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Message Subject CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
Poster Handle Ulysses31
Post Content
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


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.
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