President Proposes to Lower Taxes

[thegreekdog]

Quick sidebar - Generally speaking, a non-U.S. entity can participate in the United States market without tax repurcussions provided it does not have a "permanent establishment" in the United States. A manufacturing facility would give it a permanent establishment.

Oh virtual businesses.....they're so much fun to deal with. We had a group approach us last year to make a product for them and they were going to find another company to handle the formulation and marketing as this original business was just a holding group that contracts other companies to do the manufacturing. Turned out that the company they found to do the formulation and marketing wanted to use their own suppliers to also make the key material that we were going to make, so we lost that major purchase at the last minute. Really sucked.

Not just virtual businesses. If Coke was a Dutch company, it could send salespeople and inventory into the United States without paying U.S. income tax.

[AndyDufresne]

TGD, man, you are still talking about taxes?!? I mean, what, is this like your day job, bro man dude?

Speaking of taxes, check out the IRS debut on the web, via the wayback machine from like 1997:

http://web.archive.org/web/199712101512 ... w.irs.gov/

It is pretty sweet.


--Andy

[PLAYER57832]

Please explain how companies move money around and pay tax in one place only, usually not where the money was made. If you can explain that, I would like to offer you a job.

LOL.. nice play on words. Companies do this all the time, as you well know. However, they usually wind up paying some taxes on some of the money wherever they operate. Getting off of ALL the taxes is pretty impossible, though not entirely (as GE demonstrated not that long ago -- though by your measure you have claimed they did actually pay, but just got a lot of legitimate deductions which happened to amount to zero), but getting off of huge swaths is not.

Also, in previous discussions, you made it plain that you fully and completely believe in currently worded tax code definitions for localities and ownership and that the code definitions are accurate reflections of tax responsibility.

Most people don't.. and its because values differ, not because everyone else is ignorant.

[PLAYER57832]

Obama will only do this tax cut if his opponents allow more spending/debt.

LOL

You truly are myopic. in your view.

There are not many politicians today who are anything BUT beholden to various corporate interests and while some specific interests differ, on many economic issues, the goals tend to unite enough that there is not real difference. The "debate" is for show, and over pure superficialities. They will argue about the definitions of various taxes, how to shift some costs to various other entities, but overall, any tax paid will be more than made up for in other areas, whether it is gains in income or changes in fee structure or just plain price increase to compensate.

The real "debate" is not over how much tax, its over which entity gets to have the power. Not Democrats versus Republicans or even Tea Partiers or Libertarians, but which entity backing those groups. The names/titles are just superficialities. The power is what matters, and the power is being torn from our hands -- and NOT by government. We ARE the government, or were...

[Woodruff]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

[Teflon Kris]

I'm in favor of lower corporate tax rates.

Please change your avatar !!

This guy died for a reason, please dont take the p*ss !!

P.S. On a less-important note, point (4) is a joke - international companies move money around and pay tax in one place only, usually not where the money was made. They make as much money as possible. Full stop.

Don't you think it ironic that a man who died for a reason is plastered all over t-shirts? Perhaps you should read the caption closely.

Please explain how companies move money around and pay tax in one place only, usually not where the money was made. If you can explain that, I would like to offer you a job.

How would you 'Mericans like it if my avatar was a dood nailed to a cross with "Muslim Prophet. Killed by Jews." ??

That's cool by me. Knock yourself out.

Give me the job and I will do it

They all do it, very easy, simple departmental trickery.

Just tell me where you want to pay tax, install me in an office there (could be a tiny office for all it matters), put a sign on the door and job done

So you don't know what you're talking about. Cool.

Cool - I'll add some stuff about Jesus - Saviour of the Roman Empire and Jesus - excuse for Crusades, H-Bomb Nazi Crusades and George Bush crusades. "The Jews killed me but I died so you could bomb the Japs and Moslems"

So, you aren't willing to put your money up front, typical capitalist, you will soon be interested when I move to Switzerland or the Netherlands and my bike shed is labelled an office

You do know that in 'Merican law, 'cool' is a term of agreement? I am now your marketing department.

