There are two opposing views on taxing low incomes. If incomes are very low it seems pointless to tax on the one hand then give special assistance. Interesting from my viewpoint because I lived in the UK where everyone gets a tax-free allowance and I'm now in NZ where you pay tax on every cent of income then get a rebate if your income is below a certain level.
As for corporations moving their "head offices" to tax havens I don't think that means many job losses. I shouldn't think the Cayman Islands are awash with CEOs and other managers. Surely its a legal device not an actual physical move. But its still a tax loss and I'm all in favour of it being banned. Inland Revenue in the UK sold off all their premises to a company that turned out to be registered in a tax haven. What a fantastic deal.
Mart
John Kerry...funny...but the truth hurts!
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Deuce Bigolo
- Posts: 9910
- Joined: Fri Jul 14, 2017 2:40 am
Re: the immorality of taxation
I've worked for a Corporation and while they aren't EVIL BASTARDS some of their methods of reaching their profit bonus goal are
I watched over ten year period good people in middle management being retrenched one year and their positions disappearing only to see same job reappear but at a lesser postion for less pay with more responsibilites
appear soon after
The companies way of reducing salaries and replacing the so called OLD DEAD WOOD with new easily maleable WANNABES
I don't know what the story is in the US but in OZ the major creator & employer OVERALL is Small Business not the Corporates
If the corporates get their way and drive small business to the wall then it would be a scary picture indeed with them moving jobs off shore for the obvious cheap labor costs which is occuring as we speak in the IT & Call Centre Field via India
cheers
B....OZ
I watched over ten year period good people in middle management being retrenched one year and their positions disappearing only to see same job reappear but at a lesser postion for less pay with more responsibilites
appear soon after
The companies way of reducing salaries and replacing the so called OLD DEAD WOOD with new easily maleable WANNABES
I don't know what the story is in the US but in OZ the major creator & employer OVERALL is Small Business not the Corporates
If the corporates get their way and drive small business to the wall then it would be a scary picture indeed with them moving jobs off shore for the obvious cheap labor costs which is occuring as we speak in the IT & Call Centre Field via India
cheers
B....OZ
Re: the immorality of taxation
Funny thing about all those IT and Call centre jobs being moved to cheaper labour markets, you don't hear that the top management jobs have moved there too.
Mart
Mart
Re: the immorality of taxation
The thing with the call centre jobs is that alot of them in the UK were placed in depressed areas and were given goverment assistance. Those jobs were and still are badly needed in those particular places.
Alas these areas are going to feel the sting again as they move alot of the jobs out to India.
I for one can't stand outsourcing
Alas these areas are going to feel the sting again as they move alot of the jobs out to India.
I for one can't stand outsourcing
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Deuce Bigolo
- Posts: 9910
- Joined: Fri Jul 14, 2017 2:40 am
Re: the immorality of taxation
Out Sourcing is just a sly way of playing pass the parcel with employee legislated entitlements
In other words its a form of retrenchment
Its a vicious circle really
Employers get their more efficient casual workforce and society gets an ever increasing amount of workers that haven't the confidence to venture into things like mortgages for houses because they don't have guaranteed work
Lets face it...setting up a home is one of the main things that drives the economy
cheers
B....OZ
In other words its a form of retrenchment
Its a vicious circle really
Employers get their more efficient casual workforce and society gets an ever increasing amount of workers that haven't the confidence to venture into things like mortgages for houses because they don't have guaranteed work
Lets face it...setting up a home is one of the main things that drives the economy
cheers
B....OZ
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middle_aged_dutchman
- Posts: 305
- Joined: Fri Jul 14, 2017 2:40 am
Re: the immorality of taxation
Bimmercat, I already pointed out to you that the American tax payer has little to complain about, compared to, for instance, the Dutch tax payer.
Now you are talking about branch profit tax. It is 30% in the USA and 34,5% in the Netherlands. Foreign corporations in the US pay less, but are taxed in their own countries as well. If you want the lowest rate, go to Estonia. It is 0% (yes, zero!) there. I don't have the impression that every American company wants to move to Estonia, however. Perhaps a market of 270 million people is more interesting than a market of 1.2 million people.
It has struck me that in your eyes the most important factor in the elections is your tax system. When I have to vote, I certainly want to know what the parties think about taxes (particularly about the local tax, that I begrudge the incompetent nitwits who constitute my local authority). But it is by no means the only thing I want to know. What do you think, for instance, of the fundamentalist Christians who support Bush? And about what they get in return, like Bush's attempts to ban abortion?
For me, a party's stance about matters like this is even more important than its stance about taxes. I would never vote for a guy like Bush.
Now you are talking about branch profit tax. It is 30% in the USA and 34,5% in the Netherlands. Foreign corporations in the US pay less, but are taxed in their own countries as well. If you want the lowest rate, go to Estonia. It is 0% (yes, zero!) there. I don't have the impression that every American company wants to move to Estonia, however. Perhaps a market of 270 million people is more interesting than a market of 1.2 million people.
It has struck me that in your eyes the most important factor in the elections is your tax system. When I have to vote, I certainly want to know what the parties think about taxes (particularly about the local tax, that I begrudge the incompetent nitwits who constitute my local authority). But it is by no means the only thing I want to know. What do you think, for instance, of the fundamentalist Christians who support Bush? And about what they get in return, like Bush's attempts to ban abortion?
For me, a party's stance about matters like this is even more important than its stance about taxes. I would never vote for a guy like Bush.
o/t the Mexican border
It was reported yesterday on BBC radio that a group of twenty or so Chechen 'terrorists may have crossed into Arizona from Mexico. Apparently this was a tip-off from Russian intelligence. Don't know of a link, sorry.