Replies

Hey, I own a corporation, 100%.

If it has taxable income, it pays income tax.

I don’t pay tax on that income at that time.

But whenever I take money out of the corporation, in the form of salary, dividend or selling my stock, then I pay tax on that income.

The perspective you spoke of is from a consumer.

I’m pointing to the owner’s perspective.

Now, if my corporation rings up $100,000 in sales every year with $10,000 in taxable income, I’d pay tax on the $10,000.

Now, if my corporation sets up a subsidiary such that it owns 80% of its stock, and that subsidiary is established in China and the other 20% is owned by a Chinese citizen, my coporation would have to consolidate the subidiary’s results into its own for tax purposes. Say the subsid. sales were $50,000 with taxable income of $5,000. I’d have 80% of that income, $4,000, to add to the parent company’s taxable income, for a total of $14,000.

So my corp should pay tax on that $14,000 - and the IRS has strongly worded language about that.

The code allows me, however, to file a form stating that I do not foresee the capital I invested in that Chinese sub. ever coming back to the US. Presumably it will just continue to grow in sales and profit forever ?

Once I do that, I no longer have to consolidate that subsidiary. But if the capital does ever come back to the US, the code is very clear that any capital gains from selling my 80% interest, or if I don’t sell it, but I transfer cash unneeded in my Chinese sub back to my US parent company, then income tax is due on that money which is construed as profit. I can’t get anything out of the subsidiary unless I pay tax on it.

Unless, of course, Apple can join with all other big financial globalist interests - and get the rubes, the little people, etc., who pay taxes, to start a “grassroots” activist campaign to press Congress to change the tax code - so Apple and the others can repatriate profits - BUT GET AN EXEMPTION FROM PAYING TAX. Man, could they BRAG to their shareholders. But the US Treasury’s borrowing from the international money cartel would be kept firmly in place. We can’t have a globalist or a globalist-controlled corporation paying taxes. Everyone else has to, but not globalism. The little people don’t understand that almost every dollar they pay in tax winds up as income for one globalist firm or another, and globalists themselves make sure their own operations are as “tax efficient” as possible. GE for example; the love to sell to the government, but they can’t stand paying taxes to it.

This is what Apple has done and is doing, except they’ve gone one better. For much of their international sales, the entities are structured such that the sales are not considered taxable by ANY country. Neat trick.

Of course, I don’t care about other countries collecting tax, but if Apple wants to support globalist initiatives where the US gov’t is spending on these initiatives - and if Apple wants to sell ANYTHING to the government, meaning U.S. taxpayers, seems to me that Apple should itself at least be a taxpayer.

Consider this example of the impact of government spending benefitting Apple:

http://www.blueraster.com/blog/2012/12/03/on-the-go-dhs-data-available-in-new-mobile-app/

As the State Depts USAID and the CIA and other government agencies and NGOs partner with the central banking cartel to develop Africa, it only means more sales of Apple products. Except Apple is leveraging little people’s money to fund the US government operations.

Again, this is not just Apple; it’s most large or publicly-held US businesses.