Fingon Posted March 12, 2009 Share Posted March 12, 2009 ZUG, Switzerland, March 12 (Reuters) - The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom. Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration. And the jobs start leaving.... http://www.reuters.com/article/rbssEnergyN...ndChannel=10452 Link to comment Share on other sites More sharing options...
The Big Cat Posted March 12, 2009 Share Posted March 12, 2009 And the jobs start leaving.... http://www.reuters.com/article/rbssEnergyN...ndChannel=10452 start? Link to comment Share on other sites More sharing options...
Bad Lieutenant Posted March 12, 2009 Share Posted March 12, 2009 And the jobs start leaving.... http://www.reuters.com/article/rbssEnergyN...ndChannel=10452 Do any of you people actually read these articles before you post them? Link to comment Share on other sites More sharing options...
Fingon Posted March 12, 2009 Author Share Posted March 12, 2009 Do any of you people actually read these articles before you post them? Do you ever have an intelligent or insightful comment to post? Link to comment Share on other sites More sharing options...
Bad Lieutenant Posted March 12, 2009 Share Posted March 12, 2009 Do you ever have an intelligent or insightful comment to post? Here's one- Bermuda is not part of the United States. Link to comment Share on other sites More sharing options...
Fingon Posted March 12, 2009 Author Share Posted March 12, 2009 Here's one- Bermuda is not part of the United States. great, too bad it doesn't pertain to the article. The fact is that the corporate tax rate is increasing, so more companies are leaving. Link to comment Share on other sites More sharing options...
Kelly the Dog Posted March 12, 2009 Share Posted March 12, 2009 Do any of you people actually read these articles before you post them? I did. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 12, 2009 Share Posted March 12, 2009 Good! Actually great! Just don't let their products or services back into the country. In no time start-up US based companies will be clamoring to jump into the void left. Of course if you want true patriotism, void their trademarks and intellectual property rights. You really see the sharks eat the sharks for a piece of the pie. Of course I am joking... Tear it down to build it up. Why cater to the the defectors. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 12, 2009 Share Posted March 12, 2009 Do any of you people actually read these articles before you post them? No. I just like to pile on in the same inane ways as the original poster. Link to comment Share on other sites More sharing options...
Bad Lieutenant Posted March 12, 2009 Share Posted March 12, 2009 great, too bad it doesn't pertain to the article. The fact is that the corporate tax rate is increasing, so more companies are leaving. You didn't read this article, did you? Link to comment Share on other sites More sharing options...
Gene Frenkle Posted March 12, 2009 Share Posted March 12, 2009 You didn't read this article, did you? Do reading the title and first two sentences count? Link to comment Share on other sites More sharing options...
blzrul Posted March 12, 2009 Share Posted March 12, 2009 So they're already NOT in the US and they are going to STILL not be in the US. Big news. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 12, 2009 Share Posted March 12, 2009 Do reading the title and first two sentences count? Link to comment Share on other sites More sharing options...
GG Posted March 12, 2009 Share Posted March 12, 2009 I read it. I understood it. The main point stands - companies are relocating to other jurisdictions to avoid a tax trap. They are moving from Bermuda, Cayman, etc to Switzerland. But the move is out of fear of new tax laws. Did you guys understand that? Link to comment Share on other sites More sharing options...
The Big Cat Posted March 12, 2009 Share Posted March 12, 2009 I read it. I understood it. The main point stands - companies are relocating to other jurisdictions to avoid a tax trap. They are moving from Bermuda, Cayman, etc to Switzerland. But the move is out of fear of new tax laws. Did you guys understand that? Didnt' you and I debate the legality of this action? I believe you brought up Coca-Cola, but you never answered my question when I said, "what makes an American company?" If you're relocating to avoid American taxes, how can you still be considered an "American Company?" It's not a critical question, it's a pragmatic one, one I'm actually curious about. What makes an "American" company "American?" Link to comment Share on other sites More sharing options...
Kelly the Dog Posted March 12, 2009 Share Posted March 12, 2009 I read it. I understood it. The main point stands - companies are relocating to other jurisdictions to avoid a tax trap. They are moving from Bermuda, Cayman, etc to Switzerland. But the move is out of fear of new tax laws. Did you guys understand that? Except the guy from the town, the head of the tax office, said it isn't really a jump in companies moving there, but "We are not reckoning on an unusually strong boom, but a continual and sustainable growth on the scale of the last few years and decades," Jud said. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 12, 2009 Share Posted March 12, 2009 I read it. I understood it. The main point stands - companies are relocating to other jurisdictions to avoid a tax trap. They are moving from Bermuda, Cayman, etc to Switzerland. But the move is out of fear of new tax laws. Did you guys understand that? Now the are motivated by just the "fear of new taxes." Big freaking news. Companies always move to avoid taxes, even after they get a big tax break for some years. What is new? The only thing that will stop it is if all taxes are wiped out, and that is not going to happen. The only thing that can be done do now is put up some protections. The hen house is open wide and the fox has control of the whole yard to roam as they feel fit. Link to comment Share on other sites More sharing options...
GG Posted March 12, 2009 Share Posted March 12, 2009 Didnt' you and I debate the legality of this action? I believe you brought up Coca-Cola, but you never answered my question when I said, "what makes an American company?" If you're relocating to avoid American taxes, how can you still be considered an "American Company?" It's not a critical question, it's a pragmatic one, one I'm actually curious about. What makes an "American" company "American?" Yes, I do recall your ridiculous comments. Ok, let's say Coca Cola is not an American company, and it decides that since it earns 75% of its revenues overseas, it splits itself up, and incorporates the international arm in Switzerland, and moves 75% of its corporate staff there. Sure looks like a winning strategy to me. But boy, you won the class war and taught the evil tax dodger a lesson. One day you will learn that you might make a lot more money if you charge less for something, because maybe more people will buy it. Same analogy with taxes. You gain nothing but buy votes from a gullible population that thinks raising taxes on success is a good way to boost revenues. Link to comment Share on other sites More sharing options...
The Big Cat Posted March 12, 2009 Share Posted March 12, 2009 Yes, I do recall your ridiculous comments. Ok, let's say Coca Cola is not an American company, and it decides that since it earns 75% of its revenues overseas, it splits itself up, and incorporates the international arm in Switzerland, and moves 75% of its corporate staff there. Sure looks like a winning strategy to me. But boy, you won the class war and taught the evil tax dodger a lesson. One day you will learn that you might make a lot more money if you charge less for something, because maybe more people will buy it. Same analogy with taxes. You gain nothing but buy votes from a gullible population that thinks raising taxes on success is a good way to boost revenues. You didn't even remotely address my question. But I appreciate the condescension. Link to comment Share on other sites More sharing options...
KD in CA Posted March 12, 2009 Share Posted March 12, 2009 You gain nothing but buy votes from a gullible population that thinks raising taxes on success is a good way to boost revenues. But....the best way to ensure my own success is to have the government keep increasing taxes on anyone more successful than me, right? Link to comment Share on other sites More sharing options...
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