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Thread: 20 U.S. companies that paid 0% in taxes

  1. #101
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by sangha View Post
    This entire thread has been devoted to discussing the distinction, and you still don't see it?
    Tsk, tsk!
    The thread is about corporations that didn't pay any taxes.
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  2. #102
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Lord of Planar View Post
    I don't want business to pay any taxes. It is harmful to our global competitiveness. I guess you like all the made in China products we have today. Not I.
    China makes are products because they have cheap labor. Not taxes.
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  3. #103
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by 99percenter View Post
    China makes are products because they have cheap labor. Not taxes.
    It's both.

    Do you think the transportation costs are nonexistent, or could possible offset the labor cost differences?

    Consider these four transactions when thinking only in terms of how taxation affects them.

    US company sells to US customer.

    US company sells to foreign customer.

    Foreign company sells to foreign customer.

    Foreign company sells to US customer.

    OK, some refinement, from a federal taxation viewpoint:

    US company sells to US customer:

    Product sells with the added cost of taxation from production taxation to the customer. One tax added.


    US company sells to foreign customer:

    Product sells with the added cost of taxation from production taxation, and the receiving countries consumption tax. Two taxes added.


    Foreign company sells to foreign customer:

    Product sells with the consumption tax added to the consumer cost. One tax added.


    Foreign company sells to US customer:

    No taxes...


    Now which has the competitive advantage?

    No tax over two creates a huge trade imbalance.

  4. #104
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Anthony60 View Post
    The thread is about corporations that didn't pay any taxes.
    Which I showed the OP was a lie in post 39.

  5. #105
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    Re: 20 U.S. companies that paid 0% in taxes

    Do you think corporate welfare has any relation to this?
    Killing one person is murder, killing 100,000 is foreign policy

  6. #106
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by JasperL View Post
    Well, we can't compete with tax rates of ZERO like many of these tax havens offer. It's absurd - we allow for a "HQ" to be a mail drop in a tiny building with 1,000 other "corporate headquarters." I don't mind competing with countries that offer lower rates for actual businesses, but you can't defend the BS system we have now, where the HQ can be anywhere on the planet that one can send some mail. IMO, if someone wants to put a HQ in Bermuda, move the CEO and all the staff, support, etc. to Bermuda. Otherwise, your HQ is where the OPERATIONS for the HQ are located not where you've moved the piece of paper.

    And they ARE only playing by the "rules" but the rules are corrupt, and if corporations pay $1 billion in lobbying etc. to get those rules, then we need to address the problem there, and not pretend that legislators getting paid (bribed) to pass favorable rules won't pass favorable rules. It's why I've also come to believe step one in any kind of reform is to reform campaign financing.
    Actually, the US along with other nations are cracking down on it. Google FATCA

    According to the IRS regs, business transactions that only provide a tax advantage and no other benefits are illegal. When the IRS starts dunning some of these corps with phony HQ's for the tax plus penalties, that's when we'll see them stop this practice. That is, *if* they actually enforce the law.
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    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Anthony60 View Post
    The thread is about corporations that didn't pay any taxes.

    :

    And how do corps with profits get away with paying no taxes when the rate is so high?

    Answer: because the official tax rate and the effective tax rate are not the same!!
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  8. #108
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Lord of Planar View Post
    Which I showed the OP was a lie in post 39.
    No, you showed that you didn't understand their statement which showed that they got a tax benefit. You thought it showed that they paid taxes
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  9. #109
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Born Free View Post
    Yeah and your anointed one is bitching about companies leaving because of high taxes, maybe you should try and educate your beloved Obama. Tell him companies leave for a variety of reasons and then tell him to stop bitching.
    Do you have anything actually of relevance to what I wrote?

    The vomit you speak of is Obama's, he's the one going around bitching about companies leaving and not paying their fair share of taxes. For me they should leave until we change the tax law to "0" for corporations. Of course liberals don't understand that the shareholders of corporations are double taxed.
    You do realize I'm one of the few licensed public accountants on the forum right?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #110
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Born Free View Post
    Now you show your ignorance.
    This will be good. I suspect you're going to show yours.

    A sole proprietor is stupid, that's way. They has a choice to be a sole proprietor or form an LLC or a "S" corp, which puts them on the same level as a corporation.
    No it doesn't. An LLC or S-corp come with various limitations as how they can raise money compared to a C-Corp not to mention how certain asset classes are treated and how certain items are taxed. They are not "on the same level as a corporation." Furthermore, neither of them offer the identical level of limited liability a C-Corp has. It is FAR easier to pierce the veil of a S/LLC than it is a C-Corp. Furthermore, you utterly failed to address my point. Why should a sole proprietor have the same level of taxation as a C-Corp but the C-Corp gets limited liability? I suspect you won't answer this. You've already run away from it.

    Please refrain from talking about topics you do not understand.

    But I see you don't know the difference. In fact an LLC or a "S" corp is not double taxed as a corporation. Now tell me why LLC's and S corps are not double taxed and the shareholders of corporations are.
    Tell me, have you passed the 4 part CPA test and done the necessary hours to get certified by your state board? I suspect not.

    S-Corps and LLCs are not "double taxed' as C-Corps, but they do not share the same level of capital raising benefits as well as the C-Corp's level of limited liability.

    Why are you so afraid to answer my question?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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