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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (1164)	5/5/2014 11:05:32 AM
From: Kirk ©	Respond to of 26769

It means less money wasted on tax avoidance. The smart people can work on something more productive for society. So what does dropping the tax rate to zero do to improve the situation???? How would GE get the experience of the workers and trust of the customers? Same with GE.....they could duplicate everything Alstrom has for a lot less than the 13 billion they are paying for the company. But by buying Alstrom they eliminate a competitor, and get an established customer base. No, I'd say a lack of customers in the US is why they are not building more factories here. You need a growing economy for that.... which takes great leadership in Washington. GM, and Ford have plenty of cash on hand to build more factories and hire more people.......taxes and tax rates are just not part of the equation. A lack of ideas on what to build is the holdup. As someone who has invented products that were built by American workers, much to my pride and joy as I designed my second product and their last one built in that fab, only to see all the jobs, including R&D, leave the country for a "tax holiday" according to the decision maker, I don't agree. Cutting taxes is not the panacea for creating jobs or growing the economy.....putting more money into circulation ( through higher wages) has a far greater impact on the economy. The Fed has put TRILLIONS into the economy with money printing to fund deficit spending at low rates, a huge tax on savers, and how has that worked to create jobs? How does Apple and GE's foreign cash compare to the total amount of QE just this year? This is not new.... that is why we have the Silicon Valley and startups.... American companies (with a few exceptions) don't have any great ideas on where to go next. Cash is not lacking....ideas are.

To: Jerome who wrote (1164)	5/5/2014 11:13:44 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26769

Accounting giants KPMG, PWC and EY are working with over 250 companies combined about relocation to the Britain, which is due to cut its corporate tax rate to 20% next year. Multinational giants line up for UK tax breaks Pfizer's bid for AstraZeneca expected to be first of hundreds of moves to the UK thanks to favourable tax regime Hundreds of multinational companies are lining up to establish operations in the UK, paving the way for thousands of new jobs and billions of pounds in extra tax revenues. Amid a renewed wave of mergers and acquisitions that has seen US drugs giant Pfizer’s renew its bid for rival AstraZeneca, KPMG, one of Britain’s biggest accountancy firms, said changes to the tax system aimed at improving the UK’s competitiveness were “paying dividends”. It said it was working with almost 100 multinational corporations that wanted to increase their footprint in this country. PwC, Britain’s biggest accountancy firm, said it was in dialogue with “more than 100” multinational companies, while EY said last year that 60 firms were looking to complete global and regional headquarters relocations into the UK. EY estimated this would add £1bn to corporation tax revenues and create more than 5,000 jobs. Ministers said the revival would help to rebalance Britain’s economy and secure a self-sustaining recovery. ... “The argument is sometimes made that if a company moves their headquarters here they might employ relatively few people,” said Mr Gauke. “But if you’ve got the senior management located in the UK, that makes the UK a more attractive place when it comes to deciding where the location of a factory might be, or where the sales and marketing operation is going to be run … that’s going to mean the creation of more jobs.” ... More at telegraph.co.uk