Author Topic: Europe Fears Industry Will Return To The US  (Read 605 times)

Online Solar

  • Hero Member
  • *****
  • Posts: 59937
  • Gender: Male
Europe Fears Industry Will Return To The US
« on: December 21, 2017, 07:37:06 PM »
This is exactly what Trump said, that under his leadership, businesses will return to the US, and he was Right. The EU even stated as such.
It's a long and essentially whiny and wordy article, so I'll save you having to endure their pissing by quoting the crux of their issue.
I'd have put this in Finance, but I thought it deserved more coverage.

Quote
Are the criticisms from Europe justified? In a word: Yes, according to the experts consulted by DW.

Clemens Fuest, the president of the Ifo Institute for Economic Research in Munich, said: "The European Commission's criticism of the US tax plans is justified. The proposed measures would disrupt international trade and lead to double taxation."

Tobias Hentze, an economist at the German Economic Institute in Cologne, told DW that he was worried the tax reforms could be the spark for the next round of a "race-to-the-bottom" of jurisdictions competing to offer corporations ever-lower tax rates.

If the reforms go through, Hentze said, the US will go from being a high-tax to a low-tax country. Until now, the tax burden on companies has been significantly higher in the US, with a tax rate of 39 percent, compared to 30 in Germany or 34 in France.


America First, again

The US also proposes to play unfairly by taxing profits that have already been taxed in Europe, Hentze said, concluding: "The underlying message to multinational companies is: If you produce here in the US, you will be spared the double taxation."


Here's the problem, Europe works on the VAT system, (Value-added tax) meaning every step of production is taxed and taxed heavily, so when the product is complete and ready for market, it's already been taxed.
So why is it our problem that they can't find a workaround, kind of like our tax system, where the final product is taxed only at end purchase?
Well, Euroweenies, work it out, because as you said, "America First".
Thank You Donald Trump.

http://www.dw.com/en/us-tax-reform-breaks-global-rules-eu-says/a-41862318
Koolaid is for kids, TEA is for adults

Offline The Boo Man...

  • Hero Member
  • *****
  • Posts: 17281
  • Gender: Male
  • Trees are just tall weeds children climb
Re: Europe Fears Industry Will Return To The US
« Reply #1 on: December 21, 2017, 08:22:02 PM »
This will be great for the EU. Perhaps Britain was ahead of the curve.
It's not the size of your balls but the direction they're swinging....]

Online Solar

  • Hero Member
  • *****
  • Posts: 59937
  • Gender: Male
Re: Europe Fears Industry Will Return To The US
« Reply #2 on: December 22, 2017, 07:05:38 AM »
Canada agrees, and Trudeau is filling his BigBoy Pullups. 

TRUMP EFFECT: Canadian Business May Look To Move To USA Following Landmark Tax Bill

https://bluntforcetruth.com/trump-effect-canadian-business-may-look-to-move-to-usa-following-landmark-tax-bill/
Koolaid is for kids, TEA is for adults

Offline AndyJackson

  • Hero Member
  • *****
  • Posts: 5194
Re: Europe Fears Industry Will Return To The US
« Reply #3 on: December 22, 2017, 08:10:16 AM »
lol, after 24 years of Clinton and Obama selling off America as fast as they could, and GWB just not really doing anything but holding a seat for the Bush Dynasty,  Trump is a hard shock to the dirty, corrupt system. Nobody has loved America and respected her place in world history like this, for 60 years.

I think he's even gonna outdo Reagan.  Even if he only gets 4 years.  Reagan despite his awesome beliefs was an affable, relaxed, overly trusting guy.  Who was also a Hollywood / political veteran.

Trump is a repeat of Reagan's beliefs, but the guy is a business tycoon with a 24/7 engine that drives, drives, drives toward his goals every day, all day.  It's all he knows, from 50 years of doing it non-stop.  And that's all he's gonna do for 4 or 8 years.

But after one year he's done more than any modern president did in a 4-year-term.  After 4, the potentials are mind boggling.  After 8, the left will be done in America for 75 years minimum.

Online Solar

  • Hero Member
  • *****
  • Posts: 59937
  • Gender: Male
Re: Europe Fears Industry Will Return To The US
« Reply #4 on: December 22, 2017, 08:18:35 AM »
lol, after 24 years of Clinton and Obama selling off America as fast as they could, and GWB just not really doing anything but holding a seat for the Bush Dynasty,  Trump is a hard shock to the dirty, corrupt system. Nobody has loved America and respected her place in world history like this, for 60 years.

I think he's even gonna outdo Reagan.  Even if he only gets 4 years.  Reagan despite his awesome beliefs was an affable, relaxed, overly trusting guy.  Who was also a Hollywood / political veteran.

