Posted by tecwrg on 6/7/2015 7:56:00 PM (view original):
So, tough **** on those people losing their jobs in Illinois?

Did I say that, you retard?

The U.S. Corporate tax rate (which is what is being discussed) has no impact on state to state movement.

Read up BL

http://www.finweb.com/taxes/how-does-a-corporate-income-tax-affect-company-decisions.html#axzz3cR9CoNTY

Corporate Income Taxes and Corporate Hiring Decisions

One of the biggest ways that corporate income taxes may impact a corporation or company is when corporate income taxes are levied at such a high rate or percentage that it may hinder the growth of some companies. Often, if a corporation is unable to take advantage of corporate tax loopholes or does not have sufficient deductions or tax credits that can be claimed, corporate income taxes can eat away a large part of a corporation's earnings.

Therefore, when a corporation is forced to pay high amounts of income tax, the company may not be able to grow and offer employment to new employees. In fact, one of the most common ways that corporations respond to large corporate tax hikes or new types of corporate taxes is to begin to lay off workers or employees in order to cut costs and maintain profit margins.

While the increased amount of corporate taxes paid by corporations does help the average citizen in many ways with increased revenue being paid to the government, high corporate income taxes can also directly affect the jobs of people that rely on the corporation to earn a living.

Corporate Taxes and Business Relocation

In some areas, corporations are not only subject to federal corporate income taxes, they are often subject to state and local income taxes as well. Therefore, when the corporate income tax burden for a corporation becomes too much, the corporate directors and board of the corporation may choose to simply relocate the company to a state or locality where corporate income taxes are not assessed at such a high rate. Often times, these types of relocations will result in the loss of many jobs as well as revenue that is spent in the local economy.

http://www.huffpost.com/us/entry/5691487

Article about Tax Inversion written by the Governor of Delaware...


"These tax inversions come at a significant cost for the rest of us. The federal government loses significant corporate income tax revenues. In Delaware, where many American companies are incorporated, we lose both the income tax on corporate profits and the fees they pay to incorporate here.

*******But tax revenues are not the most important thing. Moving the headquarters of these American companies overseas means the loss of jobs here in America.*******

As these companies become taxpayers and corporate citizens in places like Ireland and the United Kingdom, the companies will have less incentive to grow here -- in the states and communities they used to call home."

You should check out the auto manufacturing industry in mexico. Its BOOMING. Companies like GM, Nissan, Ford, Volvo, etc are spending billions and employing 10s of thousands of Mexicans to make cars (yes cheap labor)... then exploiting NAFTA to avoid taxes. 80% of cars manufactured in Mexico are exported... Mostly to the US.

Taxes matter. A better tax climate would encourage GM and others to keep more manufacturing jobs here rather than sending them across the border. We aren't going to pass legislation to lower US wages so we should do something to encourage more investment IN the US... Not outside of it. BL - You still haven't answered what you would do.

PUT ALL CORPORATE EXECS IN PRISON WHO HIDE OVERSEAS

TREASON

Posted by bad_luck on 6/7/2015 10:18:00 PM (view original):

Posted by tecwrg on 6/7/2015 7:56:00 PM (view original):
So, tough **** on those people losing their jobs in Illinois?

Did I say that, you retard?

The U.S. Corporate tax rate (which is what is being discussed) has no impact on state to state movement.

Perhaps the retard here is the person who can't seem to understand that what's happening at the state level can also be applied at the national level.

Is that the kind of retard you are?

Yes.  Yes, it is.

Posted by moy23 on 6/7/2015 11:21:00 PM (view original):
Read up BL

http://www.finweb.com/taxes/how-does-a-corporate-income-tax-affect-company-decisions.html#axzz3cR9CoNTY

Corporate Income Taxes and Corporate Hiring Decisions

One of the biggest ways that corporate income taxes may impact a corporation or company is when corporate income taxes are levied at such a high rate or percentage that it may hinder the growth of some companies. Often, if a corporation is unable to take advantage of corporate tax loopholes or does not have sufficient deductions or tax credits that can be claimed, corporate income taxes can eat away a large part of a corporation's earnings.

