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 ...
Your tagline is absolutely correct. So correct it makes me wonder if we should have propped them up to keep from becoming them.
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!
I doubt there’s a rino running who will do anything to change what Obama has done.
congress, once again, proves that it is feckless. We live in a tyranny with crony capitalism leading the way. Sickening.
Any doubt we are a dictatorship now?
Yes.
F the US alleged leader.
Oh, yeah.
Atlas Shrugged
Unintended Consequences be damned!
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.
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,,
This will drive start-up companies away before they fall into the grasp of the greedy ba****ds in Washington.
Brilliant.
Liberals are idiots.
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!
Preventing corporations from going overseas seems to be the opposite of crony capitalism. Isn’t it?
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!
: 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.
Congress has for many decades unconstitutionally given many alphabet agencies the ability to create regulations with the weight of law.
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