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(Exempt) Obama: Offshore 'tax inversions' are unpatriotic
MSN ^ | 7/26/14

Posted on 07/26/2014 9:55:40 AM PDT by Libloather

Edited on 07/26/2014 9:57:18 AM PDT by Admin Moderator. [history]

WASHINGTON (AP) President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.

Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.


(Excerpt) Read more at news.msn.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: exempt; obama; taxes; unpatriotic
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How would the Kenyan know? (To think - Bill Ayers is still Hussein's best friend.)
1 posted on 07/26/2014 9:55:40 AM PDT by Libloather
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To: Libloather

Obama wouldn’t know patriotic unless it bit him in the ass, which I hope it soon does.


2 posted on 07/26/2014 9:59:44 AM PDT by Pearls Before Swine
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To: Libloather

Hey Obama, the companies didn’t make the rules.

If you want them back, make it in their best interest to come back. And I’m taking about a carrot not a stick.


3 posted on 07/26/2014 9:59:59 AM PDT by super7man (Oh why did I post that, now I'll never be able to run for Congress.)
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To: Libloather

Look up all the companies that support Obama. Most of the leftists grab at tax advantages when they can.

G.E. (owns CNBC) paid zero taxes.


4 posted on 07/26/2014 10:00:32 AM PDT by TigerClaws
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To: Libloather

Wasn’t it Ted Kennedy that started this legislation to protect his boot legging based trust fund.


5 posted on 07/26/2014 10:02:24 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: Libloather

Hmmm...stealing from taxpayers (most of which have stocks in their 401K’s with crippling, world’s-highest corporate tax rates), a high capital gains tax, forcing people to stay in your country (Berlin Wall, Soviet exit visas), and preventing re-investment in the US seems even more unpatriotic.


6 posted on 07/26/2014 10:03:14 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Libloather

In before the ‘bring jobs back. Just saaayyyin’.’


7 posted on 07/26/2014 10:06:52 AM PDT by deadrock (I am someone else.)
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To: Libloather

I guess the next step is for me to be all up in arms about the corporations not ‘paying their fair share’ so that I’ll forget all about that other unpatriotic issue of the open southern border.


8 posted on 07/26/2014 10:07:38 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Libloather

Rather than motor mouth, Obama should have his people research the loopholes he doesn’t like, and find out who wrote the legislation, who voted for it, and who signed it into law. THEN go on the attack!


9 posted on 07/26/2014 10:08:19 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Libloather

So many problems to fix, so little time.

I guess the taxpayers are going to have to buy King Barry a new refill for his pen.


10 posted on 07/26/2014 10:09:49 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Libloather
Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.

Straight out of Atlas Shrugged. Wesley Mouch and his ilk would be so very proud.

11 posted on 07/26/2014 10:11:16 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Libloather
Obie may know how to use a pen and a phone.... buts he still hasnt quite mastered using his HEAD.

since when were companies CITIZENS who could renounce citizenship???




12 posted on 07/26/2014 10:12:43 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill ...)
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To: Enterprise

What many fail to realize is that most of these companies have been calling themselves “multinationals” for years. They have expanded so much overseas that some have greater sales outside the US and larger profits overseas than the US. If you make 60% of your profit overseas...then you are better off being organized as a non-US company. Just the facts of life that the management and shareholders can’t ignore. Either the US changes their tax laws to be competitive, or they institute currency and capital controls that will just further make us into a Banana Republic...locking companies in and out of the country.
We are getting close now.


13 posted on 07/26/2014 10:13:38 AM PDT by Oldexpat
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To: Libloather; GeronL

He called President Boosh unpatriotic for increasing the debt by trillions.

He’s since admitted that he didn’t really give a sh!t and that it was pure partisan politics.

Obama lies like a Stalinist.

Worst example in his I HAVE A TAX speech is that he blames our declining military on these “unpatriotic” ‘tax cheats’. He’s decimated our military by willful design.

I loathe red diaper doper babies.


14 posted on 07/26/2014 10:18:52 AM PDT by a fool in paradise (Elian Gonzalez sought asylum and was sent back to Cuba, send these kids back to THEIR parents.)
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To: super7man

Next DNC talking point, companies that flee California to move to Texas are “unpatriotic”....


15 posted on 07/26/2014 10:19:27 AM PDT by a fool in paradise (Elian Gonzalez sought asylum and was sent back to Cuba, send these kids back to THEIR parents.)
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To: Libloather

Then lower the taxes, idiot.


16 posted on 07/26/2014 10:20:30 AM PDT by Fast Moving Angel (It is no more than a dream remembered, a Civilization gone with the wind.)
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To: Libloather

All the anti-business regulations spewing forth from the sitting president’s pen; all the anti-business rhetoric coming from any Democrat; all the regulations being sprung by the EPA; all of which are anti-American, and why?

The business of America has always been, before this decrepid Queer-In-Charge usurper, WAS BUSINESS, , and the making of money, which is why a lot of folks came here!


17 posted on 07/26/2014 10:20:37 AM PDT by Terry L Smith
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To: Libloather
He says companies are essentially renouncing their citizenship to avoid paying their fair share.

Notice how totalitarians always invoke "fair" when they are attempting to steal something? Fair only applies to sporting events. What applies here is law. And no entity is obligated to manage its affairs for the benefit of the government.

And by the way, what would Illegal Alien Obama know about the obligations of citizenship?!

18 posted on 07/26/2014 10:21:29 AM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: Libloather

if you want companies to come back, along with their capital and jobs while shoring up the banks, then remove ALL corporate taxes on funds left in the banks at the end of the year. if they pushed money to distribution, wages, or bonuses, then it would be taxed at that time. until then, it would sit in the bank or markets gathering interest and helping the economy.


19 posted on 07/26/2014 10:23:57 AM PDT by sten (fighting tyranny never goes out of style)
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To: Libloather
It's not even that. Nobody who makes anything can compete against cheap Asian labor. If you run a business making things, offshore to china, or your business will be doomed from the get-go. Your customers will demand it, your shareholders will demand it, and the banks you finance your operation through will demand it. That's how it works, understand? If you reduced corporate taxes to ZERO, those listed above would still demand that you offshore your operation, for the simple fact that you cannot compete against cheap foreign labor, period. As long as someone else in the world is willing to do YOUR job, for a fraction of your pay, you are considered expendable, and will be discarded for cheaper labor, period. That's how business works, so get used to it.
20 posted on 07/26/2014 10:24:03 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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