Elizabeth Warren recently gave a speech before congress castigating american companies for establishing their headquarters overseas to avoid U. S. taxes.  She was proposing support for a bill outlawing this practice called Inversion .
What is the position of this forums participants toward this practice and the bill Warren supports?

Free countries have to build walls to keep the flood out.
Iron fisted dictators have to build walls to keep their people in.

You figure out where free people stand on this issue.

Quote from: gandb77 on July 30, 2014, 04:29:05 PM
Elizabeth Warren recently gave a speech before congress castigating american companies for establishing their headquarters overseas to avoid U. S. taxes.  She was proposing support for a bill outlawing this practice called Inversion .
What is the position of this forums participants toward this practice and the bill Warren supports?

If she said this, then it merely confirms what we've all been saying all along.
She's a communist at heart.

Can you source this with a link?

From the horse's (or is it an ass?) mouth

http://www.warren.senate.gov/?p=video&id=589

Here's one of her comments on that same page:

QuoteSome U.S. corporations use a tax loophole to maintain all their operations in America but claim foreign citizenship to avoid paying taxes. Tax lawyers call it "corporate inversion," but I call it freeloading. Watch the floor speech I gave this afternoon to learn more about the Stop Corporate Inversions Act, our new bill to hold these freeloaders accountable. https://www.youtube.com/watch?v=aYKp-9aJyvQ

Funny how liberals see not paying what the government would like you to pay (they're operating within the law) "freeloading"!  Funnier still that government employees don't see themselves as freeloaders off the American Taxpayer.

Who would expect anything less from an avowed leftist. American companies do not exist for the sole purpose of supplying the US Treasury with funds. Their goal is to produce a profit for their shareholders and by doing so offer opportunities for those employees who contribute to the success of the company. If leftists make success more difficult these companies use their expertise to overcome the barriers constructed by the leftists. This concept is foreign to libs.

Illinois esteemed Dick Durbin has been talking about this here too.

I think it started when an Illinois company (Walgreens) said it was "movin on up."  Out of Illinois, out of the country, for that matter.

Hey, Dick, how about making Illinois more FRIENDLY to business instead of driving them out, then wanting to punish them??

How about less concern about illegal immigrants and more concern about Illinois business??

Yep, that's Illinois for you.  We may get rid of the Democrat Governor (Pat Quinn), but Dick Durbin probably stays.  THis is the nonsense of Illinois.  Yes, myself and my family vote, but we are outnumbered by Democrat "outreach" in Chicago.

Another brilliant Durbin idea - a non binding ballot initiative "should millionaires pay a 3% surcharge?"

DaisyJane     

Quote from: supsalemgr on July 30, 2014, 05:20:25 PM
Who would expect anything less from an avowed leftist. American companies do not exist for the sole purpose of supplying the US Treasury with funds. Their goal is to produce a profit for their shareholders and by doing so offer opportunities for those employees who contribute to the success of the company. If leftists make success more difficult these companies use their expertise to overcome the barriers constructed by the leftists. This concept is foreign to libs.

Ha ha. Surely you jest.

When then-Senator John Kerry bought his $7 million yacht Isabel from a New Zealand boatbuilder a few years ago, he decided to berth the boat in Rhode Island, rather than in his home state of Massachusetts. Why? He had 507,000 reasons -- dollars he would have owed in sales and excise taxes had he used a port in MA. Boat-friendly RI had no such taxes.

I think that's pretty much the concept, don't you?

One of my fave persons of interest is Mark Mobius; Executive Chairman of Franklin Templeton Emerging Markets Group, who renounced his American Citizenship during the Clinton tax-era...became a German-citizen and moved to Hong Kong.  Investors frequently like companies and individuals who are willing to do what it takes to maximize investment-returns.  Scum like Warren can do nothing about it.  Money 'finds a way' to leave the Country if it has to.

Quote from: kit saginaw on July 30, 2014, 08:06:59 PM
One of my fave persons of interest is Mark Mobius; Executive Chairman of Franklin Templeton Emerging Markets Group, who renounced his American Citizenship during the Clinton tax-era...became a German-citizen and moved to Hong Kong.  Investors frequently like companies and individuals who are willing to do what it takes to maximize investment-returns.  Scum like Warren can do nothing about it.  Money 'finds a way' to leave the Country if it has to.

Not only that, the money generally finds the pathways Congress itself stakes out. Companies use "inversion" because they can, much as a boy dog licks his balls.

Honestly, if companies are leaving because of high taxes, and going to places with lower taxes, something is wrong.  I see it as a country whose taxes are too high to be competitive in the global market.  The net result is even lower taxes from corporations which democrats seem to think means we need to raise taxes to cover the shortage.

There is a sweet spot for taxes where the government gains the most money, and we, as a country, remain competitive.

Quote from: ConservativeMe on July 30, 2014, 08:34:25 PM
Honestly, if companies are leaving because of high taxes, and going to places with lower taxes, something is wrong.  I see it as a country whose taxes are too high to be competitive in the global market.  The net result is even lower taxes from corporations which democrats seem to think means we need to raise taxes to cover the shortage.

There is a sweet spot for taxes where the government gains the most money, and we, as a country, remain competitive.

Yes.  It is where income taxes are 0%.

Quote from: ConservativeMe on July 30, 2014, 08:34:25 PM
Honestly, if companies are leaving because of high taxes, and going to places with lower taxes, something is wrong.  I see it as a country whose taxes are too high to be competitive in the global market.  The net result is even lower taxes from corporations which democrats seem to think means we need to raise taxes to cover the shortage.

There is a sweet spot for taxes where the government gains the most money, and we, as a country, remain competitive.

Ca is a perfect example of what happens when govt exceeds it's reach, the producers leave, while the takers thrive.
Now the state, a once thriving economy on the world stage, only 2nd in the world to the US and tied with France and now has fallen to somewhere around 10th or lower, all thanks to crippling liberalism.

The only thing keeping Ca afloat is Silicon valley, and that industry is tenuous at best, and a bubble about to pop heading into it's bad days.

WOW, with that kind of response all I can say is "Shut up, and pay your taxes"   Corporations won't.

Quote from: gandb77 on July 31, 2014, 03:52:08 AM
WOW, with that kind of response all I can say is "Shut up, and pay your taxes"   Corporations won't.

Why should they when there are legal ways for them to avoid paying?