I am as pro-business as a person comes, and the tax minimization strategies are abhorrent. It is more of “… for the, but not for me” and Crony Capitalism.

I deal in Garments,a nd Transfer Pricing gets you put in jail in my business. Just ask any of the founders of Tommy Hilfiger (not Tommy, but the ones in Montreal and Hong Kong). But with our products if you overinvoice, at least america is taking in more money on the import duties, which is 20%. With the Intellectual property licensing garbage, they are just wholesale ripping the government off. and in doing so are increasing the tax burden on people who don’t have access to these forms of creative accounting, usually due to the fact that they are not big enough for it.

Texas Instruments repatriates it’S profits, adn pays a much higher percentage than other tech companies out as a dividend. That is what these cash rich companies with zero incremental cost companies should be doing.

And this intellectual property licensing fees rom one subsidiary to another is total BS. How is price determined? In this case, with the least revenue and the most cost possible in the highest tax countries….but that is like me constantly selling 1 million dollar houses to other members of my family for $1 prior to filing for bankruptcy.

It is the strict IT protection laws coupled with this absurdity in tax that is achieved through allt hese companies lobbying that leads to this. They should either allow patent protection, or exclusivity somehow, but not both. If you have patent protection you should be forced to allow the market to determine the value of that license…whcih means that yahoo can outbid google for the right to google’s IP in other countries, or whatever. so that if there is a license which is being paid, it is at least at the full value going back to the american parent.

What is totally unfair is that all of these companies are the big lobbying ones…and normal companies with under a billion in sales are stuck paying the full 35% tax rates, while these others come in well under 25%.

…..why do you have to pay for them ?

Seriously though, what’s the odds here ?…….. Good ol’ Julius G. and his band of merry Totalitarians simply doing what they want – what they were put in place to do – regardless of any legislation, or even an exec order saying ‘now wait just a cotton-pickin’ minute’ – our humble but lovable D.I.T.P.™ trying to come across as a hero to save the day – having ‘his own’ net neutrality clampdown idea and simply enacting it.

I put nothing past the left – nothing.

droid app please

Unless you have James Taggart on your team with friends in Washington you are hosed. It is complete BS that big companies don’t pay their share of taxes and then poor money into Democratic causes that will raise taxes on the rest of us that don’t have highly paid teams of accountants.

What the idiot masses who vote for Democrats don’t understand that you can’t and shouldn’t ‘punish’ businesses with taxes. Dems always want to raise taxes on big companies. Well a) they will find a way around it, b) they will pass costs onto their customers and c) if they can’t do a or b they will lobby politicians to get out of it.

If we could have some straight forward low corporate taxes maybe other businesses around the world would want to set up shop HERE. Politicians are morons, we really freaking need to stop send trial lawyers to represent us in Washington. THIS IS WHAT YOU GET.