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#1
posted to rec.boats
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On Thu, 03 Nov 2011 08:42:39 -0400, Drifter wrote:
I wonder why corporations leave the US tax haven and move to far off places? Harry knows the answer but he won't admit it. ====== It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. |
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#2
posted to rec.boats
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On 11/3/11 1:32 PM, Wayne.B wrote:
On Thu, 03 Nov 2011 08:42:39 -0400, wrote: I wonder why corporations leave the US tax haven and move to far off places? Harry knows the answer but he won't admit it. ====== It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. Beardsley's corporate apologetica continues. |
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#3
posted to rec.boats
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On 11/3/2011 1:53 PM, X ` Man wrote:
On 11/3/11 1:32 PM, Wayne.B wrote: On Thu, 03 Nov 2011 08:42:39 -0400, wrote: I wonder why corporations leave the US tax haven and move to far off places? Harry knows the answer but he won't admit it. ====== It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. Beardsley's corporate apologetica continues. Wayne made an intelligent assumption and you made a fool of yourself, AGAIN. Way to go WAFA. -- 1-20-13 The end of an error |
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#4
posted to rec.boats
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On Thu, 03 Nov 2011 14:53:59 -0400, Drifter wrote:
It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. Beardsley's corporate apologetica continues. Wayne made an intelligent assumption and you made a fool of yourself, AGAIN. Way to go WAFA. ========= Proving once again that you can't educate those who already know everything, or those who don't know what they don't know. :-) |
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#5
posted to rec.boats
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On 11/3/11 4:07 PM, Wayne.B wrote:
On Thu, 03 Nov 2011 14:53:59 -0400, wrote: It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. Beardsley's corporate apologetica continues. Wayne made an intelligent assumption and you made a fool of yourself, AGAIN. Way to go WAFA. ========= Proving once again that you can't educate those who already know everything, or those who don't know what they don't know. :-) The only thing that you've proven in all your corporationist posts, Beardsley, is that no matter what excesses corporations commit, you'll favor them. |
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#6
posted to rec.boats
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On Thu, 03 Nov 2011 16:10:04 -0400, X ` Man
wrote: On 11/3/11 4:07 PM, Wayne.B wrote: On Thu, 03 Nov 2011 14:53:59 -0400, wrote: It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. Beardsley's corporate apologetica continues. Wayne made an intelligent assumption and you made a fool of yourself, AGAIN. Way to go WAFA. ========= Proving once again that you can't educate those who already know everything, or those who don't know what they don't know. :-) The only thing that you've proven in all your corporationist posts, Beardsley, is that no matter what excesses corporations commit, you'll favor them. ======== Usually when I run into someone with attitudes similar to yours it turns out that they were never able to get, or hold, a job with a corporation. Frequently the reason is related to personality, skills (lack thereof) or work ethic. I'd guess that in your case it's a personality issue. Hopefully Ms. Greer will be willing to keep you on a while longer as CEO job at Harry Krause & Associates. That would be the pits getting fired from your own company. |
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#7
posted to rec.boats
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On 11/3/11 5:50 PM, Wayne.B wrote:
On Thu, 03 Nov 2011 16:10:04 -0400, X ` Man wrote: On 11/3/11 4:07 PM, Wayne.B wrote: On Thu, 03 Nov 2011 14:53:59 -0400, wrote: It's not that simple. A lot of Fortune 500 companies are multi-nationals meaning that they do business internationally and generate profits in different countries/currencies. If they repatriate that money back to the US they get hit with double taxation, first where they earned it, and again here when they bring it back. A lot of them would like to bring profits back but not at the cost of double taxation. Beardsley's corporate apologetica continues. Wayne made an intelligent assumption and you made a fool of yourself, AGAIN. Way to go WAFA. ========= Proving once again that you can't educate those who already know everything, or those who don't know what they don't know. :-) The only thing that you've proven in all your corporationist posts, Beardsley, is that no matter what excesses corporations commit, you'll favor them. ======== Usually when I run into someone with attitudes similar to yours it turns out that they were never able to get, or hold, a job with a corporation. Frequently the reason is related to personality, skills (lack thereof) or work ethic. I'd guess that in your case it's a personality issue. Hopefully Ms. Greer will be willing to keep you on a while longer as CEO job at Harry Krause& Associates. That would be the pits getting fired from your own company. Oh, Beardsley,...give it up. I'm simply not a fan of the sort of corporate abuse that has been perpetrated on this country since the 1980's. I've worked for corporations, and I still have as clients several corporations with whom I have been doing business for decades. In fact, I just finished a draft of a speech one of my clients will be presenting and will get paid in the five figures for it. You seem to be "stuck" on a Florida corporation that hasn't been active for well over a decade. That's your problem, not mine. |
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#8
posted to rec.boats
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