08-28-2008, 02:42 PM | #11 | |
Demiurge
Join Date: Aug 2005
Posts: 36,367
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Please, don't say yes and make a fool of yourself. |
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08-28-2008, 02:47 PM | #12 |
Senior Member
Join Date: Jul 2006
Posts: 860
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No one pays??? Do you do any investing? Maybe you don't pay attention to the numbers but the companies I follow report their earnings and taxes paid.
Yes, some of them have found they can lower their net taxes by moving divisions overseas. Labor costs of course are also an issue -- one company I invest in just closed a plant in France to save money -- moved the production to the US. There is a provision for writing off certain R&D and capital expenses (e.g. new manufacturing plants) incurred in the US -- this is a big plus for the US and it needs to be continued. People in the US need to wake up, its a global economy and being a guy on an assembly line you are going to be competing with workers in Mexico, Europe and Asia. Its no longer the ticket to a comfortable "middle class" income. The gummerment can't change that. |
08-28-2008, 02:48 PM | #13 | |
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Location: NOVA
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http://krugman.blogs.nytimes.com/200...-greek-menace/
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08-28-2008, 02:49 PM | #14 | |
Demiurge
Join Date: Aug 2005
Posts: 36,367
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Quote:
I'm more impressed when they move the plant from China to the USA. |
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08-28-2008, 03:03 PM | #15 | |
Senior Member
Join Date: Jul 2006
Posts: 860
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A lot of the write-offs that I am aware of are past loss carry-forwards, and as the linked articles show you only pay US taxes on profits of overseas subsidiaries when you "re-patriotize" them. If you make that too expensive the companies will just move their corporate headquarters overseas. |
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