KingCondanomation
New member
Hilarious. Of course, you could just admit that you were wrong. Again.
HAHAHA, no answer again so resorting to the old hilarious dismissal.
Pathetic.
Hilarious. Of course, you could just admit that you were wrong. Again.
HAHAHA, no answer again so resorting to the old hilarious dismissal.
Pathetic.
not sure if this comment is just partisan stuff or you really don't see anything wrong with this 'tiny' move, but like rats fleeing the ship, once one starts, they all head out.
Pathetic? Really? I thought it pathetic when you resorted to the tired old "college lawyer kid" schtick, particularly when you don't know me from Adam.
By the way, let me know when you hear about an actual US corporation domesticating in Switzerland as opposed to corporations moving from one tax haven to another. Maybe then we could discuss the impact on US jobs.
And since consumer spending is 2/3 of our economy why would the corps that make stuff to sell want to be sure the consumers can't afford to buy their product?
Of course if the corpies want to keep shooting themselves in the feet due to their myopic planning.
Why did those US companies move to ANY tax haven? It's interesting you found that but it doesn't take away from the argument that corporations move to where tax conditions are more favorable.
As for the rest, you just use your dismissal or faked sensitivity to avoid responding to any of the points, that's why it's pathetic.
One interest doesn't come close to outweighing the other. We heard this same argument in the 80's when US clothing manfacturing companies were leaving and thus the theory was that people would have to take jobs that paid less and would be able to buy less clothing.
Of course neither ended up happening.
No that is not all. Fucking close to half the Cayman Islands work force is expatriate workers, mostly professionals, who went there for job opportunities and less taxes.The corporations moved in an attempt to pay less in corporate taxes, but what the fuck does that have to do with jobs? Nothing.
The jobs aren't going anywhere regardless of where the corporations file their articles of organization. If they move to the Caymans, Bermuda or Switzerland, the jobs don't follow.
That is all.
Ummm how about this crash? You call that nothhing?
Water, you know I group up hearing that. That with all the business leaving for Mexico we would be in a race for the bottom, with globalization we would be in a race for the bottom, it never happened.Dano, what you are praising is a race to the bottom. If every nation drug themselves to the level of the regulation or tax havens, as you'd like, none of the nation would see any of the benefit that the Caymans and the Swiss are currently seeing, and in fact we'd all just be much, much worse off. That's why it's called the race to the bottom; when countries compete for corporations, the only one the wins is our corporate oppressors.
No that is not all. Fucking close to half the Cayman Islands work force is expatriate workers, mostly professionals, who went there for job opportunities and less taxes.
Read up:
"The total labour force in the Cayman Islands is approximately 38,000, of whom about 18,000 are expatriate workers on work permits.
There is still a significant demand in Cayman for Executive PA's, Legal Secretaries, Part Qualified Accountants, and Financial Services staff."
http://www.baraud.com/about-caymanW.php
And Switzerland which is much larger and hence more affordable for housing is even more attractive to the middle class. Hell now that I think on it I know someone personally (son's friends parents) who moved to Switzerland, where they are now working.
THAT is all.
I never said all, but almost all are there because of job opportunities and lower taxes.Your way of thinking is so terribly fucked up and you lashing out like a little child isn't amusing anymore.
1) Yes, there are lots of expats in the Caymans (not necessarily all Americans).
I didn't make it up, do you really think that the place is attracting blue collar workers or manufacturing jobs? Of course it is white collar professionals that are there.2) But they are not "mostly professionals." You just made that up. And you have no idea why expats go the Caymans. You made that up too. It is important to note, however, that expats that renounce their American citizenship still have to pay American income taxes. But we are talking about corporate taxes in this thread and whether corporations that file papers in tax havens like the Caymans take jobs there with them. You've shown exactly zero evidence to support this claim.
Corporations have to hire people somewhat familiar with the laws of the nation they move to, and they are also going to pay less in payroll taxes, SS, etc... for hiring them. That equals big incentive to move or hirer there if they can.3) That there is demand in the Caymans for those particular jobs doesn't mean much of anything at all and is entirely irrelevant to whether corporations that file papers in the Caymans also take their jobs to the Caymans.
