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CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs

 
Ulysses31

User ID: 1551010
United Kingdom
11/20/2012 06:44 AM

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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
if company was incoporated in usa then they wont have to pay taxes on profits generated from overseas, in my opinion it doesnt even matter anymore do half of them even pay the required tax rate? some of the big companies dont even pay any taxes. they call it Fix the Debt.

[link to www.ombwatch.org]
 Quoting: mrmuffins69


That's PURE BULLSHIT PROPAGANDA. naughty

They still have to pay the taxes from the country where the profits were generated....and many UK countries have STEEP taxes.
 Quoting: Anonymous Coward 7702124


Many US companies based in low corporate tax countries (such as Ireland) only have to pay 12.5% corporation taxes. BTW...EU want to harmonize this to 20%+
All that is required for a foreign based company to avail of this rate is a brass plate on a wall & be registered with an Tax commissioners, they then can route profits via this brass plate company and only pay 12.5% tax.
It's no wonder Obama wants to end this practice whereby US companies take advantage of favorable corporate tax rates in other countries or as he put it 'Tax heavens' but not have any 'real' operations in that tax heaven country.
Anonymous Coward
User ID: 24760791
Thailand
11/20/2012 06:55 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
if company was incoporated in usa then they wont have to pay taxes on profits generated from overseas, in my opinion it doesnt even matter anymore do half of them even pay the required tax rate? some of the big companies dont even pay any taxes. they call it Fix the Debt.

[link to www.ombwatch.org]
 Quoting: mrmuffins69


Why do you even care? Do you think more money going to the federal government is going to help you in some way? Do you actually believe it is going to help ANYONE on the entire planet?

Because if you do, you're fucking deluded.
Anonymous Coward
User ID: 25300322
United States
11/20/2012 07:17 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
How is it Free Market Capitalism in this country when the large Multi National Corporations and Banks are able to buy our government to do their bidding in order to go through loopholes and not pay taxes, while the small and medium sized business's have no such luxury?

Furthermore, where would places like Walmart go anyways when American's are their biggest customer?
Anonymous Coward
User ID: 25300322
United States
11/20/2012 07:38 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
How is it Free Market Capitalism when The Multi national Banks and Corps have all their cronies inside Washington as politicians like Goldman Sachs and others outside as lobbyists, while the small business guy has to suffer it alone that employ the majority of American's?


How is it Free Market Capitalism in this country when the large Multi National Corporations and Banks are able to buy our government to do their bidding in order to go through loopholes and not pay taxes, while the small and medium sized business's have no such luxury?

Furthermore, where would places like Walmart go anyways when American's are their biggest customer?
 Quoting: Anonymous Coward 25300322
Sickandtired
User ID: 17058124
United States
11/20/2012 07:40 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
What did you think would happen.. Have you learned nothing? Rich can take thier money and leave. We need them.. they dont need us. I dont care how much the rich make as long as I make a good living.
 Quoting: Anonymous Coward 2549094


And once they get what they want with a law stating they do not have to pay taxes on money earned off shore, WHAT is going to stop them from moving ALL their workforce off shore?
Anonymous Coward
User ID: 24289757
United States
11/20/2012 07:50 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
passed on to the consumer

Yep... the ones who know don't speak... the ones in DC who SPEAK don't know.... Arrogant... and Ignorant...
clappa

Wake up sheeple, business tax is a value added sales tax that is passed on to the consumer
 Quoting: Mr. Predictor
Anonymous Coward
User ID: 19782831
United States
11/20/2012 08:14 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
if company was incoporated in usa then they wont have to pay taxes on profits generated from overseas, in my opinion it doesnt even matter anymore do half of them even pay the required tax rate? some of the big companies dont even pay any taxes. they call it Fix the Debt.

[link to www.ombwatch.org]
 Quoting: mrmuffins69


**Simple way to "fix the Debt", Stop spending like a drunken whore!!!
Anonymous Coward
User ID: 7011986
United States
11/20/2012 08:46 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
The Fix the Debt campaign has raised $60 million and recruited more than 80 CEOs of America's most powerful corporations to lobby for a debt deal that would reduce corporate taxes and shift costs onto the poor and elderly.
 Quoting: mrmuffins69


Indeed!

And did you know that currently $20 Billion MORE is spent in direct subsidies and tax breaks to U.S. Corporations then is spent on aid to families, food, house, financial aid, and all direct public assistance (not including Medicare and Social Security).

These CEOs, these corporations are the leaches of our society!!!
 Quoting: Anonymous Coward 3910757


WITHOUT THOSE LEACHES... YOU AND YOUR WHOLE FAMILY WOULD STARVE TO DEATH OR DIE FROM THE ELEMENTS. Take a look at history before the industrial revolution.. We have it so much better than they did BECAUSE of the people that you considder leaches.
 Quoting: Anonymous Coward 2549094


100% fucking false.
Anonymous Coward
User ID: 636900
United States
11/20/2012 10:15 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
you guys actually think Obama knows anything at all? LOL
he doesnt know anything-- he just regurgitates what is told to him. He is a joke spoonfeeding the illegals, lazy, and leeches of society making them more and more dependent on the government. They have their reward.

