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US Cracks Down on Companies Moving Overseas
ABC News ^ | September 22, 2014 | By JOSH LEDERMAN and JIM KUHNHENN

Posted on 09/22/2014 4:15:26 PM PDT by Oldeconomybuyer

The Obama administration cracked down Monday on so-called tax inversions, aiming to curb a spate of American companies shifting overseas in an attempt to shirk paying U.S. taxes.

New regulations from the Treasury Department will make inversions less lucrative by barring creative techniques that companies use to lower their tax bill. Additionally, the U.S. will make it harder for companies to move overseas in the first place by tightening the ownership requirements they must meet.

"This action will significantly diminish the ability of inverted companies to escape U.S. taxation," Treasury Secretary Jacob Lew said. He added that for some companies considering inversions, the new measures would mean inverting would "no longer make economic sense."

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: capitalism; freemarket; irscurtain; noconstitution
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To: Lazamataz

Your tagline is absolutely correct. So correct it makes me wonder if we should have propped them up to keep from becoming them.


21 posted on 09/22/2014 4:27:38 PM PDT by samtheman
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To: Oldeconomybuyer

exactly right

Rightly or wrongly, these things need to be reviewed by all parties before they are implemented.

I happen to disagree with this stridently.

Why does Congress allow this prick to get away with this stuff.

Earth to Boehner, you and the House can defund anything you want unilaterally without the U. S. Senate or the President.

Wake the hell up!


22 posted on 09/22/2014 4:27:58 PM PDT by DoughtyOne (Obama and the Left are maggots feeding off the flesh of the United States.)
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To: 2ndDivisionVet

I doubt there’s a rino running who will do anything to change what Obama has done.


23 posted on 09/22/2014 4:29:34 PM PDT by VerySadAmerican (Liberals were raised by women or wimps. And they're all stupid.)
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To: DoughtyOne

congress, once again, proves that it is feckless. We live in a tyranny with crony capitalism leading the way. Sickening.


24 posted on 09/22/2014 4:30:12 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Oldeconomybuyer

Any doubt we are a dictatorship now?


25 posted on 09/22/2014 4:30:20 PM PDT by Logical me
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To: Oldeconomybuyer

Yes.


26 posted on 09/22/2014 4:31:04 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Oldeconomybuyer

F the US alleged leader.


27 posted on 09/22/2014 4:34:32 PM PDT by boomop1
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To: Oldeconomybuyer
Didn't I read this before somewhere?

Oh, yeah.

Atlas Shrugged

28 posted on 09/22/2014 4:34:53 PM PDT by Washi
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To: Oldeconomybuyer

Unintended Consequences be damned!


29 posted on 09/22/2014 4:35:00 PM PDT by stocksthatgoup (Turning the Party over to the so-called moderates wouldnÂ’t make any sense at all." -- Pres. Reagan)
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To: samtheman
Your tagline is absolutely correct. So correct it makes me wonder if we should have propped them up to keep from becoming them.

Seems that way, in retrospect. So long as the Soviet Union existed, there was something to oppose. Now, there isn't, so we seemingly felt free to become what they were.

30 posted on 09/22/2014 4:36:10 PM PDT by Lazamataz (First we beat the Soviet Union. Then we became them.)
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To: Oldeconomybuyer

Confiscation of the property of all emigrants and rebels....

Plank number 4 of the 10 concepts in the communist manifesto. Right after ending rights to inheritance, and right before centralizing credit into a central government entity. Just saying,,


31 posted on 09/22/2014 4:38:07 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: Oldeconomybuyer

This will drive start-up companies away before they fall into the grasp of the greedy ba****ds in Washington.


32 posted on 09/22/2014 4:38:28 PM PDT by Iron Munro ("If you want to test a man's character, give him power." -- Abraham Lincoln)
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To: Oldeconomybuyer

Brilliant.

Liberals are idiots.


33 posted on 09/22/2014 4:39:45 PM PDT by headstamp 2
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To: Oldeconomybuyer; Man50D; Principled; EternalVigilance; phil_will1; kevkrom; Bigun; PeteB570; FBD; ..

We all knew it was coming, didn’t we?

Are we ready for the FairTax yet?

The income tax and the IRS are about slavery!

The FairTax is about FReedom!

Wake up, America!

http://www.fairtax.org


34 posted on 09/22/2014 4:41:03 PM PDT by Taxman (I am mad as Hell and I am not going to take it any more!)
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To: Lazamataz
Da. Ваш слоган лучше.
35 posted on 09/22/2014 4:42:26 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: VerySadAmerican

36 posted on 09/22/2014 4:43:08 PM PDT by 2ndDivisionVet (The question isn't who is going to let me; it's who is going to stop me.)
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To: hal ogen

Preventing corporations from going overseas seems to be the opposite of crony capitalism. Isn’t it?


37 posted on 09/22/2014 4:44:33 PM PDT by DoughtyOne (Obama and the Left are maggots feeding off the flesh of the United States.)
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To: Washi

Americans are now so wussified that a LIEberal/Socialist/Marxist/Fascist administration can have its way with us without any resistance at all!

Ayn Rand got it right!


38 posted on 09/22/2014 4:46:53 PM PDT by Taxman (I am mad as Hell and I am not going to take it any more!)
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To: Oldeconomybuyer
fas·cism
noun \ˈfa-ˌshi-zəm also ˈfa-ˌsi-\

: a way of organizing a society in which a government ruled by a dictator controls the lives of the people and in which people are not allowed to disagree with the government

The government control of privately owned business through regulations and intimidation.

39 posted on 09/22/2014 4:47:21 PM PDT by DaveyB ("When injustice becomes the law; rebellion becomes duty." - Thomas Jefferson)
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To: Oldeconomybuyer

Congress has for many decades unconstitutionally given many alphabet agencies the ability to create regulations with the weight of law.


40 posted on 09/22/2014 4:49:33 PM PDT by Blood of Tyrants (The cure has become worse than the disease. Support an end to the WOD now.)
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