avoidance is NOT illegal... EVASION is!!!Taxes.
Tax avoidance is a virtue.
“Who is John Galt?”
avoidance is NOT illegal... EVASION is!!!If its so important to you,
Then, put your money at risk, form a business,
And hire workers. Good luck!
Forcing companies to stay in America is just a breath away from erecting our own “Berlin Wall” and denying emigration to those thirsting for freedom.
Boston Tea Party without the tea, the ships, or the harbor.
Conservatives blame government. You blame industry.
The answer is simple. Just let the government control all business. Then they can force businesses to stay in the country. Problem solved!
If the U.S. government applies high tax levels then the companies have to reduce costs to stay competitive and this may mean they move factories overseas. If enough companies do this maybe the liberals will get the message. The blame for this lies with excessive taxation by government not with companies.
Nobody seems to want to ask the RIGHT questions regarding this matter:
Which ELECTED OFFICIAL inserted this LAW into what BILL??
WHY??
Which of their BENEFACTORS (companies that pay them Bribe Money) Benefitted from this LAW Immediately.??
If you were to follow the money you will find that this was done at the behest of no more than a few companies, and it was never intended for mere common folks to enjoy, unfortunately the Accountants and Tax Lawyers are getting pretty good at finding these HIDDEN LOOPHOLES that were inserted for “Favorite Companies”.
That my friends is why they are so exercised about this, it was NEVER INTENDED TO BE USED by the Masses.
There are two problems. Other countries have been cutting corporate tax rates so that the US now has one of the highest corporate tax rates in the world. Put state taxes on top of that and it's ridiculous.
The second problem is unlike almost any other country the US taxes profits earned abroad if the money is repatriated to the US. So, the multinationals can't bring that money here to invest in the US without being punished.
That is why some companies are moving their HQ's overseas. As ridiculous as it seems, most Eurosocialist countries are now more business friendly than the US.
The answer is not more punishment, but to reform the US tax code so companies will want to stay and invest here.
Directive 10-289
In the name of the general welfare, to protect the people’s security, to achieve full equality and total stability, it is decreed for the duration of the national emergency that:
Point One. All workers, wage earners and employees of any kind whatsoever shall henceforth be attached to their jobs and shall not leave nor be dismissed nor change employment, under penalty of a term in jail. The penalty shall be determined by the Unification Board, such Board to be appointed by the Bureau of Economic Planning and National Resources. All persons reaching the age of twenty-one shall report to the Unification Board, which shall assign them to where, in its opinion, their services will best serve the interests of the nation.
Point Two. All industrial, commercial, manufacturing and business establishments of any nature whatsoever shall henceforth remain in operation, and the owners of such establishments shall not quit nor leave nor retire, nor close, sell or transfer their business, under pentalty of the nationalization of their establishment and of any and all of their property.
Point Three. All patents and copyrights, pertaining to any devices, inventions, formulas, processes and works of any nature whatsoever, shall be turned over to the nation as a patriotic emergency gift by means of Gift Certificates to be signed voluntarily by the owners of all such patents and copyrights. The Unification Board shall then license the use of such patents and copyrights to all applicants, equally and without discrimination, for the purpose of eliminating monopolistic practices, discarding obsolete products and making the best available to the whole nation. No trademarks, brand names or copyrighted titles shall be used. Every formerly patented product shall be known by a new name and sold by all manufacturers under the same name, such name to be selected by the Unification Board. All private trademarks and brand names are hereby abolished.
Point Four. No new devices, inventions, products, or goods of any nature whatsoever, not now on the market, shall be produced, invented, manufacturered or sold after the date of this directive. The Office of Patents and Copyrights is hereby suspended.
Point Five. Every establishment, concern, corporation or person engaged in production of any nature whatsoever shall henceforth produce the same amount of goods per year as it, they or he produced during the Basic Year, no more and no less. The year to be known as the Basic or Yardstick Year is to be the year ending on the date of this directive. Over or under production shall be fined, such fines to be determined by the Unification Barod.
Point Six. Every person of any age, sex, class or income, shall henceforth spend the same amount of money on the purchase of goods per year as he or she spent during the Basic Year, no more and no less. Over or under purchasing shall be fined, such fines to be determined by the Unification Board.
Point Seven. All wages, prices, salaries, dividends, profits, interest rates and forms of income of any nature whatsoever, shall be frozen at their present figures, as of the date of this directive.
Point Eight. All cases arising from and rules not specifically provided for in this directive, shall be settled and determined by the Unification Board, whose decisions will be final.[
What America needs is a sane tax policy. I don’t blame these companies one single bit for moving.
Lower taxes and companies will stay.
why not just rebuild the friggin Berlin Wall, this time around the USA?
That is what governments due when they are bankrupt and need to exploit their own citizens.
Just simply keep the government away from anything related to business and eliminate all business taxes. Business taxes and regulations are ultimately paid by consumers anyway. If we had zero business taxes and less regulation our nation would have amazing growth and along with it many jobs. Businesses from around the world would want to move here.
So fascism is the answer?
You and I have had this discussion before, and you are still misguided.
Nothing in America is designed to JUST MAKE JOBS except the US Government and they don’t have to make a profit or a product. So, no-one it’s going to create jobs, jobs, jobs until our government makes it PROFITABLE to do so. PERIOD!
Any talk or desire for any different action is simply futile and stupid because businesses are in business to make money, NOT CREATE JOBS!
As long add our government is oppressive in their taxes and regulations and demands, we will see a decrease in jobs. No-one can blame the companies for this, they are trying to stay profitable. Failure to do ALL they can to stay profitable could result in court cases and lawsuits by the share holders!!!
Much, if not all of these companies, will have the same employment in the US after changing HQ to a foreign country. Even their current HQ within the US will probably stay much the same. What does change is the Corporate Tax Rate for which the USofA has the highest in the world. Many of these companies have very large operations outside the US but as US Corporations are taxed on worldwide operations.
Right now, the current government cannot come to any agreement to fix a tax code that ALL AGREE is a nightmare. Each faction wants the other to give in and there are multiple factions. It will take this kind of corporation move to get the stuck ball moving, without it nobody has any incentive.
People do not run businesses to create jobs. They create businesses to make money and if that means going off shore to maximize their chances of survival and profits where do you think they will go. Marxists think just the opposite.
Pray America wakes up