How Sweden fights inequality: not by taxing the rich

[Dad2three]

Why would Corps who make 90%+ of the Corp profits IN THE USA need to HQ offshore,

90%????The company said: ‘Cisco pays all taxes that are due. The cash held in Cisco’s non-US subsidiaries is generated from Cisco’s international operations. Cisco has approximately 50% of its employees outside the US and Cisco’s sales are approximately 50% from non-US customers.

One company? Well dam,n that proves it, lol

 

[Dad2three]

40% when you count state taxes. see why we say slow?

Really? lol

Weird, Obama offered to cut it to 28% and get rid of loopholes that drive it to EFFECTIVE rates of 12%, of course the party of no stuck to their guns!

 

[Avorysuds]

The vast majority of liberals coun;t even immigrate to Sweden, they generally don't take poor or middle class immigrants.

 

[EdwardBaiamonte]

40% when you count state taxes. see why we say slow?

Really? lol

Weird, Obama offered to cut it to 28% and get rid of loopholes that drive it to EFFECTIVE rates of 12%, of course the party of no stuck to their guns!

Too stupid!!
even a 28 percent tax rate would still be the third-highest tax rate in the developed world, slightly better than the rates in France and Japan. Others assert that the Obama administration is picking favorites in the private sector by proposing to provide tax breaks for certain industries.


Despite those disagreements, Republicans and Democrats have shown support for a tax strategy that reduces rates across the board while eliminating special-interest loopholes.

 

[Dad2three]

40% when you count state taxes. see why we say slow?

Really? lol

Weird, Obama offered to cut it to 28% and get rid of loopholes that drive it to EFFECTIVE rates of 12%, of course the party of no stuck to their guns!

Too stupid!!
even a 28 percent tax rate would still be the third-highest tax rate in the developed world, slightly better than the rates in France and Japan. Others assert that the Obama administration is picking favorites in the private sector by proposing to provide tax breaks for certain industries.


Despite those disagreements, Republicans and Democrats have shown support for a tax strategy that reduces rates across the board while eliminating special-interest loopholes.

AGAIN dummy, as I showed you, the VAST majority of Corp profits are made in the USA Your wingnutterry aside, shut the fukkkk up

 

[EdwardBaiamonte]

the VAST majority of Corp profits are made in the USA

so???? can you tell us what point you are trying to make??

The Commerce Department last week estimated that corporations earned $2.1 trillion during 2013, and paid $419 billion in corporate taxes


Untaxed U.S. corporate profits held overseas top $2.1 trillion: study ...
www.reuters.com/.../us-usa-tax-offshore-idUSBREA3729V20140409
‎
Apr 8, 2014 ... WASHINGTON (Reuters) - Foreign profits held overseas by U.S. ... Some favorkilling the law, known as offshore corporate income tax deferral,

 

[Dad2three]

the VAST majority of Corp profits are made in the USA

so???? can you tell us what point you are trying to make??

The Commerce Department last week estimated that corporations earned $2.1 trillion during 2013, and paid $419 billion in corporate taxes


Untaxed U.S. corporate profits held overseas top $2.1 trillion: study ...
www.reuters.com/.../us-usa-tax-offshore-idUSBREA3729V20140409
‎
Apr 8, 2014 ... WASHINGTON (Reuters) - Foreign profits held overseas by U.S. ... Some favorkilling the law, known as offshore corporate income tax deferral,

AND? Let me guess, we should give those Corp tax evaders ANOTHER 5% tax RATE like Dubya did in 2004 right? How'd that turn out Bubba?

Right Wing Heritage Foundation



Would Another Repatriation Tax Holiday Create Jobs?

The evidence clearly shows that these repatriated earnings did not increase domestic investment, job creation, or research and development (R&D). As the authors of the leading paper on the subject concluded in 2010, “repatriations did not lead to an increase in domestic investment, domestic employment, or R&D.”

Instead, estimates indicate that a $1 increase in repatriations was associated with a $0.60–$0.92 increase in payouts to shareholders—despite regulations stating that such expenditures were not a permitted use of repatriations qualifying for the tax holiday. The results indicate the U.S. multinationals were not financially constrained and were reasonably well-governed. The fungibility of money appears to have undermined the effectiveness of the regulations.

YES, EVEN RIGHT WING HERITAGE RECOGNIZES GIVING ANOTHER TAX HOLIDAY WILL COST US JOBS



Would Another Repatriation Tax Holiday Create Jobs


The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending,

The report warned against repeating the tax break, calling the 2004 effort "a failed tax policy" that cost the U.S. Treasury $3.3 billion in estimated lost revenues over 10 years and led to U.S. companies directing more funds offshore. U.S.-based multinationals often defer bringing back profits earned abroad to avoid paying U.S. taxes on them.

The 15 companies that repatriated the most after the 2004 tax break on the return of overseas profits later cut a net 20,931 jobs between 2004 and 2007 and slightly decreased the pace of their spending on research and development, found the report surveying 19 companies' activity.

http://online.wsj.com/articles/SB10001424052970203633104576623771022129888



A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad.


