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 Googly Goo
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| HotbearLVR - 2014-08-26 12:13 PM TXBO - 2014-08-26 11:34 AM HotbearLVR - 2014-08-26 11:28 AM next we will begin to see Fortune 500 companies relocate to Russia, then Haiti. There's been a swell of inversion transactions in the last two years. Much of the M&A has been driven by Wall Street. This one is the most prominent because Buffett is involved but many Forute 500 companies have subsidiaries overseas already. The Bahamas and Turks & Cachos Islands are the most popular offshore destinations due to their low tax rates and ease of incorporation. Jim can you please explain "inversion transaction" to us? All I know is that it is basically a move to relocate outside of the US mainly as a tax avoidance maneuver. Obama calls these "unpatriotic", so the liberals respond in the same way, while threatening some sort of legislation that prohibits this kind of move. Are these people "allergic " to all tax cuts? How can anyone call the obvious solution to this problem "complicated"?
That's basically what it is, Bear, moving your incorporation outside the US to avoid the corporate taxation. There are some rules to follow in order to be effective. They constantly change and I'm not up on all of them right now. I do know that a minimum amount of stock has to be foreign owned. That's where Jorge Lemann comes in. His private equity firm is based out of Brazil. |
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 Famous for Not Complaining
Posts: 8848
  
Location: Broxton, Ga | TXBO - 2014-08-25 12:20 PM jbhoot - 2014-08-26 9:46 AM HotbearLVR - 2014-08-26 9:29 AM Who would have thunk it? Gee, I wonder why? Evidently Warren Buffet is supporting this move. I hope people wake up. Simple solution lower the tax. Let corporations bring back the two trillion being held over seas at zero tax.
I would leave too............the idiots in Washington need to wake up we running business out of this country....... |
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 Good Grief!
Posts: 6343
Location: Cap'n Joan Rotgut.....alberta | well we definatly aren't without issues up here...........we have our own money wasting politicians....and we are taxed on everything from booze to bubble gum.............
m
Edited by mruggles 2014-08-26 4:33 PM
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Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | Nevertooold - 2014-08-25 3:43 PM I would like to know why Canada doesn't seem to have all of this kind of BS going on like the US does?
They don't have our politicians..............we are stupid in this country............Obama wants tax reform so he will not sign a corporate tax reduction without HIS tax reform..........which means more tax on us....... |
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Googly Goo
Posts: 7053
| mruggles - 2014-08-26 4:29 PM well we definatly aren't without issues up here...........we have our own money wasting politicians....and we are taxed on everything from booze to bubble gum.............
m
I'm sure you're right but the difference in corporate tax rate is significant.
Canada 26%
US 40%
With over $300 Million in pre-tax earnings, Burger King will add over $42 million dollars to earning.... that's before the earnings of the donut chain are factored in. |
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 BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Damm |
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 Expert
Posts: 4121
Location: SE Louisiana | TXBO - 2014-08-26 4:20 PM
HotbearLVR - 2014-08-26 12:13 PM TXBO - 2014-08-26 11:34 AM HotbearLVR - 2014-08-26 11:28 AM next we will begin to see Fortune 500 companies relocate to Russia, then Haiti. There's been a swell of inversion transactions in the last two years. Much of the M&A has been driven by Wall Street. This one is the most prominent because Buffett is involved but many Forute 500 companies have subsidiaries overseas already. The Bahamas and Turks & Cachos Islands are the most popular offshore destinations due to their low tax rates and ease of incorporation. Jim can you please explain "inversion transaction" to us? All I know is that it is basically a move to relocate outside of the US mainly as a tax avoidance maneuver. Obama calls these "unpatriotic", so the liberals respond in the same way, while threatening some sort of legislation that prohibits this kind of move. Are these people "allergic " to all tax cuts? How can anyone call the obvious solution to this problem "complicated"?
