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#1
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![]() "Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Larry Dighera wrote: I'm not fixated on Halliburton. I've just used Halliburton's fleeing to an Arab country to escape paying US income taxes as an example of how _unrestrained_ competition causes both buyers and sellers to become victims. The fact that a company large or small would leave the US to reduce the amount of taxes they have to pay ought to show you that taxes are too high in this country. Unless the purchasers of the company aren't domestic in the first place. -c |
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gatt wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Larry Dighera wrote: I'm not fixated on Halliburton. I've just used Halliburton's fleeing to an Arab country to escape paying US income taxes as an example of how _unrestrained_ competition causes both buyers and sellers to become victims. The fact that a company large or small would leave the US to reduce the amount of taxes they have to pay ought to show you that taxes are too high in this country. Unless the purchasers of the company aren't domestic in the first place. Purchasers of what? The company's stock? Their product or service? |
#3
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![]() "Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... The fact that a company large or small would leave the US to reduce the amount of taxes they have to pay ought to show you that taxes are too high in this country. Unless the purchasers of the company aren't domestic in the first place. Purchasers of what? The company's stock? The company. IE, I'm a corporation in Asia or Europe, I'm acquiring your company (say, Chrysler), I'm moving it outside of the US. Not because the taxes are too high, but because I can. -c |
#4
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gatt wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... The fact that a company large or small would leave the US to reduce the amount of taxes they have to pay ought to show you that taxes are too high in this country. Unless the purchasers of the company aren't domestic in the first place. Purchasers of what? The company's stock? The company. IE, I'm a corporation in Asia or Europe, I'm acquiring your company (say, Chrysler), I'm moving it outside of the US. Not because the taxes are too high, but because I can. Do you have some information that the reason for the move is that Halliburton is being purchased? I haven't heard that? All I've heard is they are moving there because that is where the business is thought the general feeling is they are doing it for the tax advantages. I think it is probably a little of both. |
#5
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gatt wrote:
The fact that a company large or small would leave the US to reduce the amount of taxes they have to pay ought to show you that taxes are too high in this country. Unless the purchasers of the company aren't domestic in the first place. What does that have to do with anything? No matter who owns a given company it behooves them to locate the business in the most advantageous location that they can. If they discover they are in a place that with a climate hostile to business they're gonna go elswhere. Its not suprising Tennessee, Texas and Florida have booming economies.. all three states have no income tax. That's attractive to employers (less paperwork) and workers (they get to keep more of their money). |
#6
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![]() "kontiki" wrote in message ... What does that have to do with anything? No matter who owns a given company it behooves them to locate the business in the most advantageous location that they can. If they discover they are in a place that with a climate hostile to business they're gonna go elswhere. But not necessarily because of taxation is unfair. I'm definately not saying that it's not a reason that businesses do it, it's just not necessarily THE reason to do it. By extension of the philosophy, it's like saying if taxes were lower outside of America, Americans would leave America. Some Americans do leave, and possibly because of taxes, but it's incorrect to say that they all leave because of high taxation. In fact, most don't; they remain in America and grumble about the taxes. ;P By the way, check out this piece of propaganda I found: "Wal-Mart firmly believes in local procurement. We recognize that quality products can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally." http://www.wal-martchina.com/english/walmart/index.htm -c |
#7
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On Mon, 30 Apr 2007 16:34:57 -0700, "gatt"
wrote in : "Wal-Mart firmly believes in local procurement. We recognize that quality products can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally." http://www.wal-martchina.com/english/walmart/index.htm They must be referring to the Wal-Mart stores located in China. :-) |
#8
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Larry Dighera wrote:
On Mon, 30 Apr 2007 16:34:57 -0700, "gatt" wrote in : "Wal-Mart firmly believes in local procurement. We recognize that quality products can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally." http://www.wal-martchina.com/english/walmart/index.htm They must be referring to the Wal-Mart stores located in China. :-) You think? Since it clearly says that in the last line, I'd have to say you are right. |
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