SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tonto who wrote (124880)2/28/2012 7:15:24 AM
From: TideGlider4 Recommendations   of 224748
 
Obama's tax plan is to tax foreign profits which are already taxed by jurisdictions in which the made the profit. That means companies like Pfizer, IBM, all major oil, auto companies, drilling companies etc etc will all be double taxed by both the US and jurisdiction in which they earned the profit. This could result in many companies moving their Headquarters to foreign locations losing the tax base from those companies altogether. It would cause a huge increase in the trade deficit as well.

The Obama tax plan is to increase taxes on multi national corporations as well as oil and gas companies, and eliminating significant tax deductions that will make capital investment more difficult and does nothing to improve productivity. The spin is on but they are not being clear.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News