The Corporate Tax Dodge Continues?!!

christiefan915 said:
I guess in your opinion it's okay for them to dodge taxes and get a government handout.

"Johnson Controls is, however, the latest and quite possibly the most brazen tax dodger. The company would not exist as it is today but for American taxpayers, who paid $80 billion in 2008 to bail out the auto industry. Johnson Controls’s president personally begged Congress for the bailout, which came on top of huge tax breaks that the company has received over the years, including at least $149 million from Michigan alone from 1992 to 2009, according to The Times."
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Don't bail them out. Let them fail. Many people celebrated Obama bailing out GM because he 'saved' Union jobs.

All that still doesn't change the fact that the U.S. one of two countries that tax corporations on their world wide earnings. It's a big reason why companies want to do these inversions.
 
cawacko said:
Don't bail them out. Let them fail. Many people celebrated Obama bailing out GM because he 'saved' Union jobs.

All that still doesn't change the fact that the U.S. one of two countries that tax corporations on their world wide earnings. It's a big reason why companies want to do these inversions.
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Can you cite that?
 
christiefan915 said:
Can you cite that?
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I'd have to look it up. Played golf today with my buddy who is a corporate tax attorney and partner at his law firm and that was his comment after I asked him about these inversions going on. He said multiple countries have tried discussing some global tax rules but countries like Ireland who are often the beneficiary want no part of it.
 
cawacko said:
I'd have to look it up. Played golf today with my buddy who is a corporate tax attorney and partner at his law firm and that was his comment after I asked him about these inversions going on. He said multiple countries have tried discussing some global tax rules but countries like Ireland who are often the beneficiary want no part of it.
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I looked it up and only found it on individuals. The countries were the US and Eritrea.

23px-Flag_of_Eritrea.svg.png
Eritrea Residential and citizenship-based taxation.[SUP][102][/SUP] Foreign income of nonresident citizens is taxed at a reduced flat rate.[SUP][103][/SUP]

23px-Flag_of_the_United_States.svg.png
United States Residential and citizenship-based taxation. Citizens are taxed in the same manner as residents.[SUP][3]

[url]https://en.wikipedia.org/wiki/International_taxation
[/URL][/SUP]
 
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