Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘tax inversion’

… So , What did You Expect ?? [#BK tax inversion]…

Posted by paulfromwloh on Monday,January 2nd,2017

.. our companies do it here in the states , moving from state to state …

.. they incorporate in more legal – friendly states , such as Texas , Ohio , and Delaware , instead of others , due to the legal environment …

.. they also do it for finance and tax purposes …

.. [h/t — m.Newsbusters.org]..
.. [link] to the blog news …

.. now , Booger King is getting married to Tim Horton ‘ s of Canada , a donut and coffee joint …. it is also moving its tax domicile to Canada …

.. guess what ? … our media and the ObamaCraps are complaining ….. Wahhhh !! …

.. tough crap …

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Posted in personal opinion | Tagged: , | Leave a Comment »

… Don’t Those Knuckleheads Ever Learn [#US Treasury][#tax inversion]…

Posted by paulfromwloh on Wednesday,April 6th,2016

.. it seems that Our country ‘ s Treasury Department is a glutton for punishment . Also , they want to be stuck in court with multiple court cases ..

.. So , what the fart is the big brawl all about with these ” tax inversions ?? ” …

.. simple , and for 2 reasons . One is our country ‘ s tax rate . Currently our’ s top tax rate for corporations is about 35.0% , which is the highest in the Western World . Having a rate that high is going to inspire many attempts to go to tax havens , and the use of tax dodges ..

.. [h/t — Reuteurs.com/business]..
.. [link] to the blog post news ..

.. the other is the way our country taxes corporations . Worldwide , companies are taxed generally one way . They only pay tax on the earnings on the income earned in that specific country . Our does it radically different . Our country taxes income on companies on a worldwide business basis . It just does not mean our nation alone , but in every other country on the planet ..

.. Treasury is trying to legislate by ” executive order ” or by regulation . Oops . Regulations may interpret and implement existing law . They may not act to write new law . That is Congress ‘ job ,folks ..

.. So , what happens ? The stuff get challenged in court , and by a company willing to take on the battle .most companies do not want the to spend the fuss or the tIme .But some do . Those are the ones that will benefit from the battle [and the expense]…

Posted in body of law, congressional intent, legal opinion, legal question, personal opinion | Tagged: , , , , , , , , , , , , , , | Leave a Comment »

… 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 …

Posted in personal opinion, stupidity (financial), stupidity (political), stupidity (taxation), tax opinion | Tagged: , , , | Leave a Comment »