[Villages PL]

More and more companies are relocating their corporate headquarters to foreign countries to avoid high corporate taxes in the U.S.. An article in today's Daily Sun business section says that Burger King may move to Canada. Other companies have moved to Europe.

I heard on the news that this trend is being studied to see if it can be discouraged, perhaps with new regulations. That's why I predict a "Berlin Wall" of regulations. What was the purpose of the Berlin Wall? To keep people in! Yes, and now we need something similar to keep corporations from trying to escape higher taxes.

Walgreen Co. was considering moving but decided not to because they are afraid of a consumer backlash. Their income tax rate is 37.5%

Why don't we just lower the tax rate for U.S. corporations so they don't have to think about moving. I have heard it said that this will make them more competitive in foreign trade. If they make more money, they might end up paying the same amount of taxes with the lower tax rate.

[Papa Cuma]

We need their tax dollars to pay their employees ObamaCare. Or lower their taxes if they pay their employees a living wage and medical benefits.

[waynet]

look up corporate inversion and then tell me what you think.

[graciegirl]

Originally Posted by waynet

look up corporate inversion and then tell me what you think.

THANK YOU, Waynet!

After reading this, I say grant them tax relief. We are the highest in percentage of taxes required of similar countries. Our whole economy would improve, more jobs and better insurance benefits.

Tax inversion - Wikipedia, the free encyclopedia

[chachacha]

i agree, gracie! seems those making the regulations do not understand simple economics.

[Papa Cuma]

Originally Posted by chachacha

i agree, gracie! seems those making the regulations do not understand simple economics.

Economics is not simple and keeping more profit does not equate into a better corporate citizen.

[graciegirl]

Originally Posted by Papa Cuma

Economics is not simple and keeping more profit does not equate into a better corporate citizen.

Could you explain further?

[Indydealmaker]

A Corporate Citizen is an urban myth. Citizens manage corporations. Citizens are shareholders of corporations. Citizens are employed by corporations. Corporations are not living, breathing beings. If you have a problem with a corporation, you really have the problem with the humans involved.

[swimdawg]

Let's get to the nitty gritty: Don't you fool with my Tim Horton's coffee, BK!
They make a fresh pot every 18 minutes. You can see the timer going and the pot is tossed after 18 minutes. There's always a line to get coffee on my way home from the pool every morning.

No Burger King coffee for me!!!

BUT maybe they can bring Timmy H to TV. Hmmmm!

Did I successfully hi jack this thread? Sorry!

[Papa Cuma]

Originally Posted by Indydealmaker

A Corporate Citizen is an urban myth. Citizens manage corporations. Citizens are shareholders of corporations. Citizens are employed by corporations. Corporations are not living, breathing beings. If you have a problem with a corporation, you really have the problem with the humans involved.

Your hypothesis is illogical and absurd, lacking any real knowledge or depth.

[Papa Cuma]

http://corporate-citizenship.com/

[Papa Cuma]

http://www.investopedia.com/terms/c/...itizenship.asp

[Indydealmaker]

Originally Posted by Papa Cuma

Your hypothesis is illogical and absurd, lacking any real knowledge or depth.

I am afraid you do not understand how corporations work. I know how all of my corporations functioned and not once did the corporation itself perform any dis-service to the community. My boards and executives made all decisions that impacted the community.

[Papa Cuma]

Originally Posted by Indydealmaker

I am afraid you do not understand how corporations work. I know how all of my corporations functioned and not once did the corporation itself perform any dis-service to the community. My boards and executives made all decisions that impacted the community.

I spent 19 years at IBM. I know how corporations work. I also know that corporations need to be regulated for the benefit of our communities. Unchecked, a corporation will extract as much work from an employee as it can and pay that individual as little as it can get away with. It will poison our groundwater and waterways, filthy up the air we breathe and give nothing back to the communities other than those that live on the hills. I know intimately about such corporations and how they would function if left to there own devices.

[Papa Cuma]

Originally Posted by Indydealmaker

I am afraid you do not understand how corporations work. I know how all of my corporations functioned and not once did the corporation itself perform any dis-service to the community. My boards and executives made all decisions that impacted the community.

Your boards and executives were working only in there best self interest. The community would have been collateral damage without regulation.