Posted on 02/01/2016 7:52:38 AM PST by Cats Pajamas
QUESTION: We have major corporations in this country--GE, Apple, many others-- that are salting money away offshore. Can't we use their patents as leverage to make them pay their taxes?
HILLARY CLINTON: Yes.
QUESTION: Is that possible?
HILLARY CLINTON: Yes, we can and we will. You know--
QUESTION: We should suspend their patents until they pay their taxes.
HILLARY CLINTON: You are right. You know, American companies have, I think, a couple trillion dollars stashed overseas. Now technically it's on their books, but they park it somewhere they don't want to pay their taxes. And I think we have to reform our whole tax code because the way it is working now it is driving companies away, and its driving companies to engage in all these really gimmicky tax games that they are playing. And we have to get a fair, consistent tax program so that corporations pay their fair share just like the wealthy, and that's what I'm going to try and do.
However, a one line reply like yours indicates something totally different. If you had given that explanation in your initial reply, it would have been more productive and conducive to discussion.
Hillary’s scheme makes no sense. The amount of U.S. taxes owed on corporate earnings held offshore is zero. Not unless the funds are transferred into the U.S. is there any tax liability. Therefore, suspending patent rights is a taking without any legal justification.
And she knows that because her specialty since being at the Rose Law Firm was/is patent infringement and intellectual property law.
How about suspending pay to fed employees who owe taxes?
Hillary’s campaigning for Trump now?
They want everyone out of business except themselves with all their policies.
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