A quick minor change of, well, anything, and there's my work for the year- all your profits to me please - inter-departmental charge for use of marketing. I am not a sub=sidiary, I am your marketing dept.

Any problems with the US authorities and move to the 51st state, tax evasion is almost compulsory here. There is no authority to check-up, just the newspapers. You dont even have to move, just have an employee with a few square millimetres of office here. In fact, you could just have an employee 'working from home' - in the 51st state they would give you a grant for such an operation

Thank you.

Coffees on me.

Hope you have some shares.

[DoomYoshi]

What does Michelle have to say about this? Shouldn't there be a divorce before you start proposing to other women?

[Teflon Kris]

In the business world anything goes - there is no consequence - 50 wives, that's cool

[PLAYER57832]

How would you 'Mericans like it if my avatar was a dood nailed to a cross with "Muslim Prophet. Killed by Jews." ??

LOL.. many Americans would care less or would not "get" the point. A few Christians would, but most of us would just say "oh well", in part because Muslims actually do take Christ as a prophet, just not "the" prophet. Then you would have those who would..and you would probably "never" stop hearing from them.

[Teflon Kris]

How would you 'Mericans like it if my avatar was a dood nailed to a cross with "Muslim Prophet. Killed by Jews." ??

LOL.. many Americans would care less or would not "get" the point. A few Christians would, but most of us would just say "oh well", in part because Muslims actually do take Christ as a prophet, just not "the" prophet. Then you would have those who would..and you would probably "never" stop hearing from them.

I get you.

Here in the 51st state, benefit systems encourage thick girls into a free house and benefit career through birth control fraud (the thick guys take it in turns to impregnate the thick girls / believe they are 'on the pill' and fight each other). As a result, the proportion of thick, violent, mentally-ill and emotionally-unstable in the population is increasing dramatically, as in the other 50 states. Meanwhile, the evolved humans work harder and have nowhere to live (there is also the issue of the interbred posh species in power) ...

Eventually, we will have to get rid of them, preferably both sub-species ...

... ouch

[Teflon Kris]

Sorry, not normally a tea-drinking lettuce-leaf tortoise.

Hard to change my spots, but I'll give you a week to inform me of your annual profits so I can determine the marketing rights charge. Wouldn't want to charge too much to send you out of business - or too little so you had too much tax to pay where your international internet business is based

P.S. Dont forget to delete this thread if you go for the latter option. Of course, the other option would put you out of business.

[Teflon Kris]

Why don't you just post a thread on the guy and explain your version.

No need.

He said 'cool' - that's an agreement.

[Teflon Kris]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

Yeah, but 'the wrong type of people' may go to college and benefit. Better to have thick in-bred posh people than risk some kind of working-class hero that changes the status-quo. Wow man, what are you smokin? Didnt 'Merica invent the idea of paying for stuff? Jeez! Free Education? What next?

[Night Strike]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

[Teflon Kris]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

Exactly, so, its all about money instead of intelligence

But, never fear, only a small number of lower classes would stay on in college anyway even if education was free, to get there it helps to have parents that support education. So, only the cleverest lower class kids go on to further ed as many droop by the wayside and get a crap job after battling their parents values/culture.

Still, intelligent lower-class kids are the kind 'Merica would worry about most. Democrats are communist enough without that kind of influence.

[Woodruff]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

You're going to have to explain to me how that's any different than the current job climate. Because today, a Bachelors Degree doesn't seem to mean squat.

[Night Strike]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

You're going to have to explain to me how that's any different than the current job climate. Because today, a Bachelors Degree doesn't seem to mean squat.

The current issue is because too many people have gotten Bachelors degrees in useless subject combined with the government making it extremely difficult for good-paying full time jobs in relevant fields to exist due to the excessive number of unending regulations. Flooding the market with even more Bachelors degrees will only make it worse.

[AdamKeith]

thegreekdog:

This is an example of a company doing it, I know they are based in Britain, but still: Formula One

And if you know anything about F1, this kind of stuff is very much commonplace.

