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

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

  • Yes

    Votes: 23 62.2%
  • No

    Votes: 8 21.6%
  • Other

    Votes: 6 16.2%

  • Total voters
    37
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?"
Of course, because no companey or indivigual should be taxed more than 10% of their grose income anyway. The way I see it Uncle Same owes BK a 2.6% refund, with interest, and a public apology.
 
Yes, they should be allowed to do business in the USA unless you want the thousands of jobs they provide to go away.

Retail doesn't create jobs. If Burger King disappeared tomorrow no money or jobs would be lost.
Stupid to think otherwise.
 
Corporations need to do everything they can to hold on to their money and keep it from getting into the hands of a greedy irresponsible government out of control. BTW, inflation adjusted federal tax revenues hit a record $2,46 trillion for the first 10 months of the fiscal year this July. And it's still not enough for the monetary vampires in Washington.
 
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Your contribution is duly noted.
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.
 
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.

Thanks for the advice. I will get right on that. Thanks again.
 
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?"

Any company doing business in the US pays US taxes.
 
Any company doing business in the US pays US taxes.
But no more than what US taxes should be, which is 10% of income with no exeptions or exemptions of any kind. Any amount paid over that 10% is due back to the buisness with interest.

This thread is about how BK was over taxed and the government still wants more.
 
What's sad is there seems to be those of a certain *cough*Tea-Party*cough* mindset that seem to think that it's patriotic to avoid paying taxes.

Unless said taxes are used to bomb other countries.
 
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?"

Since this basically boils down to "should we trade with other countries", the incredibly, incredibly, incredibly obvious answer is "yes".

We tried to shut down trade once in the early 30s. Results were.... bad....
 
Of course.
The tax code has a number of tax credits and tax deductions for the expressed purpose of encouraging certain behaviors, like charity and research and development. Seems odd to want to ban companies that simply are doing the things that Congress and the President want them to do.
 
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?
 
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.
 
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.
 
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".
 
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.
 
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.
 
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.



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. :)


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. :thumbs:


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.

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. :2wave:

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

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.
 
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.

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.
 
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