Do you think that the government should levy a minimum tax on overseas corporate profits as part of reform?

Do you think reforming the Corporate Tax code should include a minimum tax on overseas corporate profits? And do you think there should be a lower rate for manufacturing in the US?

All told; should these be done to close any advantage to moving operations overseas?
ObamaMan, under Obama’s plan GE would not abe able to do that.

There should be a confiscatory tax on any and all goods and services that originate outside of the U.S.A. and that ***includes*** goods and services that are "called" made in U.S.A. just because the facility that is located in a foreign country is owned by a U.S. corporation. (I personally know of at least one mega-corporation that does this and which outsourced over 2000 U.S. jobs to China but still can call its product U.S.A. made because it ___owns___ the plant in Shanghai).
Like I said, confiscatory taxes for any and all product/goods/services originating outside the U.S.A., confiscatory import tariffs.
Add to that zero export tariffs and large tax breaks for all companies that are wholly contained within the U.S.A. plus tie the price of our exported foods to the price of crude oil, i.e., if crude oil is $100.00/barrel (thank you OPEC and speculators) then corn costs $100.00/bushel.
If oil is reduced to a reasonable price that is followed by a reduction in retail prices, e.g., 50 cents/gallon for gas then the price of corn is reduced to a reasonable level.

Make speculation in commodities a felony and forbid anyone who serves in any house of the Congress from owing any portion of a business other than a third-party managed 401(k)
that will help reform much more than the election of either of the straw-men that are being offered up for the president’s job this time.

11 thoughts on “Do you think that the government should levy a minimum tax on overseas corporate profits as part of reform?

  1. I think GE Corp that made most their profits in China should have paid a tax, they paid NO TAXES- and got Tax dollars making over 14 BILLION IN PROFITS! Since Oblamer took office and hired Immelt as his Job Czar they shipped thousands of jobs to China for GE Corp.

    Buffett has a private Airplane Manufacture, and is fighting in Court to get out of paying the ONE BILLION IN TAXES he owes on it.

    Squiggly bulbs SUCK! They are full of Mercury Poison, the other day I saw a broken Squiggly bulb on someones lawn- polluting – YES FOR SURE-!
    Edison bulbs- that the liberals banned 100wat ones- had NO MERCURY in them but cost so much less. GREEDY S O B’S!

    Wind Turbines only work if the winds are 18 miles per. hour- they will only produce on average 2% of the energy costs- WOW! While they are killing BALD EAGLES and birds going extinct! NOT A PEEP FROM PETA OR LIBERALS ABOUT THAT!

    Liberals buying Smart cars- are DUMB because you CRASH- YOU DIE.

    Obama funds Solar Energy in America using Tax dollars- but he is so clueless how to run a business , he couldn’t figure out why they couldn’t sell their panels when China makes them so much Cheaper? Sunpower- OUT OF BUS. Salyndra OUT OF BUS- Tax payers OUT MONEY AGAIN! No more Green prods produced – Oh boy!
    References :

  2. They sound like a good idea, but China has always threatened to increase Tariffs on our goods in retaliation. Do you want to tax goods which are produced and sold overseas?
    References :

  3. There is already a tax to repatriate those profits and invest them in America.

    Rather than lose the 30% our foreign subsidiaries invest someone else.

    Foreign subsidiaries operating in other countries pay taxes there not here.
    References :

  4. Pretty sure they already do. That’s why we keep hearing about all this money the corps are keeping offshore, because if they bring it back, it will be taxed.

    The Republicans would prefer to rollback that tax, and allow all that money, estimated at about $1 Trillion, to come home and boost our economy and be spent here.
    References :

  5. Just make the no(or lower tax) depepndent on moving manufacturing operations to the US. Tax the ones using overseas manufacturing enough and they will bring the manufacturing here to save money.
    References :

  6. Then other counties will do the same just like with some of the trade tariffs that are talked about. Punishing a Company for growing and expanding it’s Consumer base is wrong. We want companies to want to come and stay in the US, that means a company friendly environment. We can’t lower manufacturing cost in the US without lowering the payroll percentage, that only happens with having fewer or lower wages. not doable in the states.
    References :

  7. We have tax treaties that prevent us from discriminating against foreign corporations (US ones always form overseas subsidiaries to take advantage of this.) But there is no law against requiring dividends and gains to be taxed at a higher rate, including gains tax as preference items for Alternative Minimum Tax, and then giving some of it back as a jobs credit for employing people in the USA. Then Foreign corporations can get in on it and get credits for moving their operations here too.

    Obama has proposed a 20% jobs credit.
    References :
    I have a Masters degree in Taxation

  8. "Goods sold to China",….What ..Kentucky Fried Chicken…

    Caterpillar recently said on Financial channels that they are not able to get a foothold in China, to this day,..In a Emerging China Market,..That’s getting old ..

    it’s a greedy crook that gets all his profit from made in China, American company by name only..Everything is a bloody scam..and the snakes that would defend it..

    They won’t agree cause the Americans that manufacture in China would be paying the Tax..It’s a slave Labor Crooked racket, that these fools would defend..
    References :

  9. There should be a confiscatory tax on any and all goods and services that originate outside of the U.S.A. and that ***includes*** goods and services that are "called" made in U.S.A. just because the facility that is located in a foreign country is owned by a U.S. corporation. (I personally know of at least one mega-corporation that does this and which outsourced over 2000 U.S. jobs to China but still can call its product U.S.A. made because it ___owns___ the plant in Shanghai).
    Like I said, confiscatory taxes for any and all product/goods/services originating outside the U.S.A., confiscatory import tariffs.
    Add to that zero export tariffs and large tax breaks for all companies that are wholly contained within the U.S.A. plus tie the price of our exported foods to the price of crude oil, i.e., if crude oil is $100.00/barrel (thank you OPEC and speculators) then corn costs $100.00/bushel.
    If oil is reduced to a reasonable price that is followed by a reduction in retail prices, e.g., 50 cents/gallon for gas then the price of corn is reduced to a reasonable level.

    Make speculation in commodities a felony and forbid anyone who serves in any house of the Congress from owing any portion of a business other than a third-party managed 401(k)
    that will help reform much more than the election of either of the straw-men that are being offered up for the president’s job this time.
    References :

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>