View Single Post
Old 04-15-2016 | 05:43 PM
  #34  
bedrock's Avatar
bedrock
Gets Weekends Off
 
Joined: Nov 2012
Posts: 718
Likes: 0
From: ERJ, CA
Default

This is globalization, folks. Corporations want to be able to pick and choose the locations that benefit them best in various aspects. Choose the country with the easiest labor laws, choose the country with the best rule of law, choose the country with lowest taxes, etc.

Other multinationals are pursuing corporate inversions whereby they buy a foreign subsidiary and can still be a US based company and have access to laws that benefit the company and have US share holders. Yet, they pay much lower tax, based on the foreign subsidiary's location.


CEO's take on huge debt to buy back stock, in order to raise stock prices and their bonuses. Accountants are able to "estimate" a huge loss, take a tax write-off and then when the loss doesn't happen, they claim a profit based on what they lost.

Wall Street works overtime to game the system and bribe it's deals through. The system is completely corrupt if you can pay.

Republican-Democrat doesn't matter.
Reply