Trump is a repeat of Reagan's beliefs, but the guy is a business tycoon with a 24/7 engine that drives, drives, drives toward his goals every day, all day.  It's all he knows, from 50 years of doing it non-stop.  And that's all he's gonna do for 4 or 8 years.

But after one year he's done more than any modern president did in a 4-year-term.  After 4, the potentials are mind boggling.  After 8, the left will be done in America for 75 years minimum.
Here's a leftist spin on their demise.
They actually think this nonsense has a chance in Hell of coming to fruition.
It's a long and whiny article, but you'll get the idea after a few paragraphs.
Enjoy. This comes from the pedestal libs pray to unicorns and utopia.  :biggrin:

Trump’s retreat from West could spur new start to democratic world

What if the United States effectively ceases to be part of the Western world?

That question, previously a far-fetched idea from the more abstruse reaches of political theory, has suddenly appeared on the lips of Europe's most prominent leaders. It is the realization of a European nightmare – a future without the United States – that could also, in important ways, turn out to be the best thing to happen to the continent and to the wider West.

Donald Trump's calamitous tour through Europe last week saw the U.S. President pointedly savage or brusquely rebuff virtually all the political, trade, military and ecological alliances that form the core of the postwar European and North American peace; in the days after the tour, he went even further, attacking allies and cancelling the world's most difficult and important international agreement, the Paris climate accord.

Related: World reacts to Trump's move: 'He's declaring war on the planet'

In doing so, he confirmed the worst fears of many: that the leadership of the United States no longer appears to be adhering to core Western values and principles.

German Chancellor Angela Merkel expressed this fear rather bluntly in a Munich beer tent on Sunday, to a sustained ovation from her audience of Bavarian conservatives. She began in visible anger: "The times in which we could completely rely on others are somewhat over – that is what I experienced in the last few days," she said of her meetings with Mr. Trump.

Yet, she continued with a defiant message, seemingly aimed at the rest of the Western world: "We Europeans must really take our fate into our own hands … we alone have to fight for our own future, as Europeans, for our destiny."

Those words were echoed, as the week unfolded, with no less anger and defiance, by other prominent European leaders, including French President Emmanuel Macron and European Commission President Jean-Claude Juncker.

The shared set of values – broadly if imperfectly in place since the end of the Second World War, which have more or less united North America, most of Europe, Australasia and the democratic parts of Asia – have all been threatened this week. The U.S. and Europe (as well as Canada) have drifted apart before – for example, during the 2003 invasion of Iraq – but those deep differences were always within the framework of institutions and broad understandings that have underpinned the West. Those same institutions have now all come under attack, from the leader of their wealthiest country.

When we speak of the Western world today, we're talking about a set of values and principles and commitments to institutions more than about any geographic location. What grew out of the surviving democracies of Western Europe and North America after the Second World War has expanded to include scores of nations, on almost every continent, committed to broad principles of democracy, justice, human equality and international co-operation, around shared projects of prosperity, sustainability and security.

What Mr. Trump did this week – and what he has suggested he's been wanting to do, throughout his presidency – is shift the United States into a pointedly anti-Western stance.

He has threatened the military union, by refusing to endorse the mutual-defence pact in NATO's Article 5, and by refusing, as well, to condemn Russia's military incursions; he has threatened the economic and trade union, by blasting Germany's exports, promising trade barriers, and exiting or challenging crucial trade agreements; he has threatened the hard-fought efforts to save the world from calamity, by withdrawing his country entirely from the Paris climate treaty on Thursday, leaving the United States in an anti-Western, isolationist alliance whose only other members are Syria and Nicaragua.

He then used that announcement to lash out, in language borrowed from the extreme fringes of politics, at the very idea of international agreements, shared climate solutions and democratic alliances.

Most disturbingly, he has turned against most of his country's most trusted democratic allies, ignoring their entreaties and sometimes lashing out against them, while allying in warm public embrace and uncritical agreement with the autocratic leaders of the Philippines, Saudi Arabia, Turkey and Russia. This, more than anything, has signalled his apparent retreat from the West.

Soooo much more.
https://www.theglobeandmail.com/opinion/trumps-retreat-from-west-could-spur-new-start-to-democratic-world/article35188219/
Koolaid is for kids, TEA is for adults

Offline AndyJackson

  • Hero Member
  • *****
  • Posts: 5194
Re: Europe Fears Industry Will Return To The US
« Reply #5 on: December 22, 2017, 08:24:47 AM »
haha, distilled : "Trump is destroying our marxist-socialist-atheist-LGBT-utopia".  Lotta words in that treatise, for nothing but that.

They are certainly skilled at describing their own crimes as somebody else's, too.

I keep reading / hearing how exposing Mueller's / Comey's / McCabe's / Rosenstein's / Strzok's / Hillary's / Obama's / Holder's / Lynch's crimes.......... is "a coup against America" by Trump.

