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Comment Re:Tax avoidance (Score 2) 592

Example: Halliburton rebuilding the Middle East

PEOPLE in charge of Haliburton profit from it

a healthy population has a DIRECT correlation to higher productivity from your workforce, ergo higher profits

PEOPLE are using the healthcare services ad PEOPLE realize the profits

Roads and other public infrastructures allow your employees to come to work and customers to purchase your product/service.

true, both employees and customers pay for their right to use the infrastructure with their taxes plus property taxes dependent on value dependent on quality of infrastructure are paid on company's real estate

Police and Fire departments help to protect corporate assets from theft and destruction.

property taxes cover that

Legally Corporations are defined as people, only they officially lack the capacity to vote aside from lobbying. However, if you are really going to push the people ticket, then Capital Gains tax needs to be raised to 35% across the board instead of the 15% cap as the investors have the most to gain by corporate operations. The normal workers are actually producing and already paying full income tax on their wages while investors merely front capital with no additional effort.

Comment Re:FB tax avoidance (Score 2) 592

Home Country (Country A): Effective Tax Rate of 35%
Foreign Country (Country B): Effective Tax Rate of 10%

The company's operations grossed $100,000,000 (Home currency) in income (before taxes) while operating abroad in Country B. Based on the tax rates, the company would pay $10,000,000 to Country B for taxes. From there, that $10,000,000 is normally deducted from Country A's tax rate to avoid double taxing the income, so what would have been $35,000,000 becomes only $25,000,000 taken in by Country A.

The Tax holidays in the Goldman article are playing off the above. In a tax holiday, Country A would not receive any tax revenue from foreign operations under the hope that the company would then reinvest that $25,000,000 as capital within Country A. While that works once in awhile, there is no way to guarantee where those funds will wind up. In the meantime, Country A has $25,000,000 less in tax revenue (not accounting for any taxation on funds that somehow make it back and incur charges either from Employee Income Tax, Capital Gains Tax for investors, or possible Sales Tax).

Comment Re:Tax avoidance (Score 5, Insightful) 592

When talking about income taxes, yes, you are member of the society, you benefit from such things, you should pay taxes. Companies, however, don't benefit from army, from healthcare and from any other things that society provides. In fact, when nobody uses the company, the company ceases to exist. Taxing the companies only forces the companies to spend every year the most so they don't have to pay such high taxes. For me, it is not bad if for example Microsoft holds great untaxed amount of cash this year and invests it the next year or the year after. The company is already punished for not spending their money by inflation, the income tax is just bad tool and shouldn't be used.

Complete bullshit across the board.

  • Companies, however, don't benefit from army

    Example: Halliburton rebuilding the Middle East

  • Companies, however, don't benefit from...healthcare

    I work in the Healthcare analytics world, a healthy population has a DIRECT correlation to higher productivity from your workforce, ergo higher profits. This is why companies track Health and Productivity Management and implement programs designed to change employee lifestyles to be more healthy.

  • Companies, however, don't benefit from...any other things that society provides
    • Roads and other public infrastructures allow your employees to come to work and customers to purchase your product/service.
    • Police and Fire departments help to protect corporate assets from theft and destruction.
    • Patents and Trademarks should be self-explanatory
    • And the list goes on...

Drop the corporate shill routine that companies don't benefit from the government. They benefit a hell of a lot more than most citizens and at a lower effective tax rate.

Comment Re:See which bastards voted for it (Score 1) 218

Here's the vote of each Senator on this bill. Only 23 voted Nay, only 3 of those Nays were Republicans, and 4 Senators didn't even show up to vote. And President Obama is quite ready to sign it into law.

This country is broken.

It only takes one Democrat president to veto it. Funny how you drop party label for that.

In that case, don't forget that it was Republican Representative Lamar Smith [R-TX21] that introduced the renewal in the House that started the renewal. Honestly, both parties are the problem and the labels mean little at this point.

Comment Re:Oh no (Score 1) 421

Unfortunately the biggest chunk of that capital is in investment funds made up of people's 401K and IRA retirement funds.

And most of that is buried in the derivatives market. That's the hole your 401K is being thrown into, a true gamble, if there ever was one, and it won't take 30 years for it to disappear.

I believe the GP meant it took 30 years of hard work and sacrifice to save up to that quarter of a million dollars, not that it would take 30 years to spend it.

Comment Re:Another moron CEO (Score 3, Informative) 182

On the contrary, the fortune 500 company I work at just migrated their entire intranet infrastructure over to a SharePoint 2010 cluster. When you have a need to be able to quickly deploy/manage department-level sites, you cannot beat SharePoint. While I personally hate the software, it is the equivalent to a Windows Domain for ease of management and configuration at an enterprise-level.

Comment Re:...interesting. Hope it becomes an election iss (Score 1) 203

Where are the mod points when I need them! I don't even bother watching political debates live because the debate questions tend to be a quick rehash of the things we hear on a daily basis. Can we get some real discussion on the issues please?

I just watch the debates live due to the drinking game aspect. I entirely agree that we won't get anything useful from them.

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