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So this advantage hurts the small businesses that operate solely here in the USA without the ability to go overseas.
Also, every job that moves overseas, is a job lost in the USA.... that isn't good for anyone, in the LONG RUN.
what kind of OWNERS?Also, every job that moves overseas, is a job lost in the USA.... that isn't good for anyone, in the LONG RUN.
dear, the issue is, do owners benefit from offshoring??
what kind of OWNERS?Also, every job that moves overseas, is a job lost in the USA.... that isn't good for anyone, in the LONG RUN.
dear, the issue is, do owners benefit from offshoring??
Stock owners in a corporation or independent owners of a small business? Or something in between?
no, because competitors move off shore too thus competition drives profit down to where it was in the USA. A seemingly simple point, but nevertheless, well above the liberal IQ, sadly.
It gives an advantage to big business, who can have an entire department within their corporations dedicated to acquiring Letter of Credits for the overseas purchases and also an entire team of Americans parked in the foreign nation to oversea the production and quality control of the manufacturer making their goods.
So this advantage hurts the small businesses that operate solely here in the USA without the ability to go overseas themselves for cheaper goods....and they accounted for 80% of our employers at one time....probably less now, and even lesser as time goes on.
Also, every job that moves overseas, is a job lost in the USA.... that isn't good for anyone, in the LONG RUN.
I'm not certain on this, but I believe I read at one time, that if the American Company creates a subsidiary overseas, and puts or leaves their company profits there, instead of bringing them home, their profit is not taxed.Hutch, explain the tax haven please.
Your premise is as empty as saying investments in technology don't benefit owners, because everyone else invests in technology and the advantage is short lived. Investments and offshoring benefit the first-mover owners with a short lived advantage. It benefits the late-mover owners by keeping them competitive.
Ed, if you had any actual entrepreneurial experience, you would understand this.
Hutch, explain the tax haven please.
I'm not certain on this, but I believe I read at one time, that if the American Company creates a subsidiary overseas, and puts or leaves their company profits there, instead of bringing them home, their profit is not taxed.Hutch, explain the tax haven please.
And what this does is keep companies searching for the next foreign place to make their goods....to avoid taxes by using this loophole....a loophole that makes US Citizen workers appear and be, more expensive...when it truly isn't worker salaries in the USA, but the new tax loop hole of...when manufacturing in foreign countries, their profits are not taxed.
I could be wrong on this so I will let Hutch or anyone else, correct me!!!
I'm not certain on this, but I believe I read at one time, that if the American Company creates a subsidiary overseas, and puts or leaves their company profits there, instead of bringing them home, their profit is not taxed.Hutch, explain the tax haven please.
And what this does is keep companies searching for the next foreign place to make their goods....to avoid taxes by using this loophole....a loophole that makes US Citizen workers appear and be, more expensive...when it truly isn't worker salaries in the USA, but the new tax loop hole of...when manufacturing in foreign countries, their profits are not taxed.
I could be wrong on this so I will let Hutch or anyone else, correct me!!!
You are correct!
ty, interesting article...the last paragraph also talks about other loopholes!Hutch, explain the tax haven please.
Untaxed U.S. corporate profits held overseas top $2.1 trillion: study | Reuters
Your premise is as empty as saying investments in technology don't benefit owners, because everyone else invests in technology and the advantage is short lived. Investments and offshoring benefit the first-mover owners with a short lived advantage. It benefits the late-mover owners by keeping them competitive.
Ed, if you had any actual entrepreneurial experience, you would understand this.
dear, please think before you post!! I got my patents to legalize a competitive technological advantage and, in effect, higher profits for 20 years. Merely moving production to China for the same cheap labor available to all competitors yields no competitive advantage or additional profits but does lower price to customers.
Now do you understand??
yes and by moving to China they reduce labor costs but then competition forces them to lower prices so there is no net benefit to stock holders.companies want to eliminate, as best as possible, Cost of Operations.
I'm not certain on this, but I believe I read at one time, that if the American Company creates a subsidiary overseas, and puts or leaves their company profits there, instead of bringing them home, their profit is not taxed.Hutch, explain the tax haven please.
And what this does is keep companies searching for the next foreign place to make their goods....to avoid taxes by using this loophole....a loophole that makes US Citizen workers appear and be, more expensive...when it truly isn't worker salaries in the USA, but the new tax loop hole of...when manufacturing in foreign countries, their profits are not taxed.
I could be wrong on this so I will let Hutch or anyone else, correct me!!!
You are correct!
US companies pay corporate tax in the country where money is earned, then if they bring profits home they pay the US tax too( highest tax in the world).
This is obviously very very stupid and liberal since it drives companies and jobs off shore and keeps them there.
The obvious solution is to eliminate the tax so American corporations would come home with their money and jobs, and so foreign corporations would come here too with their money and jobs.
Liberals are very very stupid and Marxist and so hell bent on punishing our corporations so they stupidly drive them away.
yes and by moving to China they reduce labor costs but then competition forces them to lower prices so there is no net benefit to stock holders.companies want to eliminate, as best as possible, Cost of Operations.
Now do you understand??
