View Poll Results: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

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  • Yes

    26 61.90%
  • No

    10 23.81%
  • Other

    6 14.29%
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Thread: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

  1. #41
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Burger King will still be paying US taxes on income earned in the US. For some reason, our government seems to think that if you have your corporate headquarters in the US ALL income, whether earned in Canada, France, or China, is taxed in the US. Most other countries only tax a corporation on income earned in that country. Why should BK pay US corporate tax on all their income worldwide as well as Canadian corporate taxes on income earned in Canada?

  2. #42
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by Grand Mal View Post
    Retail doesn't create jobs. If Burger King disappeared tomorrow no money or jobs would be lost.
    Stupid to think otherwise.
    That's one of the dumbest things I have ever heard. Not only would the clerk behind the counter would lose their job but you have beef producers, truck drives, and farmers that employed losing their jobs.

  3. #43
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by TheDemSocialist View Post
    There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
    Sure they should.

    They only avoid paying US taxes on money earned outside the US. All US profits are still taxed the same. The US should only be allowed to Tax on US earned profits, not worldwide profits.
    Only a fool measures equality by results and not opportunities.

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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by Eric7216 View Post
    Burger King will still be paying US taxes on income earned in the US. For some reason, our government seems to think that if you have your corporate headquarters in the US ALL income, whether earned in Canada, France, or China, is taxed in the US. Most other countries only tax a corporation on income earned in that country. Why should BK pay US corporate tax on all their income worldwide as well as Canadian corporate taxes on income earned in Canada?
    Because the left thinks it should be able to steal as much as possible to give to their voting demographics in the form of "entitlements".
    Only a fool measures equality by results and not opportunities.

  5. #45
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by cpgrad08 View Post
    That's one of the dumbest things I have ever heard. Not only would the clerk behind the counter would lose their job but you have beef producers, truck drives, and farmers that employed losing their jobs.
    C'mon, it's simple supply and demand. If there's a demand, and Burger King isn't there to supply it, does the demand disappear too or do all those obese, unhealthy customers waddle with their dollars through a different door?
    Burger King doesn't create jobs. Neither does Target. Wealth creates jobs and retail doesn't create wealth.
    "I did not mean that Conservatives are generally stupid people. I meant that stupid people are generally Conservatives."
    -John Stuart Mill-

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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Allowed to do business in America?

    Heck...let's give them medals for originality.

    Corporate/business taxes are little more then double taxes, are harmful to business and totally useless, IMO.

    All business/corporate taxation should be ended immediately and I applaud any company/corporation who finds a way around paying these ridiculous taxes.

  7. #47
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by Mason66 View Post
    Any company doing business in the US pays US taxes.
    20 big profitable US companies paid no taxes


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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by TheDemSocialist View Post
    Kudos to them for avoiding the silly and destructive corporate taxation.

  9. #49
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by TheDemSocialist View Post
    There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
    I voted "other." They need to overhaul the tax code completely. The rates look horrible on paper, but in practice, corporations usually pay a fraction of that. Close the loopholes, reflect the *real* rate, and enforce those rates strictly. Easy peasy.



    Quote Originally Posted by GBFAN View Post
    I invest my money with a company .... that company has a responsibility to MAXIMIZE my investment.
    Any other questions?
    What's your opinion on social responsibility? If a company is making you money, but say, doing it off forced child labor for example... Would you move your investment? Or would you not factor that into the equation? I'm sincerely curious.


    Quote Originally Posted by Hari Seldon View Post
    Avoidance is legal and you can't blame entities for trying to minimize their bill. Evasion is illegal and should be punished. The rich love those swiss banks. You could lower the rate but eliminate all the loop holes and actually create more revenue. But it would never pass as too many politicians benefit from a variety of these loopholes. Beside the Repugs in congress are incapable of doing anything other than voting to repeal the ACA or filibustering.
    See underlined. My thinking, as well.


    Quote Originally Posted by PirateMk1 View Post
    No Mark Levin does not call that crony capitalism. What Mark Levin calls corporate cronyism is corporations that are in bed with government and get government set asides handouts and regulations that eliminate competition. It is the companies fiduciary duty to provide a return on investment to the investors of the company.
    I'd be hard-pressed to think of a major corporation that doesn't fit that description in this day and age.

    Quote Originally Posted by Jerry View Post
    I think you meant to say "Bookmarked", assuming you're wise and using Google Chrome. Or "Favorites" if not. Anyway you should be 'noting' or Bookmarking the dictionary, not my posts. Your fandom flatters me.
    Good morning, Jerry.

    Thanks for that post, I got a good wake up, much-needed morning laugh!

    Quote Originally Posted by DVSentinel View Post
    Because the left thinks it should be able to steal as much as possible to give to their voting demographics in the form of "entitlements".
    That's a pretty superficial analysis, IMHO.

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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by Grand Mal View Post
    Retail doesn't create jobs. If Burger King disappeared tomorrow no money or jobs would be lost.
    Stupid to think otherwise.
    Quote Originally Posted by cpgrad08 View Post
    That's one of the dumbest things I have ever heard. Not only would the clerk behind the counter would lose their job but you have beef producers, truck drives, and farmers that employed losing their jobs.
    Difficult concept to grasp for some it would appear, the value chain from raw materials to manufacture and then to products for sale, and all the jobs all along the value chain to sustain it.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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