How trade deficits reduce their nation’s annual GDPs and numbers of jobs.

Discussion in 'Economy' started by Supposn, May 7, 2017.

  1. Supposn
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    Supposn VIP Member

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    Edward Baiamonte, you’re pulling my chain? You cannot be as ignorant, illogical, and foolish as your posts pretend you to be.

    If that’s so, you’re hopeless. Supposn
     
  2. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    Supposin: Most people that are aware of the German political party’s actual name, the National Socialist German Workers' Party, aka Nationalsozialist Party, aka Nazi Party, consider that name to be ironic.

    Edward: if you have evidence I of the above I will pay you $10,000. Bet??
     
  3. danielpalos
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    There is no, "destination" based on anything. There should be simply, only a tax preference for US labor for US firms, regardless of expatriation.
     
  4. Supposn
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    Supposn VIP Member

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    These links are the consequence of some casual googling.

    I’d be delighted if Edward Baiamonte could manage to send $20 to the American Red Cross for disaster relief purposes. If he would do that, it would be more than I expect of him; he’s hopeless.
    Respectfully, Supposn
    /////////////////////////////////////
    http://www.telegraph.co.uk/history/...-dynasty-breaks-silence-over-Nazi-past.html11

    Nazis helped Bosch, Mercedes, Deutsche Bank and VW get rich using slaves | Daily Mail Online

    10 Popular Companies that Profited in Nazi Concentration Camps – TIP

    Books of The Times; Daimler-Benz and Its Nazi History

    Current Major Companies that Helped the Nazi War Effort

    Refer to the Wikipedia articles article for individual citations.

    Flick Trial - Wikipedia

    IG Farben Trial - Wikipedia

    Category:Companies involved in the Holocaust - Wikipedia

    Excepted from:
    IG Farben - Wikipedia :

    Of the 24 directors of IG Farben indicted in the so-called IG Farben Trial (1947–1948) before a U.S. military tribunal at the subsequent Nuremberg Trials, 13 were sentenced to prison terms between one and eight years, but most were quickly released and several became senior industry executives in the post-war companies that split off from IG Farben and other companies.

    Some of the people who served prison sentences but later became leaders in post war-companies include:
    Hermann Schmitz, who became a member of the supervisory board for the Deutsche Bank in Berlin and honorary chairman of the supervisory board of Rheinische Stahlwerke AG [21]

    Georg von Schnitzler, serving as president of the Deutsch-Ibero-Amerikanische Gesellschaft [22]

    Fritz ter Meer, becoming chairman of the supervisory board of Bayer AG and a supervisory board member of several firms [23]
    Otto Ambros, holding seats on supervisory boards Chemie Grünenthal (being active during the Contergan scandal), Feldmühle, and Telefunken, and working as an economic consultant in Mannheim [24]

    Heinrich Bütefisch, becoming a member of the supervisory boards for Deutsche Gasolin AG, Feldmühle, and Papier- und Zellstoffwerke AG, and consulting with Ruhrchemie AG Oberhausen and subsequently joining its supervisory board.[25]

    Max Ilgner, becoming the chairman of the executive board of a chemistry firm in Zug [26]

    Heinrich Oster, becoming a member of the supervisory board of Gelsenberg AG.[27]
     
  5. Supposn
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    DanielPalos, some House Republicans led by Paul Ryan are proposing our corporate income tax regulations should no longer grant tax deductions due to expenditures to purchase or have produced goods or service products beyond our borders or to import such products into the USA.

    But although the importing enterprises cannot write off the costs of their imports as a reduction of their taxable incomes, their entire revenues from sales, trades, or uses, or otherwise benefitting from those imports in the USA are taxable incomes.

    The problem as I see it is, how can the IRS determine if any portion of an enterprises’ expenditures went directly or indirectly beyond our borders, and what portion of intermingled expenses might have been to pay for foreign goods or services?

    What you’re advocating is EXACTLY what Paul Ryan’s advocating; THAT’s “destination based (income) tax”.

    It makes no sense to disallow payments for foreign labor unless you disallow tax write-offs for ALL imported goods and services. (Even if a foreign representative is performing customer service tasks on behalf of the USA enterprise, and never themselves enter the USA, that’s in effect an imported service product).

    Respectfully, Supposn
     
  6. Supposn
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    DanielPalos, you refer to expatriated enterprises as if that’s consequential to this discussion; it is not of significance.

    An expatriated enterprise is not a USA enterprise. They’re a separate entity headquarted beyond USA borders and not subject to federal jurisdiction.
    I suppose it’s conceivable to do business in the USA and not be a USA enterprise, but there are difficulties to doing so.
    Foreign enterprises doing business in the USA generally operate through an associated USA enterprise or they establish their own USA subsidiary enterprise. That’s the enterprise that’s under federal jurisdiction.

    To the extent that any entity operates or earns income in the USA, regardless of nationality, their opertions, incomes or revenues may, and generally are subject to federal jurisdiction.

    Respectfully, Supposn
     
  7. danielpalos
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    Not sure why you believe that. Only US labor should qualify US employers for a US tax break on US labor costs.
     
  8. Indeependent
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    You haven't ignored that retard yet?
     
  9. EdwardBaiamonte
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    If you have any idea what your point is with that ridiculously long rant would you please share it with us?
     
  10. Supposn
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    Transcribed from 12:13 PM, 12May2017 post:
    Daniel Palos, you’re advocating exactly what some of the Republican leadership are advocating, (i.e. “destination based” taxation).
    I FULLY AGREE WITH YOUR GOAL. I doubt if the method that Paul Ryan and some Republicans are proposing is feasibly enforceable.
    I question if there’s any method to accomplish “destination based taxation” that is feasibly enforceable and does not further stretch IRS’s efforts to respect liberty and privacy of individuals and their enterprises?

    It's really is that simple. You’re disregarding the question of enforceability.
    Respectfully, Supposn
     

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