Posted on 09/23/2014 8:46:25 AM PDT by Sean_Anthony
U.S. companies face a kind of double taxation--taxing both domestic and foreign earned corporate income--and we are the only major industrial nation to do this to our businesses
New Inversion Rules Seek to Punish Businesses, Not Raise Revenue
The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an “inversion”. The rules take immediate effect.
Interestingly enough, when Obama began his crusade against inversions earlier this summer, Secretary of the Treasury Jack Lew was adamant enough that rules changes must originate in Congress, he wrote a letter to Congress and he penned an Op-Ed about it in for the Washington Post, both in July. From the Op-Ed:
(Excerpt) Read more at canadafreepress.com ...
So the Treasury Dept. now makes policy?
They are just the department most recently added to the list.
Exactly. How does this happen?
The Department of the Treasury announced last night that it has implemented new rules...
I thought we elected politicians to make rules and set policy. Yet, look at what the IRS, EPA, HHS, DOE, and other agencies are doing. If politicians aren't writing the rules, what the hell do we need them for, anyway? Perhaps it's time to fire the lot of them.
Title looks misleading.
I read the article at the link and it cited no ‘new rules’.
It talked about potential congressional legislation.
Exactly. This administration, like all marxists, wants to control all the means of production.
Look for corporations and rich individuals to accelerate their exodus. This is a really great policy, for Canada.
Corporations always hire the smartest people-
US Govt always hires the dumbest people-
Guess who`s gonna outsmart whom?
Has anyone seen the new ‘rules’?
Typical Obamanomics. Punish your enemies and reward your friends.
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