Obama wants a one-time tax on the $2 trillion of profits that US companies are hoarding overseas

THIS ^^ is THE proof that you yankees don't know ANYTHING about accounting, taxes, international laws or what a 'corporation' means !

If in 2014, 'Mercedes LLC USA' (which is a only "a member" of the Mercedes corporation with the headquarter in Germany) made 1000 cars that costed 'Mercedes LLC USA' 1000000$ and sold them for 1500000$, I assure you that they have already paid to IRS a TAX on that 500000$ profit.

But if 'Mercedes LLC USA' sold those cars to an offshore llc in Bahamas with only 1000000$ so there will be no profit left to tax by USA,
then how will that no-US llc from Bahamas sell these cars to US citizens for profit (profit that will be 0% taxed in that Bahamas paradise) if the Bahamas_LLC is not an USA leagal entity and they don't have the right to sell anything?

The answer is: they CAN NOT take the profit outside USA without a TAX cut first.. and the same goes for every country on this planet !

They will take the profit outside US, UK, France etc, to e.g. Bahamas, only AFTER they've paid the tax_man from every country in which the corporation operates.

you may ask. So despite the fact they can't avoid taxing, why do they still prefer to keep the profit in 0% tax islands with three bushes instead of "civilised" countries like US, UK etc?

Because the greed of the (socialist) tax_man in these "civilised" countries is so insatiable that in the end he will steal your money.. (think Cyprus..)

That's why Singapore (0% taxes) is also a military fortress that will protect your money against any tax_man from any country

Boo fucking hoo for the slimy off shore traitorous greed fucks.

Rather than argue the propriety of Obama's proposed tax, perhaps you should first find out who benefits from any and all federal income tax payments.

That's what I'm trying to say - there are no** 'US corporations' any longer!

A corporation means (mostly) smth international,
and no corp's CEO is crazy to bring its already taxed profit from One country (say UK) into another country (say US) so to be double taxed !
That's why ALL corporations set their headquarter in some 0% heaven..
thus what you see on that US Stock exchange ARE NOT the corporations themselves (snake's headquarter) but US local branches/entities

Then you are an unAmerican retard. You belong in Somalia.

Why should US companies be allowed to dodge our tax system?

Be honest and pay up like the rest of us.

Lmao, I love this forum, people are so stupid. Obama could sign off on the greatest thing to ever happen to America, and everyone here would still spin it to be bad and some dumb Obama scheme that will lead to the crushing defeat of the Anerican economy, shorty followed by a Russian Chinese intervention and take over of America, leaving us all rotting in impending doom.

Truth is our economy and power status are back on the rise. The hard numbers and facts don't lie. Stop looking at little things and look at the whole situation.

just ONE TIME

bend over


WE NEED CASH FOR OUR EVIL PURPOSES

America was so great exactly because of the 0% tax system (& the 'gold is money')

America never at any point in its history had a 0% tax system.

That's a false legal construct.

[link to www.loc.gov]

It is mathematically impossible to pay off the US debt now so what is the point?

Also corporate taxes get passed onto the consumer with higher prices.

The world is heading toward a fiat currency reset.

1) That is federal income tax on individuals. Businesses were already taxed at the federal level. Also, this thread is about taxes on business, not individual income tax.

2) America was not 'great' prior to 1909. America became, America the great, after WWII.

3) Individuals, prior to 1909, still paid taxes at the state and local level.

4) I reiterate, America, never at any piont in its history, had a 0% tax system.

5) you are so fucking stupid it is unreal.

if everyone would pay its taxes in the end also everyone could pay less taxes.

but almost all big international companies dont pay taxes and alot of whealthy people. But GLP think its normal...

Any normal working guy/gall cant do all those things and must pay. Living from paycheck to paycheck hoping you can pay food this month and maybe a pair of shoes?

Yea its normal...

