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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

TheDemSocialist

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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?"
 
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?"

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.
 
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.

No tea party group I know of or read about thinks it's patriotic to avoid paying taxes. They are against the massive debt our country has, they believe in a balanced budget approach, they want to see more jobs and less welfare. Want to know what's sadder? Pathetic morons on the internet maligning groups they read about in Mother Jones or the Daily Kos and have zero understanding or experience who demegogue out of nothing but partisan loyalty. That's no only sad but irresponsible.
 
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?"

What taxes is BK avoiding by changing their company HQ post merger?
 
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?"

Where is your source?

And the usa today published an article that essentially said bk will still pay the same taxes
 
We don't need to be a tyrannical nation. Policy makers know what will keep (and bring) companies in this country and they are to blame if companies leave.
 
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 .
 
John Boehner is also benefiitting from inversions in his private portfolio--not that he knows what he's doing.
He's admitted in public he's not an economic expert.
Good thing he has Paul Ryan around .
 
Mark Levin calls this crony capitalism and calls out elitist republicans as well as libruls .
I invest my money with a company .... that company has a responsibility to MAXIMIZE my investment.

Any other questions?
 
If I owned a standalone business in Delaware and a standalone business in a Florida which in turn was owned by a NJ business, it wouldn't be long before it'd occur to me that the Florida business should own the DE and NJ business rather than the NJ business owning the FL and DE business. The NJ business is itself subject to taxation on whatever business it does in NJ and will remain so, just like Burger King who will also remain subject to taxation based on profits earned in the US. This isn't about transfer pricing which is already illegal, it's about taxing foreign earned profits in subsidiaries. Not to mention, the tax is easily avoidable simply by not repatriating the funds.
 
Politicians squander tax revenues, bottom line. Not only that, but they avoid paying as much as they can in taxes themselves. If you want to pay more taxes, then go for it.
 
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?"

Yes, they should be allowed to do business in the USA unless you want the thousands of jobs they provide to go away.
 
I invest my money with a company .... that company has a responsibility to MAXIMIZE my investment.

Any other questions?

I was providing sources to back up the OP.
However I fundamentally disagree with that opinion. That is why I am against "free trade" and "neoliberalism"
 
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.
 
Dictionary.com | Find the Meanings and Definitions of Words at Dictionary.com


maximize [mak-suh-mahyz]

verb (used with object), maximized, maximizing.

1. to increase to the greatest possible amount or degree:

Next question?

Based on that answer a company should do everything to maximize your investment (stock price & dividends). Many corporations choose to invest in additional R&D or expand operations at the expense of current profits. Others choose to maximize current stock price at the expense of future profits. The trick is to find a happy medium. Moving operations over seas might seem like a good idea until you have to deal with fraud and an emerging middle class causing labor costs to rise significantly. Point being "maximize" is subjective concerning corporations. Look at Bezos, he dumps almost all his profits into future operations at Amazon or the trillion or so major corporations have sitting in cash and NOT sending out dividends to their investors.
 
Based on that answer a company should do everything to maximize your investment (stock price & dividends). Many corporations choose to invest in additional R&D or expand operations at the expense of current profits. Others choose to maximize current stock price at the expense of future profits. The trick is to find a happy medium. Moving operations over seas might seem like a good idea until you have to deal with fraud and an emerging middle class causing labor costs to rise significantly. Point being "maximize" is subjective concerning corporations. Look at Bezos, he dumps almost all his profits into future operations at Amazon or the trillion or so major corporations have sitting in cash and NOT sending out dividends to their investors.

It is pretty simplistic to assume that I meant that all I care about is current profits. In fact, not only is it simplistic, but it's dead wrong. Long term value outweighs short-term gain every time.

But, then again, that wasn't the question posed by this thread, was it?
 
How much is enough during this epilogue to the second Gilded age?

We all know the first Gilded age ended with the great depression and the 2nd gilded age begun during
Reagan with Romney hedge-funders caused the Bush depression.

This stock-market boom enriching GOP portfolios they don't give Obama credit for won't last forever.

The invention of interest money is the Bain of corrupt crony capitalism .
 
It is pretty simplistic to assume that I meant that all I care about is current profits. In fact, not only is it simplistic, but it's dead wrong. Long term value outweighs short-term gain every time.

But, then again, that wasn't the question posed by this thread, was it?

I did ask for a definition and you gave me the dictionary. Its your comment that was simplistic and basically meaningless. A company has no responsibility to MAXIMIZE YOUR investment.
 
Mark Levin calls this crony capitalism and calls out elitist republicans as well as libruls .

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.
 
Should congress realize that predatory taxation is an excellent way to watch the private capital of the country go elsewhere ?
 
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?"

Isn't Burger King still paying taxes on what their companies earn in the US when they relocate their headquarters to Canada?
 
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