It is simply not as easy as tearing up the old deal and starting over.
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We will be. We've signed on too. OECD's BEPS Plan, Geezer. Many changes in tax structures, but, ultimately, they add up to a bunch of moves to eliminate the Ireland/Luxembourg/Netherlands/Switzerland tricks of using individual tax rulings or ring-fenced loopholes designed for a specific subset of companies, and diminishing the ability to shift profits to countries in which a company lacks, workers, facilities or sales. If Apple wants to pay taxes on its intellectual property in Ireland, it will have to have its R&D people living and working there. Unintended consequence of that is the EU Competition Commission applying the new rules retroactively, which is how they've gone after Google and Apple and the like. I was told today that some US tech firms are now paying taxes to Ireland that Ireland is not asking them to pay.
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Also, while DJT isn't able to pass anything because he's politically inept, he is doing a nice job of undoing some of Obama's more egregious administrative state bullshit. Though, he may get to sign legislation that slaps around Cordray and his stupid CPFB.Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.
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My 30 year experience in large corporate America is that unexpected positive bottom line health (through tax rate abatements, tax reductions, efficiency increases, etc) the bulk goes directly into executive compensation for exceeding targeted goals, some to debt reduction, a little to R&D and nothing for the drones.
Targeting small business rather than corporations (I believe) is the way to go in corporate tax reform. Lets call it trickle up theory. Strong small business generates capital that consumers can use to purchase product made by mega-corps.“Outside of a dog, a book is a man's best friend. Inside of a dog, it's too dark to read.” - Groucho Marx
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Originally posted by Ghengis Jon View PostMy 30 year experience in large corporate America is that unexpected positive bottom line health (through tax rate abatements, tax reductions, efficiency increases, etc) the bulk goes directly into executive compensation for exceeding targeted goals, some to debt reduction, a little to R&D and nothing for the drones.
Targeting small business rather than corporations (I believe) is the way to go in corporate tax reform. Lets call it trickle up theory. Strong small business generates capital that consumers can use to purchase product made by mega-corps.
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Originally posted by Ghengis Jon View PostMy 30 year experience in large corporate America is that unexpected positive bottom line health (through tax rate abatements, tax reductions, efficiency increases, etc) the bulk goes directly into executive compensation for exceeding targeted goals, some to debt reduction, a little to R&D and nothing for the drones.
Targeting small business rather than corporations (I believe) is the way to go in corporate tax reform. Lets call it trickle up theory. Strong small business generates capital that consumers can use to purchase product made by mega-corps.
This would be a massive benefit to us, especially since we need at least another 2 employees at a minimum. and we would like to have the extra money to improve our building, or to rebuild our website, or for a new copier-all in n one. I'm sitting on a chair that I can't rock back in without it tipping over.
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Just removing the tricks multinationals have available to them would really help small businesses. I think multinationals once maybe truly believed that they had to get big to compete, but for a great deal of them the real gains from staying overseas are in legal tax avoidance. For now. We're at that part of the cycle where government closes loopholes, and catches up. New system. They'll find loopholes in that too, eventually.
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Originally posted by hack View PostKapture I have an extra print/copy/fax/scanner. Just a year old. $50, ok? I'll deliver for an extra $5.
I don't think your unit would handle very well with the volume that we do, but that is a guess without knowing nothing more than the price.
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