Online Solar

  • Hero Member
  • *****
  • Posts: 59937
  • Gender: Male
Re: Europe Fears Industry Will Return To The US
« Reply #6 on: December 22, 2017, 08:37:04 AM »
haha, distilled : "Trump is destroying our marxist-socialist-atheist-LGBT-utopia".  Lotta words in that treatise, for nothing but that.

They are certainly skilled at describing their own crimes as somebody else's, too.

I keep reading / hearing how exposing Mueller's / Comey's / McCabe's / Rosenstein's / Strzok's / Hillary's / Obama's / Holder's / Lynch's crimes.......... is "a coup against America" by Trump.
:lol: :lol: :lol: :lol: :lol: :lol: :lol:

LOL! You endured it? I persevered throgh the leftist crap, and like you, saw the same blame game going on, blaming everyone for their very own failures.
Koolaid is for kids, TEA is for adults

Offline Walter Josh

  • Hero Member
  • *****
  • Posts: 827
Re: Europe Fears Industry Will Return To The US
« Reply #7 on: December 22, 2017, 12:54:34 PM »
Economics dictates that business seek lowest cost capital and labor.
If they are lower here, industry will return; otherwise it won't.

Offline taxed

  • Administrator
  • Hero Member
  • *****
  • Posts: 21830
  • Gender: Male
  • At some point, the money is due.

Offline taxed

  • Administrator
  • Hero Member
  • *****
  • Posts: 21830
  • Gender: Male
  • At some point, the money is due.
Re: Europe Fears Industry Will Return To The US
« Reply #9 on: December 22, 2017, 06:19:46 PM »
More Christmas bonuses from corp tax cut:
https://ijr.com/the-declaration/2017/12/1039220-bank-america-makes-massive-announcement-145k-employees-direct-result-tax-bill/

Quote
Against the backdrop of the progress we made this year, I want to highlight the December 20 passage in the United States Congress of the most fundamental tax reform since 1986. When the legislation is signed into law by the President, these reforms will impact our company in different ways. For instance, we will see an immediate reduction in earnings as a result of a write-down of the value of our deferred tax asset. Beginning in 2018, we will see benefits from the tax reform, too, in the form of lower corporate tax rates.

In the spirit of shared success, we intend to pass some of those benefits along immediately. U.S. employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.

Online supsalemgr

  • Hero Member
  • *****
  • Posts: 11473
  • Gender: Male
Re: Europe Fears Industry Will Return To The US
« Reply #10 on: December 23, 2017, 04:38:09 AM »
Trump understands economics and he has embraced this part of the tax bill. That being said, has everybody noticed how the left is doubling down on criticizing the bill? They are in an obvious panic. Pelosi even compared it to Frankenstein in a mindless rant.
"If you can't run with the big dawgs, stay on the porch!"

Online Solar

  • Hero Member
  • *****
  • Posts: 59937
  • Gender: Male
Re: Europe Fears Industry Will Return To The US
« Reply #11 on: December 23, 2017, 08:04:49 AM »
Trump understands economics and he has embraced this part of the tax bill. That being said, has everybody noticed how the left is doubling down on criticizing the bill? They are in an obvious panic. Pelosi even compared it to Frankenstein in a mindless rant.
And failing miserably due to Trump's Tweets. :laugh:

Yeah, millennial sitting in moms basement listening to every word and believing Trump is evil and the economy will collapse.
In the meantime, all his friends are getting jobs, buying cars, getting their own apartments, getting dates with cute girls.
But he stands defiantly in his belief in the Marxist Dim movement with his walls plastered with Bernie paraphernalia, refusing to move out.

Sure, there will always be a few leftist behind, but the truth is, in a year from now, these kids will have moved on to a prosperous life and become clear thinking capitalists.
Their early years were packed with leftist news soundbites of how evil the right is, while his formative years were spent living under a Marxist Presidency, never realizing just how much better it is in a free society, where speaking one's mind is expected.
Koolaid is for kids, TEA is for adults

Offline Hoofer

  • Hero Member
  • *****
  • Posts: 4759
  • Gender: Male
  • HAM Radio - the last form of free expression
Re: Europe Fears Industry Will Return To The US
« Reply #12 on: December 23, 2017, 08:10:05 AM »
Note to self:   Move investments from International Emerging market funds and back to USA based mutual funds...

Thanks for reminding me EU weenies, the ride is over.
All animals are created equal; Some just take longer to cook.   Survival is keeping an eye on those around you...

Offline taxed

  • Administrator
  • Hero Member
  • *****
  • Posts: 21830
  • Gender: Male
  • At some point, the money is due.

Offline Hoofer

  • Hero Member
  • *****
  • Posts: 4759
  • Gender: Male
  • HAM Radio - the last form of free expression
All animals are created equal; Some just take longer to cook.   Survival is keeping an eye on those around you...

 

Powered by EzPortal