Therefore, when a corporation is forced to pay high amounts of income tax, the company may not be able to grow and offer employment to new employees. In fact, one of the most common ways that corporations respond to large corporate tax hikes or new types of corporate taxes is to begin to lay off workers or employees in order to cut costs and maintain profit margins.

While the increased amount of corporate taxes paid by corporations does help the average citizen in many ways with increased revenue being paid to the government, high corporate income taxes can also directly affect the jobs of people that rely on the corporation to earn a living.

Corporate Taxes and Business Relocation

In some areas, corporations are not only subject to federal corporate income taxes, they are often subject to state and local income taxes as well. Therefore, when the corporate income tax burden for a corporation becomes too much, the corporate directors and board of the corporation may choose to simply relocate the company to a state or locality where corporate income taxes are not assessed at such a high rate. Often times, these types of relocations will result in the loss of many jobs as well as revenue that is spent in the local economy.

Are we playing the cut and paste articles game? I can do that too.

http://fortune.com/2011/04/08/lower-corporate-taxes-wont-create-more-jobs/

“Companies aren’t suffering from a lack of investment funds,” Lynch says, pointing to record cash levels held by America’s biggest companies. “What they’re suffering from is lack of profitable investment opportunities.” Even as many non-financial companies sit on an estimated $2 trillion at a time when interest rates have remained at nearly 0%, executives still aren’t hiring much.

But while the idea of bringing more capital into the domestic economy sounds like a good thing, it won’t likely mean much for the average American. In 2004, Congress approved a one-year tax holiday as part of a jobs package, resulting in companies bringing back $362 billion. But, as Fortune’s Tory Newmyer pointed out in February, studies have shown that most of the funds went to shareholders. Even while Congress passed several rules to make sure the funds would get invested back into the companies, not very much went to research, investment or hiring.

 

If the cost savings from lower taxes don’t go to new investments or more jobs, could they at least lead to higher wages for workers, as Ryan’s plan suggests?

 

If history tells us anything, that’s unlikely. The effective corporate tax rate has been steadily declining for decades. Corporations paid more than 49% of their profits in federal taxes in the 1950s, 38% in the 1960s, 33% in the 1970s and 25% in the 1980s. All the while, U.S. wages have been stagnant for years even as productivity has risen. Between 1989 and 2010, U.S. productivity grew by 62.5% — far outpacing wages, which grew by only 12% during the same period, according to a March 2011 study by the Economic Policy Institute.

 

So what will a lower corporate tax rate do?

Posted by moy23 on 6/7/2015 11:58:00 PM (view original):
You should check out the auto manufacturing industry in mexico. Its BOOMING. Companies like GM, Nissan, Ford, Volvo, etc are spending billions and employing 10s of thousands of Mexicans to make cars (yes cheap labor)... then exploiting NAFTA to avoid taxes. 80% of cars manufactured in Mexico are exported... Mostly to the US.

Taxes matter. A better tax climate would encourage GM and others to keep more manufacturing jobs here rather than sending them across the border. We aren't going to pass legislation to lower US wages so we should do something to encourage more investment IN the US... Not outside of it. BL - You still haven't answered what you would do.

GM is paying corporate income tax on profits earned in the US (on cars sold in the US), regardless of where the cars are manufactured.

You're brain dead.

Posted by tecwrg on 6/8/2015 6:23:00 AM (view original):

Posted by bad_luck on 6/7/2015 10:18:00 PM (view original):

Posted by tecwrg on 6/7/2015 7:56:00 PM (view original):
So, tough **** on those people losing their jobs in Illinois?

Did I say that, you retard?

The U.S. Corporate tax rate (which is what is being discussed) has no impact on state to state movement.

Perhaps the retard here is the person who can't seem to understand that what's happening at the state level can also be applied at the national level.

Is that the kind of retard you are?

Yes.  Yes, it is.

Except it isn't the same concept.

Moving a C Corp from California to Nevada in order to cut costs is a relatively small undertaking and really doesn't change much about a company, assuming they don't have to be based in California to succeed.

