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Install Windows posted:It's way easier to make a list of companies that don't do this. Repeal all corporate law. Just get rid of it all it exists as nothing more then a way for the rich to hide away their wealth.
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May 11, 2014 00:32
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Robviously posted:http://abcnews.go.com/Politics/wireStory/rubio-visit-hampshire-weighs-2016-run-23651340 edit: my father, an accountant in another life, always cautioned me about the term "tax evasion", since that's only for when you are breaking the law. If you're doing it legally it's called tax avoidance.
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May 11, 2014 00:33
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Robviously posted:Mr. Rubio goes to New Hampshire. To be fair, most republicans want to take the country back to an era that never really existed in the first place.
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May 11, 2014 00:36
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Samurai Sanders posted:Are you saying the Republicans can't win elections if their arguments are bad? Bad arguments are one thing, this is comically stupid. It's the equivalent of asking people if they want free money.
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May 11, 2014 00:39
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Robviously posted:Bad arguments are one thing, this is comically stupid. It's the equivalent of asking people if they want free money. Hillary wants to drag us back to those dark times when the economy was booming under a president with a D next to his name and we weren't jumping at our shadows thinking they might be terrorists. The GOP's worst nightmare.
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May 11, 2014 00:47
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BUSH 2112 posted:When I was 11 or 12 a girl whose parents were also huge libertarians saw me curiously eyeing up a copy of The Fountainhead that she was reading, and immediately handed it to me with no prompting. After that I openly identified as an Objectivist. I know objectivists aren't shy about handing out Rand's books, but I can't figure out how they square it with their anti-charity position. Why don't they think that anyone who doesn't buy it on their own isn't deserving of the enlightenment it brings?
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May 11, 2014 01:09
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I had a week-long Objectivist phase before realizing that Objectivism was welcome in local churches. Then it suddenly clicked that Objectivism was Southern Baptist just-so stories without God. I also don't like Southerners much. Other than that, I've never had a right-wing belief in my life. Being raised as a bad Catholic helped. Hell, I even remember starting some poo poo during the mock election that lead to teachers from the adjourning rooms coming into our class to restore order. Big Hubris fucked around with this message at 02:53 on May 11, 2014 |
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May 11, 2014 02:37
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The most right-wing thing I've ever done was cry when Bill Clinton got elected. I was afraid I'd have to take mandatory gay training classes, and my already born baby brother would be aborted. I distinctly remember wailing "I don't want to be gay!" 
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May 11, 2014 03:25
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Pope Fabulous XXIV posted:The most right-wing thing I've ever done was cry when Bill Clinton got elected. I was afraid I'd have to take mandatory gay training classes, and my already born baby brother would be aborted. I distinctly remember wailing "I don't want to be gay!" You mean you skipped the classes?
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May 11, 2014 03:30
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GreyjoyBastard posted:You mean you skipped the classes? No, I went, but my school was so underfunded I turned out bisexual.
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May 11, 2014 03:32
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Pope Fabulous XXIV posted:No, I went, but my school was so underfunded I turned out bisexual. Obama's America. 
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May 11, 2014 03:36
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Well, it looks like the derp is spreading out west... http://www.latimes.com/nation/nationnow/la-na-nn-utah-blm-bundy-protest-20140510-story.html http://www.usatoday.com/story/news/nation/2014/05/10/canyon-ride-tests-access-to-blm-land-in-utah/8947413/ LA Times posted:
Behold the faces of are freedoms: 
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May 11, 2014 04:23
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nutranurse posted:Obama's America.
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May 11, 2014 04:25
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Not a single helmet in sight.
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May 11, 2014 04:25
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During the '88 election, our local newspaper had a mock vote for kids. I voted for Bush. When I told my very Democrat mom who I voted for, she turned white as a sheet. I just wanted to see Dana Carvey keep doing his Bush impression.
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May 11, 2014 04:26
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skaboomizzy posted:Not a single helmet in sight.
