• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Treasury To Stop Burger King Deal?

Mike

Well-known member
Inversions?

http://www.bloomberg.com/news/2014-09-22/treasury-unveils-anti-inversion-rules-against-tax-deals.html
 

hypocritexposer

Well-known member
There is a solution and it's not the Treasury's...

...less corporatism and a lower corporate tax might work...

The U.S. corporate income tax rate is 35 percent, and the U.S. is one of few industrialized nations that imposes its corporate tax on the foreign income of companies based in the country.

Those rules -- along with the ability of inverted companies to reduce U.S. taxes on their future income -- have made inversions attractive to companies.
 

hypocritexposer

Well-known member
The corporate tax exists so that career politicians can have a way to control more of the country, and to have a means to reward or punish companies that please or displease them. It should be abolished completely. If we did that, reversions would become a good thing, as companies from all over the world relocated their headquarters here, and sought to earn more of their income here. There is no downside, unless you are a Democratic and are more interested in controlling other people than in doing what is best for people.
 
Top