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

  1. #81
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by Μολὼν λαβέ View Post
    The last time I went to Burger King I could swear I saw people working there.
    'Course you did. And if Burger King ceased to exist there wouldn't be a missed beat before all those people worked elsewhere, flipping little poison patties and super-sizing America. The economy doesn't expand or contract an inch with the opening and closing of fast-food joints. In that industry the wealth was created on the farm and the demand WILL be met, Burger King or no. Same with retail- all those WalMarters will be employed whether WalMart exists or no. No wealth is created by retail.
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  2. #82
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by eohrnberger View Post
    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.
    Creation of value stops at the retail level. It doesn't matter which cartoon character is on the bag at the drive-thru, the cow will die and be processed and the fat guy will pass a sweat-wetted handful of bills through the window. Same with WalMart, Sam and Janet Devening will buy plastic furniture from Sri Lanka whether they're greeted by a geriatric in a blue apron or they're on a covered patio beside the Piggly Wiggly.
    It's about creation of wealth, which is where jobs come from. 100-series Economics.
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  3. #83
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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
    'Course you did. And if Burger King ceased to exist there wouldn't be a missed beat before all those people worked elsewhere, flipping little poison patties and super-sizing America. The economy doesn't expand or contract an inch with the opening and closing of fast-food joints. In that industry the wealth was created on the farm and the demand WILL be met, Burger King or no. Same with retail- all those WalMarters will be employed whether WalMart exists or no. No wealth is created by retail.
    Eliminate retail and then what? No goods, no services, no jobs. Your theory doesn't fly.
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  4. #84
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by Μολὼν λαβέ View Post
    Eliminate retail and then what? No goods, no services, no jobs. Your theory doesn't fly.
    Eliminate retail? Is that what you got from my post?
    This isn't 'my theory', it's economics at the most basic level possible. Sorry, dude, but you seriously need to get a little book-learning. Your instincts or intuition or folklore or whatever you're relying are isn't cutting it.
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  5. #85
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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
    Creation of value stops at the retail level. It doesn't matter which cartoon character is on the bag at the drive-thru, the cow will die and be processed and the fat guy will pass a sweat-wetted handful of bills through the window. Same with WalMart, Sam and Janet Devening will buy plastic furniture from Sri Lanka whether they're greeted by a geriatric in a blue apron or they're on a covered patio beside the Piggly Wiggly.
    It's about creation of wealth, which is where jobs come from. 100-series Economics.
    I would disagree at what I believe your assertion to be, which is that there is no value in retailing. If this were so, then why would there be any retailers? Why would there be shopkeepers?

    No, there is value is retailing, establishing and maintaining the buyer contacts to obtain the merchandise, in putting the merchandise in customer attracting displays (or not, venue and marketing pitch depending), there is value in servicing the customer, making the sale, tending the payment, wrapping up the purchase, and accepting the return, should it be unsatisfactory or defective.

    In the fast food venue, the value is in cooking and preparing the food, establishing and maintaining the connections upstream in the value chain, taking the order, tendering the payment, and keeping the establishment properly clean and the food properly prepared.

    There are many jobs in retailing and food service, albeit most at the lower end of the wage scale, that add value.
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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?"
    Instead we should ask ourselves why businesses are heading to Canada in the first place. Perhaps its time to finally attack employer health insurance and equalize our corporate tax rates to the rest of the OECD.

  7. #87
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by eohrnberger View Post
    I would disagree at what I believe your assertion to be, which is that there is no value in retailing. If this were so, then why would there be any retailers? Why would there be shopkeepers?

    No, there is value is retailing, establishing and maintaining the buyer contacts to obtain the merchandise, in putting the merchandise in customer attracting displays (or not, venue and marketing pitch depending), there is value in servicing the customer, making the sale, tending the payment, wrapping up the purchase, and accepting the return, should it be unsatisfactory or defective.

    In the fast food venue, the value is in cooking and preparing the food, establishing and maintaining the connections upstream in the value chain, taking the order, tendering the payment, and keeping the establishment properly clean and the food properly prepared.

    There are many jobs in retailing and food service, albeit most at the lower end of the wage scale, that add value.
    Yes, there are many jobs at the retail level and none of them depend on the existence of a particular retailer. There are exactly enough retail jobs to service the market and if one disappears here another pops up there. No jobs are created by the retailers- the jobs are created by the customers with dollars in their pockets. Creation of wealth means putting dollars in those customer's pockets so the dollars can be passed through the drive-thru window or paid at the Target check-out. If industries that create wealth lose jobs then retailers will lose jobs too but there's no way retailers can create jobs.
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  8. #88
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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
    Yes, there are many jobs at the retail level and none of them depend on the existence of a particular retailer. There are exactly enough retail jobs to service the market and if one disappears here another pops up there. No jobs are created by the retailers- the jobs are created by the customers with dollars in their pockets. Creation of wealth means putting dollars in those customer's pockets so the dollars can be passed through the drive-thru window or paid at the Target check-out. If industries that create wealth lose jobs then retailers will lose jobs too but there's no way retailers can create jobs.
    I guess we'll just have to agree to disagree on this one. I maintain my position.
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    Re: Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?

    Quote Originally Posted by NIMBY View Post
    Outgoing Ways and Means Chair Dave Camp was actually allowed to put forth his Tax-rewrite bill this term as a favor since he is chair-term-limted and is retiring.
    Even though it didn't have a prayer of getting a vote on the dysfunctional House floor.
    Most agree this is what is needed.

    Btw GOPs, Paul Ryan will be no lackey on this issue and has serious scores to settle within his own party.
    As soon as he gives up on President for about 10 years, he will get this House in order .
    Forbes had an article that says Treasury Sec Jack Lew is thinking about regulatory curbs and that Chuck Schumer has a bill that govtrack rates as a 2% chance of passage.
    I bet the corporations are quaking in their collective board rooms!

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