Actually this was the response I expected and wasn't disappointed. Do you go after other people who offer far more anecdotes like Darla or Jarod?4) Ooooh, a Danecdote. I've been missing those. While your lashing out gets old, the Danecdote never does.
Obama and Dems high tax and high regulation far left Liberal government policies are chasing out businesses and the jobs that come with them.
"Companies seek Swiss domiciles despite tax row
* U.S. political climate may be helping
* Appeal as corporate location may outlast offshore dispute
By Sam Cage
ZUG, Switzerland, March 12 (Reuters) - The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom.
Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.
In a country with scant crude oil production of its own, the virtual energy boom has changed the canton or state of Zug, about 30 minutes' drive from Zurich, beyond all recognition. Its economy was based on farming until it slashed tax rates to attract commerce after World War Two."
http://www.reuters.com/article/rbss...2?feedType=RSS&feedName=rbssEnergyNews&rpc=22
Why did those US companies move to ANY tax haven? It's interesting you found that but it doesn't take away from the argument that corporations move to where tax conditions are more favorable.
As for the rest, you just use your dismissal or faked sensitivity to avoid responding to any of the points, that's why it's pathetic.
I never said all, but almost all are there because of job opportunities and lower taxes.
I didn't make it up, do you really think that the place is attracting blue collar workers or manufacturing jobs? Of course it is white collar professionals that are there.
And yes as I've explained to you before, legally they do have to pay taxes for 10 years BUT people cheat on their taxes inside their country, they are way more likely to do so out of their country where the chance of getting caught is near non-existent.
Corporations have to hire people somewhat familiar with the laws of the nation they move to, and they are also going to pay less in payroll taxes, SS, etc... for hiring them. That equals big incentive to move or hirer there if they can.
The problem with you is you are interested in absolutes, I never argued all of them are American or every corporation that moves there is looking to hire complete replacements. I am saying higher taxes, more regulation and a worse business climate DO increase all of the above.
Actually this was the response I expected and wasn't disappointed. Do you go after other people who offer far more anecdotes like Darla or Jarod?
Of course not, maybe you do it with me because you have very little life experience, which is the prime reason why I think of you as knowledgeable but young and inexperienced.
Not at all, but that is not because of less purchasing power but because of overease of getting a mortgage.
Water, you know I group up hearing that. That with all the business leaving for Mexico we would be in a race for the bottom, with globalization we would be in a race for the bottom, it never happened.
Ironically that was the strongest argument against free trade, which is I hope your last remaining link to not being a 100% dyed in the wool Liberal.
Ok, ok, why don't you tell me why they are there then?Bullshit. Prove it.
ROFL! Um hello, we are talking about employees who MOVED there for a job, which I said were professionals. I don't think anyone from America decided to head out to the Cayman Islands to start their new life as a retail cashier or bricklayer.Bullshit. Prove it.
By the way, the labor statistics for the Cayman Islands are readily available online and they break down employment percentages both by industry and by Caymanian and non-Caymanian persons. The industry that employs the highest percentage of non-Caymanians is the construction industry, which, last time I checked, was generally regarded as "blue collar." Second is private household employees, followed by restaurants, bars and hotels, followed by real estate, followed by wholesale and retail sales.
Jackass.
Sure. SOME of the accountants and lawyers they will need will have to be familiar with the taxes and laws of the country of registration.You said jobs were fleeing to Switzerland. Prove it.
Anecdotal evidence ADDS to the point I am trying to make, only really dense or more likely dshonest Liberals try and pretend it's what I rely on.No, it's just you. You are the absolute worst. You logic is completely fucked and it bothers the shit out of me and when called on it you always resort to the Danecdote as if it lends credence to anything you ridiculous claims.
You're old and bitter.
Mexico doesn't have low taxes and low regulations.
I'm talking about tax shelters, which flagrantly abuse the free trade system. It's by far the biggest weak link in free trade, and IMHO they should be penalized in trade for exploiting the rest of the nations like that.