Corporate inversions

[Votto]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

 

[shockedcanadian]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

Yes.

21% as long as loopholes are minimized is a fair tax rate. Citizens everywhere pay more than enough to ensure the infrastructure and benefits of a society but misuse, corruption and corporate gifts to those who don't need it have destroyed these benefits.

We need responsible management of resources not the extraction of more resources. I also believe in charity and those with means must indulge in charity and help others. G-d demands it.

 

[JackOfNoTrades]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

Trump's tax cut allowed corps to bring their billions home to buy back their stock. Time to stop romanticizing it. As it is one of the big reasons the deficit and debt have ballooned.

And let's just dispense with the whole trickle down effect of a lower corporate tax rate. That myth has been dispelled. And if you believe corps actually pay 22%..I've got a bridge for sale for you.

Legal Tax Strategies Used by Large U.S. Corporations

Learn how major corporations legally reduce U.S. tax liabilities using deductions, offshoring, and accelerated depreciation. Discover strategies to lower effective tax rates.

www.investopedia.com

 

[Moonglow]

https://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21

It's time to start talking about silly things other than Trump is Hitler or JD Vance is weird.

How is this for starters. What is corporate inversion? Corporate inversion is a—also called a tax inversion—process by which companies relocate their legal location overseas to reduce their income tax burden. Companies undertaking a corporate inversion usually select a country which has a lower tax rate than their home country.

Trump reduced the tax burden causing fewer companies to want to leave the US. Essentially, corporate inversion in the past has caused corporations to leave the US, which leaves fewer jobs to American and fewer tax dollars to the government. Trump decreased the tax burden from 35% to 21% as where the democrats want to raise taxes back to 35% and continue to process of gutting the US economy.

55 Corporations Paid $0 in Federal Taxes on 2020 Profits​

itep.org
https://itep.org › 55-profitable-corporations-zero-corpora...




Apr 2, 2021 — At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying ...

 

[Moonglow]

How much of a free ride do they need to make it in the USA?

 

[Votto]

Trump's tax cut allowed corps to bring their billions home to buy back their stock. Time to stop romanticizing it. As it is one of the big reasons the deficit and debt have ballooned.

And let's just dispense with the whole trickle down effect of a lower corporate tax rate. That myth has been dispelled. And if you believe corps actually pay 22%..I've got a bridge for sale for you.

Legal Tax Strategies Used by Large U.S. Corporations

Learn how major corporations legally reduce U.S. tax liabilities using deductions, offshoring, and accelerated depreciation. Discover strategies to lower effective tax rates.

www.investopedia.com

What is the alternative? The alternative is them leaving and becoming a foreign corporation with no tax dollars at all coming in and no jobs.

Keep in mind, the whole corporate model is government created, something you Left wingers refuse to acknowledge, so it stands to reason there will be problems with it, as there is everything government does. The question is, what creates the least number of problems. Stop worshiping Stalinist ideology.

 

[scruffy]

How much of a free ride do they need to make it in the USA?

Typical leftard commie bullshit

Corporations (especially big ones) create JOBS which are the lifeblood of the US tax economy.

Don't you know anything about anything?

 

[Moonglow]

Typical leftard commie bullshit

Corporations (especially big ones) create JOBS which are the lifeblood of the US tax economy.

Don't you know anything about anything?

Yes, being a business owner operator for over thirty years I too paid no taxes and got a cash refund check.
How much of a free ride does one need to be able to exist?

 

[JackOfNoTrades]

What is the alternative? The alternative is them leaving and becoming a foreign corporation with no tax dollars at all coming in and no jobs.

Keep in mind, the whole corporate model is government created, something you Left wingers refuse to acknowledge, so it stands to reason there will be problems with it, as there is everything. The question is, what creates the least number of problems. Stop worshiping Stalinist ideology.

First, we can penalize them for shipping jobs overseas. I mean. For real this time. Most corps have divisions and subsidiaries in other countries. But we can make it hurt.
This country survived on a 32% corporate tax rate for years...and we did quite well.

This is still a pretty decent paper.

Shipping Jobs Overseas: How the Tax Code Subsidizes Foreign Investment and How to Fix It

James Kvaal* Income earned in tax havens and other low-tax countries should be fully taxed by the U.S. Such a system would greatly reduce incentives to invest overseas, reward countries that adopt …

journals.law.harvard.edu

 

[Toddsterpatriot]

Trump's tax cut allowed corps to bring their billions home to buy back their stock. Time to stop romanticizing it. As it is one of the big reasons the deficit and debt have ballooned.

And let's just dispense with the whole trickle down effect of a lower corporate tax rate. That myth has been dispelled. And if you believe corps actually pay 22%..I've got a bridge for sale for you.

Legal Tax Strategies Used by Large U.S. Corporations

Learn how major corporations legally reduce U.S. tax liabilities using deductions, offshoring, and accelerated depreciation. Discover strategies to lower effective tax rates.

www.investopedia.com

Trump's tax cut allowed corps to bring their billions home to buy back their stock.

It's awful when Americans sell their stock at a profit.
What did those people do with the billions they got?

And if you believe corps actually pay 22%..I've got a bridge for sale for you.

21%. Why don't you feel they pay at that rate?

 

[Toddsterpatriot]

55 Corporations Paid $0 in Federal Taxes on 2020 Profits​

View attachment 986796
itep.org
https://itep.org › 55-profitable-corporations-zero-corpora...




Apr 2, 2021 — At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying ...

What was their net income in 2020?