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May 11, 2014 04:26
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Those are some big-rear end rascals.
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May 11, 2014 04:30
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Blindeye posted:Well, it looks like the derp is spreading out west... Oh for gently caress's sake. I guess those rumors about Cliven Bundy having some kind of crazy rear end redneck messiah complex were pretty true. edit: Never mind, it was some other idiot's idea. Whatever, go smash the long unopposed tyranny of the Bureau of loving Land Management.
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May 11, 2014 04:32
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ThirdPartyView posted:Those are some big-rear end rascals. Ahahaha. This is all the editorializing that need ever be done on this poo poo.
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May 11, 2014 04:35
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skaboomizzy posted:Not a single helmet in sight. I rode one of those once and found it to be scary as all hell and eminently deserving of protective gear, but whatever, OUR FREEDOMS.
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May 11, 2014 04:37
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ThirdPartyView posted:Those are some big-rear end rascals. We'll make so much money. "All-Terrain Rascals"! Rascals designed for even the most rugged Sam's Club Food Court. Rascals that'll support half a ton of Doughy American Freedom!
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May 11, 2014 04:38
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We've been beaten to the punch on this, sadly. https://www.youtube.com/watch?v=ejkmQffNYjk
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May 11, 2014 04:43
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Nessus posted:I'm curious, what's the advantage to Ireland or the Netherlands with this? Do they get to take a tax rake? I gather the Caymans charges banks a flat fee to operate, which produces huge amounts of money for a nation of a few tens of thousands - but Ireland and the Netherlands are quite large comparatively. Given that Ireland has had some solvency issues, I'd guess not much in their case.
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May 11, 2014 05:03
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Nessus posted:I'm curious, what's the advantage to Ireland or the Netherlands with this? Do they get to take a tax rake? I gather the Caymans charges banks a flat fee to operate, which produces huge amounts of money for a nation of a few tens of thousands - but Ireland and the Netherlands are quite large comparatively. The whole deal is that neither Ireland nor the Netherlands result in no tax, but they do result in much lesser tax. And the countries end up getting quite substantial tax revenue while not really having to provide any services to those companies since at most there's a few dozen guys at an office in the respective countries.
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May 11, 2014 05:16
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Install Windows posted:The whole deal is that neither Ireland nor the Netherlands result in no tax, but they do result in much lesser tax. And the countries end up getting quite substantial tax revenue while not really having to provide any services to those companies since at most there's a few dozen guys at an office in the respective countries. The issue is that Ireland still has crippling solvency and unemployment and poverty issues because, unlike they were led to believe, making their country a tax haven didn't actually bring any appreciable growth, just a bunch of financial sector growth that cripples the rest of the country. E: this reminds me of the biggest hosed up lie about corporate tax hikes is that if we tax then too high they'll just leave to china or India or some nonsense. Has this ever happened in any appreciable way in a circumstance where it wasn't going to happen anyway? Rexicon1 fucked around with this message at 05:40 on May 11, 2014 |
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May 11, 2014 05:38
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Rexicon1 posted:The issue is that Ireland still has crippling solvency and unemployment and poverty issues because, unlike they were led to believe, making their country a tax haven didn't actually bring any appreciable growth, just a bunch of financial sector growth that cripples the rest of the country. Well yeah, that's what happens when your plan is to attempt to employ millions of people by inviting in companies with maybe 12 guys for a satellite office.
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May 11, 2014 05:39
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So what are the Cayman's getting in return for being a tax shelter? If its just a flat fee couldnt the US government just essentially offer them a deal where if they abolish their tax haven status the US gov't would massively increase their international aid package above and beyond what they're currently gaining from the rich?
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May 11, 2014 05:45
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There's a lot of tiny island countries out there, we can't bribe them all.
