Lake Erie Conservative

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Archive for the ‘stupidity (taxation)’ Category

… It is Their Money , Dumb – dumbs [#tax inversion]…

Posted by paulfromwloh on Thursday,August 7th,2014

.. huh ?!..

.. it is relatively simple . Company A [US] buys Company B [Ireland] . Company A then switches its ” Tax Domicile ” to Ireland . It then can hold a great deal of cash in another place . Simple ..

.. these days , it is . It also has the DemoCraps having a conniption fit of the world class order . Boy , oh boy , is it fun to watch …

.. [h/t — TAS.org]..
.. [link] to the news post ..

.. it is remarkably similar to the relocation of a firm in the U.S. from one state to another . There are financial advantages , to be sure , but also legal ones …

.. you have a supply side idea . Cut the corporate tax rate down to the bone , waaaaaay down from where it is now . Say from 35% [now] , down to 10% to 15% , or better yet , 0 . Yes , the big Zippo ! … Watch what happens when you do …

.. for the Dems , I have a message … corporation or person , it is their money , not yours , so tough cookies …

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