Minimum Tax On American Corporations Operating Abroad?

[unregistered]

 

[SgtSpiderMan]

Obama wants to punish American corporations operating abroad with a minimum tax, ostensibly to force them to consider bringing their operations home. What do you think?

It's not punishment at all.

 

[TexasWife25]

Obama wants to punish American corporations operating abroad with a minimum tax, ostensibly to force them to consider bringing their operations home. What do you think?

Are you talking about the minimum tax he wants to set, so companies that keep there money in say Ireland to avoid paying US taxes are forced to pay some form of US tax?

 

[koalabear]

Obama wants to punish American corporations operating abroad with a minimum tax, ostensibly to force them to consider bringing their operations home. What do you think?

A minimum tax will not cut into the maximum profits. But it it an election year and makes a good sound byte.

 

[unregistered]

 

[unregistered]

 

[CandiCame]

I don't know jack shit about international tax law.

So... I contribute nothing. But that's pretty interesting. I thought that if you were a US citizen you had to pay taxes on all the money you brought in, but I have trouble filling out a 1040.

 

[Sean Renaud]

Obama wants to punish American corporations operating abroad with a minimum tax, ostensibly to force them to consider bringing their operations home. What do you think?

Honestly as much as it's possible (perhaps through something similar to a sales tax, but honestly this detail is something I haven't worked out) to tax you on where you make your money. Aside from whatever equivalent there is to social security, medicare, and basic country upkeep which clearly should be paid to the country your workers are physically in I think if you want access to a market you should pay it's taxes.

A great example is Rush Limbaugh (I know cus I listen his show most days) who fully acknowledges that his market is the east coast in general and New York in particular yet he broadcasts out of Florida for tax reasons (according to him. I've seen both his income roughly 50 million and his taxes and if he got out of New York to avoid taxes instead of Florida being sunny and filled with girls in bikinis he's got a mental disorder) and that shouldn't be possible. It's just with many things (particularly entertainment) where it's difficult to prove where your profits are actually coming from.

Obama on this however unless he can define a clear plan and one the Republicans will at least humor it's pointless. I'm terribly close to the point where I would rather let the Republicans destroy the country simply so we can suffer through it and then go back to America between 1930-1990 where Republican majorities were rare, Super Majorities STILL have not happened and congress is pretty much just something Democrats own because it's their birth right. They don't earn it, they own it.

 

[SgtSpiderMan]

It isn't? What is it a blessing?

It's called paying for a service.

 

[unregistered]

 

[unregistered]

 

[Peregrinator]

These American companies operating overseas are taxed by their host governments, Obama's plan will be another layer of taxation which will keep our companies from being competitive in the global economy.

Unless they move operations here.

It's an interventionist way to achieve what you rwcj-ers have been bitching about for years.

You must be terribly conflicted. Obama has put you in the position of having to say that American corporations returning here is a bad thing.

 

[Peregrinator]

What service does the United States government provide to an American company operating a business in Ireland?

Does every member of the company live in the foreign country? Does it have offices here? What defines it as an "American" company?

 

[SgtSpiderMan]

What service does the United States government provide to an American company operating a business in Ireland?

For starters how about trademarks, copyrights & training their employees.

 

[unregistered]

 

[unregistered]

 

[SgtSpiderMan]

Bullshit, gimme a break. Get serious.

So I could start a business here in the US of selling widgets with Disney characters on them & Disney would have no legal recourse?

 

[NeverEndingMe]

Are you talking about the minimum tax he wants to set, so companies that keep there money in say Ireland to avoid paying US taxes are forced to pay some form of US tax?

why should they move money back here, just to appease obama? if the tax code makes it "cheaper" then screw the fucktard

 

[Sean Renaud]

These American companies operating overseas are taxed by their host governments, Obama's plan will be another layer of taxation which will keep our companies from being competitive in the global economy.

Bullshit. They can move right back here and be plenty competetive and in the #1 economy in the world (and if you count California, 2 of the top ten economies and if you count New York and Texas 4 of the top twenty economies.) They can make money here just fine. That's not even considering the fact that various tarriffs and taxes can be placed on foriegn stuff.

None of which actually even attempted to talk about my main point which is that you should pay taxes based on some combination of where your workers are and where your profits are. It's absurd that someone can open an office on an island and claim that island is where they make there profits for the purposes of taxes even though any idiot knows (insert company here) made more money on one of their side products in California than they did in the Caymans.

Don't be dumb.

Apparently Obama believes that American companies have no business taking advantage of international economic opportunities outside the jurisdiction of the United States, and if they do they should be hamstrung in their endeavor by a punitive American tax.


Would American workers working for companies like Honda, BMW, be happy if Japan and Germany were to impose a tax on those companies that might preventing them from operating here in the United States? Would Mr. Obama think this was a good idea?

Sell over seas, pay over seas taxes. It's really not complicated.

If Americans wouldn't be happy if Japan and Germany started applying taxes on those companies here who cares? That's part of the push and pull of capitalism. Just make sure you get the best deal possible.

 

[koalabear]

Unless they move operations here.

It's an interventionist way to achieve what you rwcj-ers have been bitching about for years.

You must be terribly conflicted. Obama has put you in the position of having to say that American corporations returning here is a bad thing.

OOPS! Fell off the fence again!

 

[NeverEndingMe]

It's called paying for a service.

see you come from government, you think what are doing is

a. a service
b. don't realize what a shit ROI government gives you

dude, you can't even qualify to be a manager at 711. shut up about business.

 

[NeverEndingMe]

why should Apple move "this years profit" to America to give uncle obama what 39% of their 13 billion dollar profit? I say screw uncle obama

Bullshit. They can move right back here and be plenty competetive and in the #1 economy in the world (and if you count California, 2 of the top ten economies and if you count New York and Texas 4 of the top twenty economies.) They can make money here just fine. That's not even considering the fact that various tarriffs and taxes can be placed on foriegn stuff.

None of which actually even attempted to talk about my main point which is that you should pay taxes based on some combination of where your workers are and where your profits are. It's absurd that someone can open an office on an island and claim that island is where they make there profits for the purposes of taxes even though any idiot knows (insert company here) made more money on one of their side products in California than they did in the Caymans.



Sell over seas, pay over seas taxes. It's really not complicated.

If Americans wouldn't be happy if Japan and Germany started applying taxes on those companies here who cares? That's part of the push and pull of capitalism. Just make sure you get the best deal possible.

 

[koalabear]

I only buy American, that's why I like Honda. Well and Benelli.

 

[NeverEndingMe]

So I could start a business here in the US of selling widgets with Disney characters on them & Disney would have no legal recourse?

yeah, first off time to face the facts. you don't know how to start a business.

2nd you have no idea how to create a product or service

3rdly, if you were able to create something, well America will not stop you from selling your Disney knock offs.

 

[NeverEndingMe]

I only buy American, that's why I like Honda. Well and Benelli.

that's the truth! If those like obama didn't kill off American manufacturing the union made sure to finish it off.