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Featured Dozens of businesses move hqs outside america under obama

Discussion in 'News & Current Events' started by carpro, Aug 27, 2014.

  1. Use of Time

    Use of Time Well-Known Member
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    Knowledge is power Copernicus. I'll give you credit for humiliating yourself on your own topic but still driving forward with determined ignorance. Your perseverance is admirable.
     
  2. carpro

    carpro Well-Known Member
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    A confusing statement for sure. But again the writer did not say obama's policies were the cause of inversion.

    But this I believe is referring to many of Obama's harebrained regulatory schemes.

     
  3. carpro

    carpro Well-Known Member
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    And I'll give you credit for being an Obama sycophant. A denier of reality.
     
  4. Use of Time

    Use of Time Well-Known Member
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    Says the guy who denies his own OP. Good night. :wavey:
     
  5. carpro

    carpro Well-Known Member
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    Says the denier of reality, in the name of his lord and master, Barak Obama.
     
  6. Use of Time

    Use of Time Well-Known Member
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    Whom he has never once voted for. :thumbsup:
     
  7. carpro

    carpro Well-Known Member
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    Whose truth is in his posts. Just not this one.
     
  8. Use of Time

    Use of Time Well-Known Member
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    Calling me a liar?
     
  9. carpro

    carpro Well-Known Member
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    You are what you are.
     
  10. Use of Time

    Use of Time Well-Known Member
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    I'm ok with who I am thanks. A liar I am not.
     
  11. carpro

    carpro Well-Known Member
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    An Obama sycophant. I understand.
     
  12. carpro

    carpro Well-Known Member
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    Now that some people are on record about how evil Burger King is, it's time to tell some basic truths that Obama doesn't tell people when he demonizes companies like Burger King.

    Burger King will still be paying the US corporate tax rate on all business conducted in the U.S. Do I need to say that again?

    Burger King will still be paying the US corporate tax rate on all business conducted in the U.S.
     
  13. matt wade

    matt wade Well-Known Member

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    So, educate us...what good does it do for them to move to their HQ to Canada?

    (this is a serious question that I would enjoy being educated on)
     
  14. carpro

    carpro Well-Known Member
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    It has a lot more to do with the foreign earnings on the business they buy out.

    As a matter of fact, if you look at the numbers, it appears the move is more about growth than taxes,some analysts say.

    So why does the Obama administration demonize them so? A basic animosity toward business, I believe, and politics. Pure politics. This deal will actually increase the total revenue to the U.S. Treasury.
     
    #54 carpro, Aug 28, 2014
    Last edited by a moderator: Aug 28, 2014
  15. Walguy

    Walguy Member

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    As I understand it, it's more complex than simply the tax rates. US based businesses, in addition to paying taxes on income generated in the US, also must pay US taxes on income generated outside the country. This is in addition to that same income being taxed by the country it was earned in at that country's rate. No other country besides the US does this. A company that is foreign based can only be taxed by the US on income generated within the US. So the total amount of tax that must be paid on the identical combination of income is considerably lower for a company that is officially incorporated outside of the US.
    Inversion can and does cause PR problems, but investors love it because of the increased profits. I work for Walgreens, and as you may know, for a while our company was considering inversion through its purchase of the Swiss-based company Alliance Boots. The company got a lot of negative feedback from customers about this, and ultimately decided against the inversion strategy. This bought some goodwill from the general public. However, our stock fell about $13 in 2 days after the announcement was made, from the low 70s to the upper 50s. So far it's only gone back up about $2 since then. If the inversion had happened, the stock would almost certainly have gone up instead of down. So there are significant benefits a company can gain from inversion. If the US would simply join the rest of the world in taxing their companies only on domestically generated income, inversion would never happen at all. There would be no reason for it.
     
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