LOL

Where are our great men?
ANNONYMOUS
User ID: 8415236
United States
11/20/2012 10:24 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
5a

Here's a plan. In addition to any and all current taxes they are charged a FEE equal to 10% of gross International Sales in order to sustain the infrastructure of the US which they make use of period!
Carshy McCarsh

User ID: 28072317
United States
11/20/2012 10:42 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
The Fix the Debt campaign has raised $60 million and recruited more than 80 CEOs of America's most powerful corporations to lobby for a debt deal that would reduce corporate taxes and shift costs onto the poor and elderly.
 Quoting: mrmuffins69


lolatu

Yes, because paying the Federal government is the absolute highest priority of every American.

You can't discuss reducing how much they spend. You can only discuss who is going to pay for it.
Tell me what this tastes like...
Captain Spaulding
User ID: 28086656
United States
11/20/2012 11:23 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
How is it Free Market Capitalism in this country when the large Multi National Corporations and Banks are able to buy our government to do their bidding in order to go through loopholes and not pay taxes, while the small and medium sized business's have no such luxury?

Furthermore, where would places like Walmart go anyways when American's are their biggest customer?
 Quoting: Anonymous Coward 25300322


And I lost a business, and six people lost their jobs because of the IRS and a mere $24,000 we didn't know we owed them, and they KNEW it was because of a crooked attorney, who disappeared, and a bad accountant, who died.

The government still stuck to their guns about getting their (paltry) money, no matter that we weren't at fault and paid taxes for 12 years without fail, on time. We just had no idea of knowing we weren't paying "enough", and the IRS PROVED it, for themselves, we weren't at fault. They still demanded their $24,000!

Where was OUR bailout to keep all of US working? They didn't owe it to us, but if they're bailing out and giving breaks for multi-billions of dollars to people that already have more than they need, why not keep the economy moving and help the small businesses they *SAY* are the backbone of America?

Because of the job situation, several of us had to go on state aid for medical help because we lost our insurance and needed, required, serious medical care (which would have been paid for by OUR insurance). So the government ends up shelling out even more than what we owed.

I will NEVER trust ANY politician, on any *side*, that spews the lie that they support small business "because they're the backbone of our country". Liars with suits and briefcases, tucked squarely into the pockets of the uber-wealthy that paid for them to be put in office.
Anonymous Coward
User ID: 21211135
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11/20/2012 11:26 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
OP, it's not that we don't care. It's sort of like you telling us the world is going to end in ten minutes or we have a terminal disease. There's nothing to be done about it.
Anonymous Coward
User ID: 1092220
United States
11/20/2012 11:28 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
if company was incoporated in usa then they wont have to pay taxes on profits generated from overseas, in my opinion it doesnt even matter anymore do half of them even pay the required tax rate? some of the big companies dont even pay any taxes. they call it Fix the Debt.

[link to www.ombwatch.org]
 Quoting: mrmuffins69


Well the Slaves in America will continue to gnaw of their own foot in the form of cutting "Entitlements",which is bullshit.

I'm over these Americans who praise corporations and demand their right to rule America y having overwhelming lobbying and political power while paying little to no taxes.
Anonymous Coward
User ID: 1092220
United States
11/20/2012 11:31 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
This is how Rome Fell, military expansion and the wealthy holowing out the coin and stealing the gold.

It must feel great to feel well off and self righteous. byekitty
Anonymous Coward
User ID: 1092220
United States
11/20/2012 11:33 AM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
OP Remember also that now that Obama has been reelected that there is an element of disgruntled people who feel overruled and WANT America to be destroyed.
Anonymous Coward
User ID: 3910757
United States
11/20/2012 03:24 PM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
we need them? yes we do need them...
- to pay taxes
-to stop bribing incompetent officials in order to further their agenda i mean lobbying washington to meet the companies needs
i could go all day but im tired its 2am im sure others will add to the list
 Quoting: mrmuffins69


clappa

-stop polluting our earth
-stop trying to buy their way out of being held accountable
-stop the bullshit that "Global Warming is a Lie" to get ignorant people to fight the fight so again they are not held accountable
-etc.
 Quoting: Anonymous Coward 3910757


-endless wars
-poisoning of food supply (GMOs), water (waste from factories, air(radiation from nuke tests, nuclear plant disasters) ever wonder why cancer rates jumped around the 40s n 50s?
-putting profit over human life...more like all life
-elimination of competition (mainly small business) through unfair business practices
 Quoting: mrmuffins69


clappa
milehighmike

User ID: 339344
United States
11/20/2012 05:18 PM

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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
People are too dense to understand that corporations DON'T pay taxes...They are a cost of doing business ADDED to the goods or services that they produce!