Studies released last week by two think tanks said the 2004-2005 tax break did little or nothing to boost the economy or create jobs, despite promises that it would. They said that another such tax break would likely have the same outcome, going to bonuses and dividends rather than new investments.

One of the studies came from the left-leaning Institute for Policy Studies; the other from the conservative Heritage Foundation in an unusual meeting of the minds.


Foreign profit tax break was costly bomb report Reuters


WILL YOU GROW A BRAIN?

 

[EdwardBaiamonte]

the VAST majority of Corp profits are made in the USA

so???? can you tell us what point you are trying to make??

The Commerce Department last week estimated that corporations earned $2.1 trillion during 2013, and paid $419 billion in corporate taxes


Untaxed U.S. corporate profits held overseas top $2.1 trillion: study ...
www.reuters.com/.../us-usa-tax-offshore-idUSBREA3729V20140409
‎
Apr 8, 2014 ... WASHINGTON (Reuters) - Foreign profits held overseas by U.S. ... Some favorkilling the law, known as offshore corporate income tax deferral,

AND? Let me guess, we should give those Corp tax evaders ANOTHER 5% tax RATE like Dubya did in 2004 right? How'd that turn out Bubba?

Right Wing Heritage Foundation



Would Another Repatriation Tax Holiday Create Jobs?

The evidence clearly shows that these repatriated earnings did not increase domestic investment, job creation, or research and development (R&D). As the authors of the leading paper on the subject concluded in 2010, “repatriations did not lead to an increase in domestic investment, domestic employment, or R&D.”

Instead, estimates indicate that a $1 increase in repatriations was associated with a $0.60–$0.92 increase in payouts to shareholders—despite regulations stating that such expenditures were not a permitted use of repatriations qualifying for the tax holiday. The results indicate the U.S. multinationals were not financially constrained and were reasonably well-governed. The fungibility of money appears to have undermined the effectiveness of the regulations.

YES, EVEN RIGHT WING HERITAGE RECOGNIZES GIVING ANOTHER TAX HOLIDAY WILL COST US JOBS



Would Another Repatriation Tax Holiday Create Jobs


The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending,

The report warned against repeating the tax break, calling the 2004 effort "a failed tax policy" that cost the U.S. Treasury $3.3 billion in estimated lost revenues over 10 years and led to U.S. companies directing more funds offshore. U.S.-based multinationals often defer bringing back profits earned abroad to avoid paying U.S. taxes on them.

The 15 companies that repatriated the most after the 2004 tax break on the return of overseas profits later cut a net 20,931 jobs between 2004 and 2007 and slightly decreased the pace of their spending on research and development, found the report surveying 19 companies' activity.

http://online.wsj.com/articles/SB10001424052970203633104576623771022129888



A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad.


Studies released last week by two think tanks said the 2004-2005 tax break did little or nothing to boost the economy or create jobs, despite promises that it would. They said that another such tax break would likely have the same outcome, going to bonuses and dividends rather than new investments.

One of the studies came from the left-leaning Institute for Policy Studies; the other from the conservative Heritage Foundation in an unusual meeting of the minds.


Foreign profit tax break was costly bomb report Reuters


WILL YOU GROW A BRAIN?

dear, corporations don't pay taxes, they collect them in the form of higher prices.
A tax cost like any cost is reflected in the price you pay. We have the tax only to pander to the pure ignorance of liberals.

Do you understand?

 

[Dad2three]

the VAST majority of Corp profits are made in the USA

so???? can you tell us what point you are trying to make??

The Commerce Department last week estimated that corporations earned $2.1 trillion during 2013, and paid $419 billion in corporate taxes


Untaxed U.S. corporate profits held overseas top $2.1 trillion: study ...
www.reuters.com/.../us-usa-tax-offshore-idUSBREA3729V20140409
‎
Apr 8, 2014 ... WASHINGTON (Reuters) - Foreign profits held overseas by U.S. ... Some favorkilling the law, known as offshore corporate income tax deferral,

AND? Let me guess, we should give those Corp tax evaders ANOTHER 5% tax RATE like Dubya did in 2004 right? How'd that turn out Bubba?

Right Wing Heritage Foundation



Would Another Repatriation Tax Holiday Create Jobs?

The evidence clearly shows that these repatriated earnings did not increase domestic investment, job creation, or research and development (R&D). As the authors of the leading paper on the subject concluded in 2010, “repatriations did not lead to an increase in domestic investment, domestic employment, or R&D.”

Instead, estimates indicate that a $1 increase in repatriations was associated with a $0.60–$0.92 increase in payouts to shareholders—despite regulations stating that such expenditures were not a permitted use of repatriations qualifying for the tax holiday. The results indicate the U.S. multinationals were not financially constrained and were reasonably well-governed. The fungibility of money appears to have undermined the effectiveness of the regulations.

