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We appreciate your help
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09-19-2014, 02:54 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Quote:
Originally Posted by bobabode
Not all of them and those are the ones I do business with whenever and wherever possible. No Apple products here for one and HomeDespot can kiss my ass.
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Hope your rabies shots are up to date.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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09-19-2014, 03:30 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,229
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Quote:
Originally Posted by merrylander
Hope your rabies shots are up to date.
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On the rare occasion that I find myself in a HD, I always make it a point to mention unionization within earshot of the store manager.
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09-23-2014, 12:34 AM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,229
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Obama issues exec order on inversions
http://www.washingtonpost.com/busine...y.html?hpid=z4
"The Obama administration took action Monday to discourage corporations from moving their headquarters abroad to avoid U.S. taxes, announcing new rules designed to make such transactions significantly less profitable.
The rules, which take effect immediately, will not block the practice, and Treasury Secretary Jack Lew again called on Congress to enact more far-reaching reforms. But in the meantime, he said, federal officials “cannot wait to address this problem,” which threatens to rob the U.S. Treasury of tens of billions of dollars."
Cool.
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09-23-2014, 09:03 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,914
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Quote:
Originally Posted by bobabode
http://www.washingtonpost.com/busine...y.html?hpid=z4
"The Obama administration took action Monday to discourage corporations from moving their headquarters abroad to avoid U.S. taxes, announcing new rules designed to make such transactions significantly less profitable.
The rules, which take effect immediately, will not block the practice, and Treasury Secretary Jack Lew again called on Congress to enact more far-reaching reforms. But in the meantime, he said, federal officials “cannot wait to address this problem,” which threatens to rob the U.S. Treasury of tens of billions of dollars."
Cool.
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Republican lawmakers have been unmoved, arguing that the increase in inversions is the direct result of a dysfunctional U.S. tax code and the failure of the White House to aggressively pursue an overhaul. In addition to imposing a 35percent corporate tax rate that is the highest in the developed world, the United States is the only advanced nation that taxes profits that domestic firms earn outside its borders.
“We’ve been down this rabbit hole before. And until the White House gets serious about tax reform, we are going to keep losing good companies and jobs to countries that have or are actively reforming their tax laws,” House Ways and Means Committee Chairman Dave Camp (R-Mich.) said in a written statement. “A few campaign-style speeches and stopgap measures from Treasury won’t do it.”
The Republicans are right on this one. However, waiting for Congress to take meaningful action on tax reform would demand the patience of Job.
__________________
As long as the roots are not severed, all will be well in the garden.
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09-23-2014, 09:27 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Quote:
Originally Posted by finnbow
Republican lawmakers have been unmoved, arguing that the increase in inversions is the direct result of a dysfunctional U.S. tax code and the failure of the White House to aggressively pursue an overhaul. In addition to imposing a 35percent corporate tax rate that is the highest in the developed world, the United States is the only advanced nation that taxes profits that domestic firms earn outside its borders.
“We’ve been down this rabbit hole before. And until the White House gets serious about tax reform, we are going to keep losing good companies and jobs to countries that have or are actively reforming their tax laws,” House Ways and Means Committee Chairman Dave Camp (R-Mich.) said in a written statement. “A few campaign-style speeches and stopgap measures from Treasury won’t do it.”
The Republicans are right on this one. However, waiting for Congress to take meaningful action on tax reform would demand the patience of Job.
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It is totally unreasonable to tax profits domestic firms earn outside of our
borders.
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09-23-2014, 09:39 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Considering that we have the finest Congress money can buy I am sure that their masters could change the tax code anytime they wished. GE did not pay one cent in taxes last year.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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09-23-2014, 09:46 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Quote:
Originally Posted by merrylander
GE did not pay one cent in taxes last year.
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Geeze!
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09-23-2014, 11:54 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,914
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Quote:
Originally Posted by merrylander
GE did not pay one cent in taxes last year.
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This is a bit misleading and has nothing to do with ongoing tax inversions. The reason they didn't pay taxes a couple of years back is that their GE Capitol subsidiary lost immense amounts of money in the real estate crash which offset the earnings in their other market segments.
__________________
As long as the roots are not severed, all will be well in the garden.
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09-23-2014, 02:07 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,914
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"With the highest corporate income tax rate among [advanced] nations and the double taxation of international operations, the United States with its tax code has made itself increasingly uncompetitive as we vie for companies to locate and to expand operations here,” writes Michael Faulkender, an associate professor of finance at the University of Maryland.
http://www.csmonitor.com/USA/DC-Deco...needs-Congress
__________________
As long as the roots are not severed, all will be well in the garden.
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09-23-2014, 02:27 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Well the companies that sent jobs offshore are now in a bind;
Shipping is costly and slow
Quality control is difficult if not impossible
Innovation is impossible when you are not actually building the product
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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