The more you tax them, the higher YOUR costs are going to be.

Tax them out of competitiveness and you get MORE, not less imports...

"Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, 'What's in it for me?'" — Brian Tracy: Personal and business training author, speaker, and consultant

"We are all, right now, living the life we choose." -- Peter McWilliams, Author

"The bad news is time flies. The good news is you're the pilot." -- Michael Altshuler
Anonymous Coward
User ID: 3910757
United States
11/20/2012 05:28 PM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
People are too dense to understand that corporations DON'T pay taxes...They are a cost of doing business ADDED to the goods or services that they produce!

The more you tax them, the higher YOUR costs are going to be.

Tax them out of competitiveness and you get MORE, not less imports...

 Quoting: milehighmike


Be Gone, Koch Sucker!

You are full of SHIT!
Anonymous Coward
User ID: 1145072
United States
11/20/2012 05:44 PM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
The Fix the Debt campaign has raised $60 million and recruited more than 80 CEOs of America's most powerful corporations to lobby for a debt deal that would reduce corporate taxes and shift costs onto the poor and elderly.
 Quoting: mrmuffins69


Indeed!

And did you know that currently $20 Billion MORE is spent in direct subsidies and tax breaks to U.S. Corporations then is spent on aid to families, food, house, financial aid, and all direct public assistance (not including Medicare and Social Security).

These CEOs, these corporations are the leaches of our society!!!
 Quoting: Anonymous Coward 3910757


WITHOUT THOSE LEACHES... YOU AND YOUR WHOLE FAMILY WOULD STARVE TO DEATH OR DIE FROM THE ELEMENTS. Take a look at history before the industrial revolution.. We have it so much better than they did BECAUSE of the people that you considder leaches.
 Quoting: Anonymous Coward 2549094


Uh yeah, before the Industrial Revolution, everybody just died of starvation and froze to death- I'm so glad those thoughtful corporations invented fire, water, shelter, farming, hunting, etc. What would we do without them?
milehighmike

User ID: 339344
United States
11/20/2012 10:46 PM

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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
People are too dense to understand that corporations DON'T pay taxes...They are a cost of doing business ADDED to the goods or services that they produce!

The more you tax them, the higher YOUR costs are going to be.

Tax them out of competitiveness and you get MORE, not less imports...

 Quoting: milehighmike


Be Gone, Koch Sucker!

You are full of SHIT!
 Quoting: Anonymous Coward 3910757


*CUTE*, my little union BITCH is expressing her unsolicited opinion....

"Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, 'What's in it for me?'" — Brian Tracy: Personal and business training author, speaker, and consultant

"We are all, right now, living the life we choose." -- Peter McWilliams, Author

"The bad news is time flies. The good news is you're the pilot." -- Michael Altshuler
DOT 2 DOT

User ID: 24338672
United States
11/20/2012 10:55 PM
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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
OP Remember also that now that Obama has been reelected that there is an element of disgruntled people who feel overruled and WANT America to be destroyed.
 Quoting: Anonymous Coward 1092220


Sadly, I think you're right.
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
milehighmike

User ID: 339344
United States
11/21/2012 09:16 AM

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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
OP Remember also that now that Obama has been reelected that there is an element of disgruntled people who feel overruled and WANT America to be destroyed.
 Quoting: Anonymous Coward 1092220


Sadly, I think you're right.
 Quoting: DOT 2 DOT


"DOT"-

Sadly, I think you're one short of a straight line...

Keep on drinking the Obama-Ade!!!
BEST.
pResident.
nEver.

If YOU want to live in a socialized country, I might humbly suggest that you move to Cuba, Venezuela or Europe. Your boy Barry is pResident of ALL of the United States, not just of his homey's in the blue areas.

We are NOT a socialized country (yet, although he's trying REALLY hard), we are a Democratic Republic, NOT a Democracy.

I know this is a LOT for you to absorb so I've tried to go slow for you...


lmao
"Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, 'What's in it for me?'" — Brian Tracy: Personal and business training author, speaker, and consultant

"We are all, right now, living the life we choose." -- Peter McWilliams, Author

"The bad news is time flies. The good news is you're the pilot." -- Michael Altshuler
Ralph--a house dog

User ID: 25802009
United States
11/21/2012 09:29 AM

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Re: CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
Corporate tax breaks and cuts must be tied to requirements to hire more US citizens....no more lying to Immigration to get H-1B visas (there ARE Americans that can do those jobs!) or illegal aliens (same thing---teenagers, retired people etc are often able to take lower paying jobs OR hire people with legal temporary work visas such as migrant workers get)
"Who decides?"
---Robert A. Heinlein

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