[PLAYER57832]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

Then again, it might be that if education is free, the jobs will go to the people willing to actually WORK the best, rather than just those who can afford to get the degrees.

[Night Strike]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

Then again, it might be that if education is free, the jobs will go to the people willing to actually WORK the best, rather than just those who can afford to get the degrees.

We already have free education....it's called high school. If a person wants to better themselves beyond that, then it's THEIR responsibility to take those steps. It's not every one else's job.

[Woodruff]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

You're going to have to explain to me how that's any different than the current job climate. Because today, a Bachelors Degree doesn't seem to mean squat.

The current issue is because too many people have gotten Bachelors degrees in useless subject

No. Sorry, but no. That's bullshit. It does not have to do with Bachelors Degrees in useless subjects. I can't even believe you said that, frankly.

combined with the government making it extremely difficult for good-paying full time jobs in relevant fields to exist due to the excessive number of unending regulations.

Again, no. Sorry, but no. It is not the regulatory environment that is keeping businesses from creating good-paying full-time jobs in relevant fields. This is just ridiculous.

Far moreso than that, it is the American view of salary that is keeping it from happening.

Flooding the market with even more Bachelors degrees will only make it worse.

"Flooding the market" (You actually believe that would happen?) with even more Bachelors Degrees would have zero effect.

[Woodruff]

I personally think labor cost is the most important factor/impediment/whatever - and that is offered without political commentary.

I think that's unavoidably true. I also don't know how that can necessarily be attacked very effectively, given the standard of living that Americans have come to expect. I know all the anti-socialists will scream, but I actually think that making college free would go a long way to help with this. A lot of the burden for high salaries these days does seem to come down to having to pay for college (after the fact). For instance, I didn't have to pay for my degrees (well, technically I paid a little, but very little). I am therefore able to take a job I love and not have to worry that much about how much I am paid.

And if Bachelor degrees are free to get for everyone, then those who want to stand out will have to get Master degrees. Then it won't be fair that Master degree people are getting the best jobs, so those will have to become free as well, meaning people will have to get a PhD just to stand out to regular employers.

Then again, it might be that if education is free, the jobs will go to the people willing to actually WORK the best, rather than just those who can afford to get the degrees.

We already have free education....it's called high school. If a person wants to better themselves beyond that, then it's THEIR responsibility to take those steps. It's not every one else's job.

Besides, then Night Strike and his ilk can't look down their noses at them for being poor.

[Night Strike]

Besides, then Night Strike and his ilk can't look down their noses at them for being poor.

Considering we live in a 1 bedroom apartment and are living frugally.....and would be poor if we had a kid (living comfortably at the moment).....no, I have absolutely no reason to look down on anybody, especially if they're poor. We've both worked for what we currently have and are working to move up in our professions. It's OUR responsibility to take those steps, not somebody else's job.

[Teflon Kris]

Besides, then Night Strike and his ilk can't look down their noses at them for being poor.

Considering we live in a 1 bedroom apartment and are living frugally.....and would be poor if we had a kid (living comfortably at the moment).....no, I have absolutely no reason to look down on anybody, especially if they're poor. We've both worked for what we currently have and are working to move up in our professions. It's OUR responsibility to take those steps, not somebody else's job.

In Capitalist Society it is Government's job to make sure there is a staircase to step-up.

The debate is around how easy it is for some people to get on half-way up, an elite few to stroll on at the top, and how difficult it is for the masses to climb beyond the first few steps, and for some, to get anywhere near the ladder at all.

I too, have worked hard with 2 jobs to get to the second/third step (just enough to afford a 1-bedroomer) but I was lucky to be blessed with a brain and even luckier geographically that my high school was one of the best free state comprehensive schools in the 51st state.

But, if I apply for a middle-management job, no matter what qualifications and experience I may have, I could only make-it with a perfectly practised, rehearsed, researched, spun and polished act to pretend I am, and speak, the daft language of the middle-class.