Posted on 03/12/2016 6:45:37 AM PST by snarkpup
Jobs to be bundled on a plane and flown to lower labour cost countries
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He highlighted a $1bn Japanese tax gain Big Blue has received, and pointed out that in the past the company had matched the proceeds from dispositions or IP sales with workforce restructuring expense.
America has the highest corporate tax rate in the industrialized world...
Also with TPP (Obamatrade) China will destroy all U.S. factories and U.S. industry in the next few years.
Only Trump will stop TPP and China
We really need Cruz’s VAT tax....
What does that have to do with this decision?
They were “deleted”
What does that have to do with this decision? And what has Trump, or any other candidate, proposed that would stop this?
Not to mention the high costs of ODoesntCare and the myriad of regulations it takes to run a business here.
Might have factored into bringing it about or making it worse.
You’re the second chap today who seems oblivious that waste is a harmful thing.
“America has the highest corporate tax rate in the industrialized world...”
Therefore any tax relief should be contingent on no more offshoring of jobs.
The purpose of a VAT tax, as opposed to an ordinary national sales tax, is to hide the tax inside the cost of goods so that the public blames evil companies for raising their prices instead of the government raising taxes.
Few people care until it’s their job. It’s a uniquely American trait.
No one else is even talking about this. Trump has for decades. Read his books and get a clue.
Yes, I know... I did not think I needed to add a sarcasm tag... It is beyond my ability to comprehend how a VAT tax is considered conservative in any way, shape, fashion, or form... But Ted Cruz advocates a VAT tax. And some people stupidly call him conservative.
No one else is even talking about this. Trump has for decades. Trump is right when he says we've rebuilt China. Read his books and get a clue.
How? If IBM signs a contract with XYZ company to outsource their IT for $1 million per year and it costs IBM $600,000 per year using U.S. resources to provide those services then that means IBM has a taxable profit of $400,000. Say, for the sake of argument, that the tax rate is 25% and IBM clears $300,000. If IBM ships the work overseas and it costs them $300,000 for the same work then they realize $700,000 from the contract. After taxes they realize $525,000 in profits. So where do taxes factor in? If the tax rate was lowered to 10% do you expect IBM to say "Now we can afford U.S. workers?" Or would you expect them to say "Cha-ching!" and leave the work offshore?
You’re the second chap today who seems oblivious that waste is a harmful thing.
I'm not sure I'm the oblivious one.
I.e. you see no point in easing up on things that have sent IBM offshore?
That sounds like self defeating punitiveness.
We might as well ask why wasn’t America “cha-ching” from the beginning?
Maybe there was an inborn ethical impulse to the contrary?
You appear to be the oblivious one.
So what's the solution? Flood the world with dollars and drive our currency down?
Your analogy would make sense except that IBM has competitors.
The U.S. does this, too. The U.S. dollar was in the sh!tter compared to most global currencies for more than a decade -- and it was all the result of the U.S. government printing money and underwriting loans to itself.
The only difference now is that a U.S. government bond that pays a 2% interest rate is a much better deal for investors than a Chinese bond that pays a 20% rate ... because the Chinese issue bonds in a currency that is basically worthless.
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