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Thread: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts


    In other news today ... Water is wet.
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by MTAtech View Post
    Corporations may dodge billions in U.S. taxes through new loophole: experts


    Nobody (except everybody) could have predicted that a thousand-page bill written in a few days with no hearings would be full of loopholes.
    I'm no accountant or tax guy, but I don't see the problem.

    Shay said some multinationals could reduce their cash positions, and the amount of money subject to the higher rate, through legitimate distributions including dividend payments.
    So...if a corp did this, then they don't have the cash anymore, right? Someone else does. That someone else might be someone who will pay US taxes...maybe at a higher rate? In any case, this loophole will have the desired effect of getting the money back to the States...or at least, most of it.
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Let's call this "The Dollar That Got Away". The democrats want to capture it and send it off to some rathole country that has democrats who want to immigrate.
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by chuckiechan View Post
    That is due to the change in the tax rate designed to get them to bring that capital back to the USA.

    What fries my grits, Is Apples new HQ is a five billion dollar write-off. I’m all for write offs for plant and equipment, but there comes a point at which excess spending on lavish HQ’s should be looked at.
    Do we have a shortage of money in the US? If so, how is the stock marking going up so much? Are banks short on money?

    If we have a money shortage, then why dont we just print more?
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by MTAtech View Post
    The prior tax-bill had intentional language but there for whatever reason. This hastily written bill has all kinds of language that does things that were not intended. In this case, allows corporations to make all kinds of tax avoidance that wasn't the objective of Congress. That's what a loophole is.
    How do you know it wasn’t intended

    Repatriating these profits has been a priority for years

    And zero was what we were collecting before.....

    Now we are getting 8%....win....
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by imagep View Post
    Do we have a shortage of money in the US? If so, how is the stock marking going up so much? Are banks short on money?

    If we have a money shortage, then why dont we just print more?
    Are you saying there aren’t places es where investments would help?

    Wow...didn’t realize our country was so well funded in every area
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by gdgyva View Post
    Are you saying there aren’t places es where investments would help?

    Wow...didn’t realize our country was so well funded in every area
    Sure investment would help. But holding money doesnt equal investment. If a profitable company sees a business opportunity, they should be able to raise the money to expand into that area. We have no lack of US Dollars, our government makes more dollars every year, and bank loans are effectively self funding (the resulting deposit of the proceeds of the loan funds the loan).
    Quote Originally Posted by ocean515 View Post
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    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by MTAtech View Post
    Corporations may dodge billions in U.S. taxes through new loophole: experts


    Nobody (except everybody) could have predicted that a thousand-page bill written in a few days with no hearings would be full of loopholes.
    Im guessing you think this is a bad thing, but it isnt. The less taxes corps pay, they better it is for consumers, employees, and investors. The only bad thing here is the time and money theyre spending exploiting these loopholes, but its a net savings.

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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by jonny5 View Post
    Im guessing you think this is a bad thing, but it isnt. The less taxes corps pay, they better it is for consumers, employees, and investors. The only bad thing here is the time and money theyre spending exploiting these loopholes, but its a net savings.
    Glad to see you reverse your position on debt, deficits, and your favorite topic... the spooky debt ceiling!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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    Re: Business Insider: Corporations may dodge billions in U.S. taxes through new loophole: experts

    Quote Originally Posted by jonny5 View Post
    Im guessing you think this is a bad thing, but it isnt. The less taxes corps pay, they better it is for consumers, employees, and investors. The only bad thing here is the time and money theyre spending exploiting these loopholes, but its a net savings.
    While lower corporate tax is good for investors, whose ownership of stocks are concentrated in the top 1%, lower corporate taxes have no effect on consumers or employees and a negative effect on tax-payers -- who now have to make up the revenue difference that corporations formerly paid.

    Anyone who thinks that lower corporate taxation results in cheaper product costs for consumers, doesn't know economics. We covered all of this years ago, here (Apple CEO Criticizes Tax Code).

    Also, there is no evidence that corporations invest more when they get a tax break.
    Last edited by MTAtech; 01-17-18 at 09:30 AM.
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