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.
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Dozens of businesses move hqs outside america under obama
- Thread starter carpro
- Start date
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.
And I'll give you credit for being an Obama sycophant. A denier of reality.
Says the guy who denies his own OP. Good night. :wavey:
Says the denier of reality, in the name of his lord and master, Barak Obama.
Whom he has never once voted for. :thumbsup:
Whose truth is in his posts. Just not this one.
Calling me a liar?
You are what you are.
I'm ok with who I am thanks. A liar I am not.
An Obama sycophant. I understand.
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.
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.
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)
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.
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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.
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.