I'm curious.. What's to stop the government from taxing any money going OUT of the country? and why don't they do that? They tax everything coming into it. That way all this money earned in places like BK stores cannot escape being taxed... Neither can the money the Mexicans earn here and send out of the country. and lots of other examples I can't think of right offhand. |
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Googly Goo
Posts: 7053
| komet. - 2014-08-26 6:13 PM I'm curious.. What's to stop the government from taxing any money going OUT of the country? and why don't they do that? They tax everything coming into it. That way all this money earned in places like BK stores cannot escape being taxed... Neither can the money the Mexicans earn here and send out of the country. and lots of other examples I can't think of right offhand.
I guess nothing but the current tax code. They could change that. |
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Expert
Posts: 4121
Location: SE Louisiana | TXBO - 2014-08-26 6:24 PM
komet. - 2014-08-26 6:13 PM I'm curious.. What's to stop the government from taxing any money going OUT of the country? and why don't they do that? They tax everything coming into it. That way all this money earned in places like BK stores cannot escape being taxed... Neither can the money the Mexicans earn here and send out of the country. and lots of other examples I can't think of right offhand.
I guess nothing but the current tax code. They could change that.
I guess it would affect the same money they and their friends send out as well.... That could be one reason... But honestly!! They tax money people bring into the country.... Why not work it both ways? They do that with money we earn. (income tax).. They tax it again when we spend it.. twice... the buyer gets hit with a sales tax and the seller gets hit with an income tax.. |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan
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Expert
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Location: SE Louisiana | HotbearLVR - 2014-08-26 6:59 PM
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan
This from the governor that turned California into the "Tax Me" state..  |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | komet. - 2014-08-26 7:06 PM
HotbearLVR - 2014-08-26 6:59 PM
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan
This from the governor that turned California into the "Tax Me" state..
California was just his training ground! LOL. He's admitted several mistakes he made as governor. Evidently California liked what he did.....he overwhelmingly won the state in 1980 and '84. His tax cuts were huge during his presidency, even though he had to finagle and negotiate to get them passed. |
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Googly Goo
Posts: 7053
| komet. - 2014-08-26 6:33 PM TXBO - 2014-08-26 6:24 PM komet. - 2014-08-26 6:13 PM I'm curious.. What's to stop the government from taxing any money going OUT of the country? and why don't they do that? They tax everything coming into it. That way all this money earned in places like BK stores cannot escape being taxed... Neither can the money the Mexicans earn here and send out of the country. and lots of other examples I can't think of right offhand. I guess nothing but the current tax code. They could change that. I guess it would affect the same money they and their friends send out as well.... That could be one reason... But honestly!! They tax money people bring into the country.... Why not work it both ways? They do that with money we earn. (income tax ).. They tax it again when we spend it.. twice... the buyer gets hit with a sales tax and the seller gets hit with an income tax..
Edited by TXBO 2014-08-26 9:01 PM
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Googly Goo
Posts: 7053
| komet. - 2014-08-26 6:33 PM TXBO - 2014-08-26 6:24 PM komet. - 2014-08-26 6:13 PM I'm curious.. What's to stop the government from taxing any money going OUT of the country? and why don't they do that? They tax everything coming into it. That way all this money earned in places like BK stores cannot escape being taxed... Neither can the money the Mexicans earn here and send out of the country. and lots of other examples I can't think of right offhand. I guess nothing but the current tax code. They could change that. I guess it would affect the same money they and their friends send out as well.... That could be one reason... But honestly!! They tax money people bring into the country.... Why not work it both ways? They do that with money we earn. (income tax ).. They tax it again when we spend it.. twice... the buyer gets hit with a sales tax and the seller gets hit with an income tax..
