - hypocrites all.
And FYI - many big corps now belong to foreign investors. Like Home Depot etc.
That statement isn't an answer. You complained about the financialization of the US economy. What's the plan for changing the fact that such financialization exists, which would not wipe out businesses, jobs, and 100 million people's pensions and/or retirement accounts?
Again, are you kidding me? As if 'all taxes are theft' moral grandstanding is not at the heart of every business worshipping argument.
Loyalty to an incomplete ideology does not have to include loyalty to its mistaken axiomatic beliefs.
Tax inversions are a toxic accounting product much like the toxic financial products created that led to our most recent global financial imbroglio. The question is 'Cui bono?'
Consumers benefit, as they're paying a lower imbeded corporate tax rate when they buy the tax inverted corporation's products/services. The share holders also benefit when a corporations' tax costs are lower. Share holders... also known as the 100 million people who have a pension and/or retirement account, the aggregates of which hold a total of $29.1 trillion worth of investments.
Again, are you kidding me? As if 'all taxes are theft' moral grandstanding is not at the heart of every business worshipping argument.
Loyalty to an incomplete ideology does not have to include loyalty to its mistaken axiomatic beliefs.
You're still dodging the question ... You complained about the financialization of the US economy. What's the plan for changing the fact that the financialization exists, such that businesses, jobs, and 100 million people's pensions and/or retirement accounts would not be wiped out in the process?
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... You complained about the financialization of the US economy. What's the plan for changing the fact that the financialization exists, such that businesses, jobs, and 100 million people's pensions and/or retirement accounts would not be wiped out in the process?