Moving a C Corp from the US to a foreign country only helps avoid corporate income tax if that company stops generating income in the US. That's a huge ******* deal considering the US is the best market to sell products.

Posted by bad_luck on 6/8/2015 11:33:00 AM (view original):

Posted by moy23 on 6/7/2015 11:58:00 PM (view original):
You should check out the auto manufacturing industry in mexico. Its BOOMING. Companies like GM, Nissan, Ford, Volvo, etc are spending billions and employing 10s of thousands of Mexicans to make cars (yes cheap labor)... then exploiting NAFTA to avoid taxes. 80% of cars manufactured in Mexico are exported... Mostly to the US.

Taxes matter. A better tax climate would encourage GM and others to keep more manufacturing jobs here rather than sending them across the border. We aren't going to pass legislation to lower US wages so we should do something to encourage more investment IN the US... Not outside of it. BL - You still haven't answered what you would do.

GM is paying corporate income tax on profits earned in the US (on cars sold in the US), regardless of where the cars are manufactured.

You're brain dead.

Then that's a first for a multinational company. There are so many ways a company can divert taxes so they don't have to pay so much.

http://www.businesspundit.com/5-tricks-corporations-use-to-avoid-paying-taxes/

The whole link applies.... But here is one excerpt for Tax Havens:


Tax havens

Some tourist havens, notably Bermuda and Ireland, also happen to be stellar tax havens. “58% of offshore profits are now recorded in tax havens,” according to this FinFacts Ireland article. US operations, for example, have recorded more than $25 billion in profits in tiny Bermuda, which doesn’t charge any taxes, writes FinFacts.

It doesn’t matter that most of those multinationals’ sales happened in higher-tax countries like Germany, the US and the UK. Wherever tax rates are low, multinational profits rise, sometimes exponentially. That translates to tens of billions of dollars the US Treasury doesn’t get its hands on. US corporations, meanwhile, enjoy enviable tax rates, while the tax havens that house them benefit from the injection of foreign capital.





Or under 'Nowhere Income'

"Nowhere income becomes more elaborate if you can pull it off internationally. Intel did just this in the early 2000s, according to CTJ.org. The company declared “millions of dollars in profits from selling US-made computer chips as Japanese income for US tax purposes.” This exempted it from US taxes. Meanwhile, a US-Japan tax treaty required Japan to “treat the profits as American.” That meant Intel didn’t have to pay Japanese tax, either."

No ****. Companies are usually able to avoid most corporate income taxes. Another reason why lowering the rate won't increase employment.

Posted by bad_luck on 6/8/2015 12:11:00 PM (view original):
No ****. Companies are usually able to avoid most corporate income taxes. Another reason why lowering the rate won't increase employment.

They ARE paying all their corporate taxes.... Just a lot of it is being paid abroad rather than here. The question is WHY are they avoiding paying corporate taxes to the USA? Easy answer....because our corporate tax rate is not attractive.

You once said you drove way out of the way to pay less taxes on a large purchase (I think it was a car purchase).... Would you have driven all that way for that purchase had tax rates been similar closer to your home? I forgot where I read the info but its REALLY expensive for companies to move money around like Google does. So the foreign tax rate plus all the fees involved makes more sense for Google than just paying the taxes here at home.

Actually they don't. The effective corporate tax rate in America is around 13%.

Big companies don't repartriate income earned abroad to avoid taxes but that has nothing to do with domestic jobs.

Posted by bad_luck on 6/8/2015 2:39:00 PM (view original):
Actually they don't. The effective corporate tax rate in America is around 13%.

Big companies don't repartriate income earned abroad to avoid taxes but that has nothing to do with domestic jobs.

"US operations, for example, have recorded more than $25 billion in profits in tiny Bermuda, which doesn’t charge any taxes"

Posted earlier. That's a lot of profits posted in tiny Bermuda.



You still have not given an alternative to driving foreign investment to the USA.

There is no shortage of capital in the U.S.. We need more demand.