The sales taxes are levied by state and local government though but replacing income tax with a consumption tax would be awesome. Herman Cain's 9/9/9 would have this economy flourishing by now. |
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Common Sense and then some
Location: So. California | TXBO - 2014-08-26 2:20 PM HotbearLVR - 2014-08-26 12:13 PM TXBO - 2014-08-26 11:34 AM HotbearLVR - 2014-08-26 11:28 AM next we will begin to see Fortune 500 companies relocate to Russia, then Haiti. There's been a swell of inversion transactions in the last two years. Much of the M&A has been driven by Wall Street. This one is the most prominent because Buffett is involved but many Forute 500 companies have subsidiaries overseas already. The Bahamas and Turks & Cachos Islands are the most popular offshore destinations due to their low tax rates and ease of incorporation. Jim can you please explain "inversion transaction" to us? All I know is that it is basically a move to relocate outside of the US mainly as a tax avoidance maneuver. Obama calls these "unpatriotic", so the liberals respond in the same way, while threatening some sort of legislation that prohibits this kind of move. Are these people "allergic " to all tax cuts? How can anyone call the obvious solution to this problem "complicated"?
Isn't Burger King a Brazalian owned company now? American brand, foreign owned? |
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 To the Left
Posts: 1865
Location: Florida | Well, all I know is what I can do, and I am going to keep my American money in America. Good by Burger King, I will not eat there again. |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | I hope they don't bring back those freaky "King" commercials with the guy wearing the King mask. Something about those were just a little spooky....but funny at the same time. I bet he scared a lot of little kids.
Kinda the same way some clowns are spooky looking. |
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Hungarian Midget Woman
Location: Midwest | HotbearLVR - 2014-08-27 7:12 AM I hope they don't bring back those freaky "King" commercials with the guy wearing the King mask. Something about those were just a little spooky....but funny at the same time. I bet he scared a lot of little kids. Kinda the same way some clowns are spooky looking.
I freaking loved those commercials... HILARIOUS
http://www.youtube.com/watch?v=x4_5qoy4oaQ
I actually don't eat there most of the time anyway, unless it is early and I am desperate.
There is hardly such a thing as an "American company" anymore... our government has seen to that... IMO it is good to support companies that employ people in the US. People need jobs. |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | barrelracr131 - 2014-08-27 7:17 AM
HotbearLVR - 2014-08-27 7:12 AM I hope they don't bring back those freaky "King" commercials with the guy wearing the King mask. Something about those were just a little spooky....but funny at the same time. I bet he scared a lot of little kids. Kinda the same way some clowns are spooky looking.
I freaking loved those commercials... HILARIOUShttp://www.youtube.com/watch?v=x4_5qoy4oaQ
I actually don't eat there most of the time anyway, unless it is early and I am desperate.
There is hardly such a thing as an "American company" anymore... our government has seen to that... IMO it is good to support companies that employ people in the US. People need jobs.
I remember one where this lumberjack was chopping down a tree and the King came out of the woods and walked up behind him and handed him a bag of burgers. If that sonnava***** surprised me like that, I'd punch him in the face!
I want one of those masks! |
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Hungarian Midget Woman
Location: Midwest | HotbearLVR - 2014-08-27 7:39 AM barrelracr131 - 2014-08-27 7:17 AM HotbearLVR - 2014-08-27 7:12 AM I hope they don't bring back those freaky "King" commercials with the guy wearing the King mask. Something about those were just a little spooky....but funny at the same time. I bet he scared a lot of little kids. Kinda the same way some clowns are spooky looking. I freaking loved those commercials... HILARIOUS
http://www.youtube.com/watch?v=x4_5qoy4oaQ
I actually don't eat there most of the time anyway, unless it is early and I am desperate.
There is hardly such a thing as an "American company" anymore... our government has seen to that... IMO it is good to support companies that employ people in the US. People need jobs. I remember one where this lumberjack was chopping down a tree and the King came out of the woods and walked up behind him and handed him a bag of burgers. If that sonnava***** surprised me like that, I'd punch him in the face! I want one of those masks!
The masks were a popular Halloween costume at all the bars that year... folks woud just walk up behind you and stare... priceless. |
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