"The American Revolution (1773) was the result of a series of social, political, and intellectual transformations in American society, government and ways of thinking. Starting in 1765 the Americans rejected the authority of the British Parliament to tax them"

Thread: ******Connecting the dots.Why everything (financially) has gone to $h!t.

States with no income tax:
Alaska
Florida
Nevada
South Dakota
Texas
Washington
Wyoming

States with nearly no income tax:
Tennessee
New Hampshire

[link to www.usatoday.com]

Nail their asses to the wall. Does the common man get a tax holiday?

[link to www.loc.gov]


1) That is federal income tax on individuals. Businesses were already taxed at the federal level. Also, this thread is about taxes on business, not individual income tax.

2) America was not 'great' prior to 1909. America became, America the great, after WWII.

3) Individuals, prior to 1909, still paid taxes at the state and local level.

4) I reiterate, America, never at any piont in its history, had a 0% tax system.

5) you are so fucking stupid it is unreal.


“Of those corporations in our sample with significant offshore profits, two thirds paid higher corporate tax rates to foreign governments where they operate than they paid in the U.S. on their U.S. profits,”

“effective federal income tax rate of just 19.4 percent over the five-year period — far less than the statutory 35 percent tax rate,”
However, that ^^ means they did pay tax within the state they operate but not that crazy 'US federal statutory 35% rate'

[link to rt.com]

demanding bigger taxes (for others..) is like pissing against the wind.

it always turns against the people

This is exactly how the poor people started to be taxed:
they demanded a tax only for the rich ones and shortly after that, 'those' laws were adapted to be applied to everyone (by the very same rich guys who were also the law makers)

if you can't enforce a law (as a citizen or group of citizens) to be respected (like the second amendment - "right of the people to keep and bear Arms, shall not be infringed"), then what's the point of asking for more laws?

Barry needs mo money, mo money, mo money!!

The opposite is going to happen. Companies will leave for good and take their money and jobs with them.

If you think you can force money out of them at will, then you're no smarter than 0bama is and we can see the results of him enacting his whims (endless recession).

No, but we get replaced by machines that don't cheat on sick leave or try to unionize, and we lose jobs when entire companies leave the US.

You aren't particularly bright.

You're an idiot and a shill. These profits were made overseas and were already taxed in the home countries. A US tax would be a 2nd tax on the same money and there is no justification for it other than government greed.

Let's say you sell something on Ebay and pay a fee to Paypal on the transaction. What if you had to pay a 2nd, larger fee to transfer that money from Paypal to your bank account. What would YOU do? Would you pay the 2nd fee or let the money sit in Paypal and use it from there?

Companies will just split into separate entities, domestic and foreign. Then the money will never be seen here.

ALL CORPORATE TAXES SHOULD BE REDUCED TO ZERO! The end consumer pays all taxes, the corp's are just pass thrus.

I say we take every American company that took their manufacturing overseas, and moved their headquarters to avoid taxes, and kick them the fuck out of the American stock market, maybe we could then get an accurate assessment of where this county's economic state really is.

It's simple, really...

The government is chasing money, snooping around for every bit they can find or steal from you or anyone else that they can.

Review your history, review the fall of the Roman empire...

We are in the last stages of American empire downfall... and pretty soon as the Corps leave our shores, as the Roman corps left Rome, we will see the slow trickling of the end appear.

So in your view the conduct of the corporation that turns it's back on society in the name of greed and profit is a good thing?

Back when the government kept their hands off of business,
and workers too for that matter, America rose like a
rocket. It BUILT the middle class.
We used tarriffs to raise taxes, which protected American
businesses AND American workers.

Since GLOBALISM we are falling like a stone,
and that was anticipated, planned for, and
the traitors who implemented it, who are still alive,
like the evil Dr Kissinger,
should be hanged from the nearest oak tree.

Instead they are celebrated as geniuses,
and those who espouse an "America First" agenda,
are ridiculed and lambasted in the left-wing press
as knuckle dragging neanderthals.