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Thanks To Tax Cuts, Companies' Overseas Profits Now Flooding Back To U.S.
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The VAST majority of that money was acquired by tax loopholes in other countries like Australia that "mostly" have been plugged. It was a one off event, that will never be repeated, sure companies can still bring cash in with what trickles in, but the piggy banks been smashed.
I've yet to see this cash win mentioned in any US Government reports, its all been added in as if been business as usual this year, where its not, there was a one off trillion dollar cash injection that isn't coming again. As soon as the USA dropped tax rates, panic flew around business in Australia with calls for our Government to reduce rates the same, the main arguments were investment wouldn't come in and multinational companies would pull out and head to the USA. However... What's been found is investment has not slowed and no businesses have moved to the USA. There's still call to lower our rates, but they can't use that argument anymore it's been debunked. ie YOU the American public got played. And you got played cos it was all but dirty money and the USA government had these multinationals by the nuts over it, Trump was right to allow the loot to come home, but it shouldn't of been a free pass. The most obvious use is Trumps infrastructure plan, he could of funded the thing with the money benefiting everyone but nah... Billionaire buddy boost. |
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Companies still make money overseas but they just have income now not the accumulated pirate loot Trump's let them bring home.. no strings attached. The tax due on that was your money.. the American publics money, and Trump gave them a free pass where there was no need, just a few dangling carrots would of done it. If you can't see that.. your blind. |
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who is going to foot the bill for the 40% tax cut OP? :1orglaugh:1orglaugh:1orglaugh I mean its nice that the patriotic tax cheats rewarded themselves with buybacks and gave a one time carrot to employees...but the picture is a bit bigger than that... oh and only 12% of the offshore cash came back...88% did not...I was 12% wrong :1orglaugh:1orglaugh:1orglaugh:1orglaugh |
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What's it like to 24/7 hate on #1? :pimp |
Wait till you see Trumpxs re-election results they are going to be insane
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and you must be naive to think countries no longer offer [tax] law incentives to setup in their country. Just look at Volkswagon, audi, Mercedes in eu, they're setting up in countries that look the other way about their cheating pollution laws with their defeat devices. |
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now they can bring it back for as little as 10%. but donīt forget for how long they did that. it was clear that there is ONE BIG wave coming. and next year ? your problem is that you think for the moment and never have your mind in what will be next. |
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actually this was the one and only smart thing trump has ever done. and he did nothing else than many other countries are doing because no company want to pay tax twice. you should keep in mind that the profit they made in this countries is already taxed there. if they bring it home and have to tax it again on a high rate it is truly unfair. but that doesn't mean that this spring keeps bubbling up at this altitude. here only money returns that was earned in decades and that's exactly how long the mountain has grown. in the coming years this will not only be much less but is an incentive for companies to relocate production abroad - pay very little tax there and return the money to the USA for 10%. whose jobs do you think will suffer? |
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So why exactly do you keep referring to these profits as ill gotten gains? PS - the money they are bringing home this year is more than Australia's GDP and half of Tommy boy's. :pimp U mad? :1orglaugh |
This seems to be working great for Harley Davidson.
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From the little I have read about this, it seems like this might be pretty good for companies in the US. Will it trickle down to employees is another story, but ok, on the face of it, I'll give ol' Trumper-do a +1 for this, for now. I reserve the chance to change my mind on this later.
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On any given day they can hate Harley Davidson, and the next day love them as the all American motorcycle brand, then a week later hate them as an enemy of American values, then a month later love them as embodying everything all American. Sad but true. Trump cultists used to be against taxes. Now Trump cultists are pro taxes and tarrifs. Tarrifs are a form of tax we pay on the increased cost of goods and services and tarrif profits go straight to the government :evil-laug |
[QUOTE=OneHungLo;22295112]
:thumbsup:thumbsup:thumbsup:thumbsup |
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out of that it will inspire the US companies to produce and sell abroad. if they pay 5% tax in the offshore country + 10% to bring the money back it is 15% and not 25% as they would pay inside US with additional higher labor costs there. why do you think the companies react like trump wants? they react the way they can save most money. and they will go to hell if that brings them an advantage. they give a shit on US workers or the image of your oval office monkey. you really donīt have a clue ! |
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but this here have nothing to do with a political meaning. this is a cult and the brainwashed puppies are jumping behind every ball - even when it is thrown from the 15th floor balcony to the street. they sound like north koreans getting interviewed by a western TV show. the only difference is that the north koreans are forced to tell crap. |
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You the American public were owed 35% tax on that, Trumps dropped it to 15% and said bring it back no questions asked. There were not deals, no negotiating just here's a big fat tax payer carrot to suck on, no conditions attached at all. you the tax payer got played for the sake of a dozen companies... |
most if not all that money is going to stock buy backs, automation, or just sitting there. Little to non has reached the american worker.
Small one time bonus payouts to a few workers..big whoop! Insurance premiums rising, gas, and other items eats that bonus up just like that! Chump gave himself and his family billions with that tax cut, but do go on about how he's for the working man |
well at least he created terrific value for a few shareholders :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh
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This is only partially true. Much of this money has paid very little tax before going back to the US. Tech companies selling non tangible goods likely paid zero corp tax as they book the sale to the offshore haven that their structure eventually domiciles them in. These companies really should show some corporate responsibility. They are allowed to operate in a free affluent society. They make profits beyond their wildest dreams - then they hoard it offshore. Why should they not pay taxes ? Why should their success not help to support the society which feeds their wealth ? What fucking use is a pile of money so large you could never even count it ? They have to ask themselves what is the actual point of all this money ? What happened to "do no evil ?" |
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Keep on talking. You're entertaining now, but shortly, I'll bypass all your entries. |
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But the Obama followers weren't ? Pull your head out of your ass, wake up and maybe one day you'll make sense. |
And most of it is being used for stock buy backs. Wages are still pretty much flat. And now when a dem is president again, the gop will scream about the huge deficit.Now they dont say a word. lol
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Trumps fault? What exactly is the connection to Trump and the company that accrued BILLIONS in debt over the last couple decades? None? Oh, OK. Got it. Someone made a video just for you called "All About Bladewire" |
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anyone who's actually studied economics in an academic setting is taught this first. |
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this is a very other chapter of the book but the pavlovīs dogs seems to think indeed that american companies give a shit on them. however this money comes in the facts are: 1. this sum is a sum what was made in decades and it will not be the same ever again. 2. if it wentīs to the state it will be taxed with 10% MAXIMUM - the smart ones will give it to their own charity holdings and pay nuts. 3. even with this 10% tax the most of the offshore incomes did not went back. 4. it will give american based companies one more reason to go abroad. the fucking easiest way to prevent tax is to sell a product what was produces on 100 dollar costs for 110 dollars to an offshore daughter. this offshore daughter sells it for 500 dollars to any country they want. 10 dollars profit will be taxed in US and 390 dollars profit will be taxed for peanuts (like 1%) offshore. i donīt really understand why pavlovīs dogs donīt get that. I'm still wavering between completely dumb and under educated and something I could not find out yet. |
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