YES, EVEN RIGHT WING HERITAGE RECOGNIZES GIVING ANOTHER TAX HOLIDAY WILL COST US JOBS



Would Another Repatriation Tax Holiday Create Jobs


The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending,

The report warned against repeating the tax break, calling the 2004 effort "a failed tax policy" that cost the U.S. Treasury $3.3 billion in estimated lost revenues over 10 years and led to U.S. companies directing more funds offshore. U.S.-based multinationals often defer bringing back profits earned abroad to avoid paying U.S. taxes on them.

The 15 companies that repatriated the most after the 2004 tax break on the return of overseas profits later cut a net 20,931 jobs between 2004 and 2007 and slightly decreased the pace of their spending on research and development, found the report surveying 19 companies' activity.

http://online.wsj.com/articles/SB10001424052970203633104576623771022129888



A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad.


Studies released last week by two think tanks said the 2004-2005 tax break did little or nothing to boost the economy or create jobs, despite promises that it would. They said that another such tax break would likely have the same outcome, going to bonuses and dividends rather than new investments.

One of the studies came from the left-leaning Institute for Policy Studies; the other from the conservative Heritage Foundation in an unusual meeting of the minds.


Foreign profit tax break was costly bomb report Reuters


WILL YOU GROW A BRAIN?

dear, corporations don't pay taxes, they collect them in the form of higher prices.
A tax cost like any cost is reflected in the price you pay. We have the tax only to pander to the pure ignorance of liberals.

Do you understand?

Got it, so your entire premise of Corps paying the highest tax rates in the world, was totally bogus. Thanks for admitting that

BTW, Economists and groups like CBO and Treasury dispute your claim, they say a larger share of Corp taxes falls on CAPITAL owners. lol

 

[Dad2three]

the VAST majority of Corp profits are made in the USA

so???? can you tell us what point you are trying to make??

The Commerce Department last week estimated that corporations earned $2.1 trillion during 2013, and paid $419 billion in corporate taxes


Untaxed U.S. corporate profits held overseas top $2.1 trillion: study ...
www.reuters.com/.../us-usa-tax-offshore-idUSBREA3729V20140409
‎
Apr 8, 2014 ... WASHINGTON (Reuters) - Foreign profits held overseas by U.S. ... Some favorkilling the law, known as offshore corporate income tax deferral,

AND? Let me guess, we should give those Corp tax evaders ANOTHER 5% tax RATE like Dubya did in 2004 right? How'd that turn out Bubba?

Right Wing Heritage Foundation



Would Another Repatriation Tax Holiday Create Jobs?

The evidence clearly shows that these repatriated earnings did not increase domestic investment, job creation, or research and development (R&D). As the authors of the leading paper on the subject concluded in 2010, “repatriations did not lead to an increase in domestic investment, domestic employment, or R&D.”

Instead, estimates indicate that a $1 increase in repatriations was associated with a $0.60–$0.92 increase in payouts to shareholders—despite regulations stating that such expenditures were not a permitted use of repatriations qualifying for the tax holiday. The results indicate the U.S. multinationals were not financially constrained and were reasonably well-governed. The fungibility of money appears to have undermined the effectiveness of the regulations.

YES, EVEN RIGHT WING HERITAGE RECOGNIZES GIVING ANOTHER TAX HOLIDAY WILL COST US JOBS



Would Another Repatriation Tax Holiday Create Jobs


The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending,

The report warned against repeating the tax break, calling the 2004 effort "a failed tax policy" that cost the U.S. Treasury $3.3 billion in estimated lost revenues over 10 years and led to U.S. companies directing more funds offshore. U.S.-based multinationals often defer bringing back profits earned abroad to avoid paying U.S. taxes on them.

The 15 companies that repatriated the most after the 2004 tax break on the return of overseas profits later cut a net 20,931 jobs between 2004 and 2007 and slightly decreased the pace of their spending on research and development, found the report surveying 19 companies' activity.

http://online.wsj.com/articles/SB10001424052970203633104576623771022129888



A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad.


Studies released last week by two think tanks said the 2004-2005 tax break did little or nothing to boost the economy or create jobs, despite promises that it would. They said that another such tax break would likely have the same outcome, going to bonuses and dividends rather than new investments.

One of the studies came from the left-leaning Institute for Policy Studies; the other from the conservative Heritage Foundation in an unusual meeting of the minds.


Foreign profit tax break was costly bomb report Reuters


WILL YOU GROW A BRAIN?

dear, corporations don't pay taxes, they collect them in the form of higher prices.
A tax cost like any cost is reflected in the price you pay. We have the tax only to pander to the pure ignorance of liberals.

Do you understand?

So NOTHING about Corps hiding $2+ trillion off shore huh? lol

 

[EdwardBaiamonte]

Got it, so your entire premise of Corps paying the highest tax rates in the world, was totally bogus. Thanks for admitting that

why bogus, they pay the tax after they have collected it from fool liberals like you who are too stupid to know you are paying for it exactly as you pay the costs of anything you buy.

 

[EdwardBaiamonte]

So NOTHING about Corps hiding $2+ trillion off shore huh? lol

too stupid, public corporations cant hide anything. They openly keep money off shore and invest it there creating jobs etc there rather than bringing it back and paying taxes on it!
Do you understand now?