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Thread: Tax law may send factories and jobs abroad

  1. #21
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    Quote Originally Posted by OldGaffer View Post
    Corp B only pays tax if it shows a profit on the widgets, if all the money has already gone to Corp A the overseas subsidiary, it gets taxed at the lower rate.Corp B sells the widgets at the pass through price, showing zero profit.
    Mr. Gaffer,

    Why would you sell something for no profit?

    You are just not making sense.

  2. #22
    Veteran Member Southern Dad's Avatar
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    Here's what the left has to fear. If President Trump's tax reforms are actually working; money is coming back into this country, employees are getting bonuses, employees are getting wage increases, unemployment stays low... NO one is going to want to go back to the way it was.

  3. #23
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    Quote Originally Posted by Southern Dad View Post
    Here's what the left has to fear. If President Trump's tax reforms are actually working; money is coming back into this country, employees are getting bonuses, employees are getting wage increases, unemployment stays low... NO one is going to want to go back to the way it was.
    Keep telling yourself that.

    You do know that corporations pay taxes on profits, right? And if, for example, a drug company takes in a billion dollars in profit on a drug, but says it has to pay a billion in royalties for use of that patented drug.... ...to an overseas company in, oh, I don't know...Ireland, let's say, and then that company shunts the money sideways yet again to a "company" in, oh, let's say, the Cayman Islands, where the corporate tax rate is ZERO percent.

    Oh, look, ain't this a sad tale? The poor little drug company made no money! So sad. Their costs for royalties are a real pain, aren't they! Gee, too bad they cannot do anything about that. Seems a shame that these guys keep making drugs for us ingrates, and all for no profit!

    Oddly enough, when these tax "amnesties" come along every few years, those profits are sitting there, looking very juicy indeed, and they come back home as soon as the gubmint steps in with a big welfare check for them. And the corporations, who claim they are making no profits, who off-shore their dollars to dodge taxes by pretending those aren't profit dollars, but royalty dollars, don't even bother to pretend any such thing when they argue in favor of these tax amnesties. They openly argue that if only there was a tax amnesty, they could bring back onshore this big pile of money and everybody will be happy.

    Why don't you tell us how we're taking advantage of them or something?

    Are you really drinking all this kool-aid, or do you not really understand it and you just feel compelled to peddle this Rush Limbaugh shit for some reason? Entertainment?
    Last edited by splansing; 11th January 2018 at 12:19 PM.
    Thanks from Hollywood, Panzareta and OldGaffer

  4. #24
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    Quote Originally Posted by Southern Dad View Post
    Here's what the left has to fear. If President Trump's tax reforms are actually working; money is coming back into this country, employees are getting bonuses, employees are getting wage increases, unemployment stays low... NO one is going to want to go back to the way it was.
    It all depends on how quickly, obviously and how badly Trump's de-regulation fucks up things such as the environment, consumer & worker protections and the small investors.
    It might take quite awhile for rivers to actually start catching fire again for example.

  5. #25
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    Quote Originally Posted by Southern Dad View Post
    Here's what the left has to fear. If President Trump's tax reforms are actually working; money is coming back into this country, employees are getting bonuses, employees are getting wage increases, unemployment stays low... NO one is going to want to go back to the way it was.
    You're taking Trump's tweets seriously?
    The Tax Reform Bill doesn't take effect for a year.
    Thanks from Hollywood

  6. #26
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    Quote Originally Posted by splansing View Post
    Keep telling yourself that.

    You do know that corporations pay taxes on profits, right? And if, for example, a drug company takes in a billion dollars in profit on a drug, but says it has to pay a billion in royalties for use of that patented drug.... ...to an overseas company in, oh, I don't know...Ireland, let's say, and then that company shunts the money sideways yet again to a "company" in, oh, let's say, the Cayman Islands, where the corporate tax rate is ZERO percent.

    Oh, look, ain't this a sad tale? The poor little drug company made no money! So sad. Their costs for royalties are a real pain, aren't they! Gee, too bad they cannot do anything about that. Seems a shame that these guys keep making drugs for us ingrates, and all for no profit!

    Oddly enough, when these tax "amnesties" come along every few years, those profits are sitting there, looking very juicy indeed, and they come back home as soon as the gubmint steps in with a big welfare check for them. And the corporations, who claim they are making no profits, who off-shore their dollars to dodge taxes by pretending those aren't profit dollars, but royalty dollars, don't even bother to pretend any such thing when they argue in favor of these tax amnesties. They openly argue that if only there was a tax amnesty, they could bring back onshore this big pile of money and everybody will be happy.

    Why don't you tell us how we're taking advantage of them or something?

    Are you really drinking all this kool-aid, or do you not really understand it and you just feel compelled to peddle this Rush Limbaugh shit for some reason? Entertainment?
    Mr. splansing,

    Why would a drug company (or anybody, for that matter) sell something knowing they will make no money on it?

    See, you premise just don't make no sense.

  7. #27
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Idiocracat View Post
    You're taking Trump's tweets seriously?
    The Tax Reform Bill doesn't take effect for a year.
    Actually, it took effect January 2018. People will not see withholding change until February 2018 because they need to get the withholding tables completed. Your posts demonstrates your ignorance. You can thank me for pointing out the lack of understanding in your post.

    https://www.nytimes.com/interactive/...017-taxes.html

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    Quote Originally Posted by Southern Dad View Post
    Actually, it took effect January 2018. People will not see withholding change until February 2018 because they need to get the withholding tables completed. Your posts demonstrates your ignorance. You can thank me for pointing out the lack of understanding in your post.

    https://www.nytimes.com/interactive/...017-taxes.html
    My, what a high and mighty tone for somebody who evidently did not understand the first thing about how corporations hide profits overseas and thus pay no taxes on them.

    You might want to slow your roll, sunshine.

  9. #29
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by splansing View Post
    My, what a high and mighty tone for somebody who evidently did not understand the first thing about how corporations hide profits overseas and thus pay no taxes on them.

    You might want to slow your roll, sunshine.
    Sunshine? I know exactly how companies hide money oversees. That money is legally kept overseas and not hidden. It is money from profits made in other countries. And now that money can come back to this country.

  10. #30
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    Quote Originally Posted by Southern Dad View Post
    Sunshine? I know exactly how companies hide money oversees. That money is legally kept overseas and not hidden. It is money from profits made in other countries. And now that money can come back to this country.
    No, not that money. Money from SALES made right here in the U.S. passed over to shell companies, owned entirely by the U.S. company, to cover "royalties".

    Don't try to change the subject, slick.

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