The Conservative Cave
Current Events => Politics => Topic started by: Wretched Excess on March 04, 2009, 12:27:48 AM
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I guess domestic tax cheats get a pass. :whatever: this is so off-the-charts-ridiculous that it's actually getting funny.
Geithner: Obama to fight international tax dodgers
WASHINGTON (AP) - President Barack Obama's Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes.
Treasury Secretary Timothy Geithner told the House Ways and Means Committee on Tuesday that Obama will propose legislation to limit U.S. companies' ability to shelter foreign earnings from taxation in the U.S. He also said the administration will try to limit wealthy Americans' ability to use tax havens to avoid taxation.
Link (http://www.breitbart.com/article.php?id=D96MN08G1&show_article=1)
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I guess domestic tax cheats get a pass. :whatever: this is so off-the-charts-ridiculous that it's actually getting funny.
No, he'll fight the ones he doesn't appoint. OH, and of course anyone that has ever voted republican can expect to be audited at least every year, just like during the Clinton maladministration.
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Didn't the current AG represent one of the biggest international tax cheats in the country, Mark Rich? Damn, this administration is a big, steaming pile of hypocrisy.
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Didn't the current AG represent one of the biggest international tax cheats in the country, Mark Rich? Damn, this administration is a big, steaming pile of hypocrisy.
he didn't represent him, but he was the justice department official in charge of investigating the background of the people that klinton was considering a pardon for.
oh, wait. waitaminnit. I think you re right after all. :-)
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Treasury Secretary Timothy Geithner told the House Ways and Means Committee on Tuesday that Obama will propose legislation to limit U.S. companies' ability to shelter foreign earnings from taxation in the U.S. He also said the administration will try to limit wealthy Americans' ability to use tax havens to avoid taxation.
A PR move and nothing more. There's nothing preventing a corp from establishing a corp in another country and then selling to that corp who in turn sells to the public. You can't touch that, it's earnings in a corp outside the jurisdiction of the USA. That's like telling some corp in Germany that buys a portion of their parts from a USA based company that it owes taxes because part of that product came from the USA. Not gonna happen.
And citizens who have money overseas in banks in Switzerland, or Andorra, or Monaco can disguise that money in accounts that will appear as though they have nothing to do with the citizen who actually holds the account. This dolt thinks Joe Smith is going to have an account in a bank in Monaco under the name Joe Smith. Joe Smith's account is called ABC of Monaco, Inc. and the gov't there will assist Joe Smith in keeping it covered. I've seen it happen. Besides, there's way too many rich Dems who aren't going to let this happen in the way Hussein wish it would happen.
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A PR move and nothing more. There's nothing preventing a corp from establishing a corp in another country and then selling to that corp who in turn sells to the public. You can't touch that, it's earnings in a corp outside the jurisdiction of the USA. That's like telling some corp in Germany that buys a portion of their parts from a USA based company that it owes taxes because part of that product came from the USA. Not gonna happen.
And citizens who have money overseas in banks in Switzerland, or Andorra, or Monaco can disguise that money in accounts that will appear as though they have nothing to do with the citizen who actually holds the account. This dolt thinks Joe Smith is going to have an account in a bank in Monaco under the name Joe Smith. Joe Smith's account is called ABC of Monaco, Inc. and the gov't there will assist Joe Smith in keeping it covered. I've seen it happen. Besides, there's way too many rich Dems who aren't going to let this happen in the way Hussein wish it would happen.
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but you can probably make life so difficult that the corp just moves its headquarters to another country. obamanomics!
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but you can probably make life so difficult that the corp just moves its headquarters to another country. obamanomics!
And with that corporation goes the taxes the US would otherwise have collected.
Nice goin, dipshits.
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And with that corporation goes the taxes the US would otherwise have collected.
Nice goin, dipshits.
and the jobs. and the exports. it's a lose-lose proposition.
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but you can probably make life so difficult that the corp just moves its headquarters to another country. obamanomics!
Well, yeah. That, too.
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