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May 11, 2014 05:48
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Relentlessboredomm posted:So what are the Cayman's getting in return for being a tax shelter? Money and it helps drive their tourism/hospitality industry. Also it would be stupid to bribe the Caymans for that because businesses from all over the world use them. Why spend billions on the Cayman islands to make some random company pay taxes to Japan? Nintendo Kid fucked around with this message at 05:54 on May 11, 2014 |
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May 11, 2014 05:51
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I've spent time working in places like the BVI and the Caymans. The countries get a lot more than a tiny slice of offshore money. A lot of international businesses such as reinsurers and investment firms set up decent sized, relative to the population, offices on island employing local white collar workers. With populations in the tens of thousands, thousands of small offices hiring dozens of employees adds up. And you have to remember that while there may not be taxes on investments or corporate/personal income tax, these tax havens often levy payroll taxes or other business taxes. Again, relative to these countries' budgets, it's a decent amount.
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May 11, 2014 05:57
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^^^^^ Ahh ok, I wasn't sure exactly how much interaction there was with the country outside of some accounting tricks.Install Windows posted:Money and it helps drive their tourism/hospitality industry. Presumably because the taxes we end up collecting will be more than what we give them. If that's not the case then it's clearly a terrible deal.
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May 11, 2014 06:04
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Relentlessboredomm posted:So what are the Cayman's getting in return for being a tax shelter? Short answer is that this poo poo is really complicated. The US is one of the only countries in the world that has a worldwide taxation system instead of a territorial one. Also it has the highest statutory tax rate on corporations in the world and the largest amount of capital investment. This leads to all kind of fuckery. I could literally write pages and pages on this topic and my speciality isn't even tax, it's corporate audit.
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May 11, 2014 06:05
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Good Citizen posted:Short answer is that this poo poo is really complicated. The US is one of the only countries in the world that has a worldwide taxation system instead of a territorial one. Also it has the highest statutory tax rate on corporations in the world and the largest amount of capital investment. This leads to all kind of fuckery. Fair enough, just trying to come up with ideas outside of changing our tax code. I should probably just ask my family. They're all accountants of one type or another.
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May 11, 2014 06:09
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Relentlessboredomm posted:Fair enough, just trying to come up with ideas outside of changing our tax code. I should probably just ask my family. They're all accountants of one type or another. The solutions are all within the tax code which means congress needs to act. In short were hosed. Instead of money being transferred to public services they're being transferred to a lessor extent to accounting firms like mine. Great for me, horrible for 90% of the country
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May 11, 2014 06:12
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Relentlessboredomm posted:Presumably because the taxes we end up collecting will be more than what we give them. If that's not the case then it's clearly a terrible deal. How can we get enough taxes from our companies to pay off the Cayman Islands for every other countries' businesses there dude? There's billions in yearly activities associated with the over a trillion dollars socked away from all over the planet. Cracking down there could easily shift it all to Curaco or other commercial havens, leaving us holding the bag to prevent collapse of the Cayman economy.
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May 11, 2014 06:20
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Let's hope a Muslim terrorist organization finds a way to set up there then we'll be obliged to invade it and sunder it's infrastructure Barring that? There's nothing we can feasibly do about tax havens.
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May 11, 2014 06:28
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Good Citizen posted:The solutions are all within the tax code which means congress needs to act. Everything is hosed
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May 11, 2014 06:29
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Good Citizen posted:[...] the highest statutory tax rate on corporations in the world But one of the lowest effective rates, right? Or does the answer to that depend on who you ask?
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May 11, 2014 06:54
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moller posted:But one of the lowest effective rates, right? Or does the answer to that depend on who you ask? I don't know if we technically have the lowest effective rate. Probably not. If there was some way of weighing it against the access to capital then yeah, probably.
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May 11, 2014 07:00
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What do y'all make of this: https://www.youtube.com/watch?v=nNfmqaZWNkI The article the video is talking about : http://time.com/87792/2014-midterm-elections-poll/ quote:Democrats Face Worst Midterm Climate in 20 Years, Poll Says
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May 11, 2014 07:42
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