Burger King Freakout...

honeybunny

honeybunny

Pursuit Driver
Welcome to the return of the silly season :


http://thefederalist.com/2014/08/26/the-lefts-ridiculous-burger-king-freakout/


Now I want some onion rings... 8)
 
Re: Bueger King Freakout...

mei lan said:
They are indeed having a cow over this.
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Shouldn't this be in the worst joke wed thread?
 
Re: Bueger King Freakout...

No less a "New Keynesian" economist than Harvard's influential Greg Mankiw lays out the case for ending or at least reworking Corporate taxation. Some of his students walked out of his class when he lectured on the subject recently. I guess they won't let facts and logic stand in the way of a good Occupy meeting.

http://www.nytimes.com/2014/08/24/upshot/one-way-to-fix-the-corporate-tax-repeal-it.html?_r=0&abt=0002&abg=0
 
Unless the left becomes agreeable to changing the tax code, they're going to see more companies leave. This country will also see more manufacturing leave for overseas if it doesn't repeal some of these ridiculous environmental regulations they have enacted under this administration. Some of them make no difference at all to the environment, but costs manufacturing a mint to adhere to.
 
Boss 302 said:
Unless the left becomes agreeable to changing the tax code, they're going to see more companies leave. This country will also see more manufacturing leave for overseas if it doesn't repeal some of these ridiculous environmental regulations they have enacted under this administration. Some of them make no difference at all to the environment, but costs manufacturing a mint to adhere to.
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^This^, exactly!

The left blames the business, when it's their own tax policies that is causing it.
 
Keep in mind that large multinationals like Microsoft or Ford have a lot more to gain thru inversion than BK does. I'm waiting for that big defection that finally makes the government end their taxation of foreign profits. Seven of the G8 countries do not tax foreign profits (we are the eighth country).
 
lotstodo said:
Keep in mind that large multinationals like Microsoft or Ford have a lot more to gain thru inversion than BK does. I'm waiting for that big defection that finally makes the government end their taxation of foreign profits. Seven of the G8 countries do not tax foreign profits (we are the eighth country).
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IIRC, isn't Apple holding $6B (or something ridiculous like that) overseas because if they bring it home, they'll pay taxes through the nose? Idiots in Washington.
 
mei lan said:
lotstodo said:
Keep in mind that large multinationals like Microsoft or Ford have a lot more to gain thru inversion than BK does. I'm waiting for that big defection that finally makes the government end their taxation of foreign profits. Seven of the G8 countries do not tax foreign profits (we are the eighth country).
Click to expand...

IIRC, isn't Apple holding $6B (or something ridiculous like that) overseas because if they bring it home, they'll pay taxes through the nose? Idiots in Washington.
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That brings up and interesting question; how do they utilize that money in the US? I suspect their overseas entity loans it to their US operation.
 
In very general terms, it is used for overseas expansion instead of funding expansion here. It's a huge factor in deciding where to build new plants. US expansion must be paid for by US profits alone.
 
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