Comments on: Obama’s New Plan: Bring Our Money Home? http://www.taxrascal.com/obamas-new-plan-bring-our-money-home/376/ Where the taxosphere converges. Mon, 15 Feb 2010 21:03:15 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: cody b http://www.taxrascal.com/obamas-new-plan-bring-our-money-home/376/comment-page-1/#comment-8751 cody b Wed, 17 Jun 2009 21:58:34 +0000 http://www.taxrascal.com/?p=376#comment-8751 These companies pay a ton in taxes already Taxing them based on money earned out side the us is nuts what it will do is push these companies to move there HQ and good American jobs outside the US to Countries with a better tax laws not a smart move for a country that is already bleeding jobs off to other nations. Sadly this is a Capitalist idea and capitalism is Dead in America as far as the government is concerned. These companies pay a ton in taxes already Taxing them based on money earned out side the us is nuts what it will do is push these companies to move there HQ and good American jobs outside the US to Countries with a better tax laws not a smart move for a country that is already bleeding jobs off to other nations. Sadly this is a Capitalist idea and capitalism is Dead in America as far as the government is concerned.

]]> By: Taxrascal http://www.taxrascal.com/obamas-new-plan-bring-our-money-home/376/comment-page-1/#comment-7312 Taxrascal Thu, 14 May 2009 14:57:05 +0000 http://www.taxrascal.com/?p=376#comment-7312 It's obviously a complicated issue. I think there's a chance that some US companies should owe some kind of tax -- just because they're sort of protected by US law, and by America's reputation for fairly non-corrupt dealings (would you rather deal with an oil company run out of Kansas or Kazakhstan?). Of course, that theory would require the US to reimburse companies if our reputation hurt them -- for example, we'd end up compensating our investment banks for the reputational damage of being in the US. (Which could be a nice way to ease into another bailout). It’s obviously a complicated issue. I think there’s a chance that some US companies should owe some kind of tax — just because they’re sort of protected by US law, and by America’s reputation for fairly non-corrupt dealings (would you rather deal with an oil company run out of Kansas or Kazakhstan?).

Of course, that theory would require the US to reimburse companies if our reputation hurt them — for example, we’d end up compensating our investment banks for the reputational damage of being in the US. (Which could be a nice way to ease into another bailout).

]]> By: Lubna http://www.taxrascal.com/obamas-new-plan-bring-our-money-home/376/comment-page-1/#comment-7250 Lubna Wed, 13 May 2009 18:10:37 +0000 http://www.taxrascal.com/?p=376#comment-7250 I agree with your views. The deferral reform penalises genuine global operations of US companies. In fact, my next column will be devoted to this issue. It may perhaps have been more prudent to enable US companies to repatriate dividends tax free to the US. UK, in its recent budget has proposed that foreign dividends repatriated to the UK will not be taxed in UK. This will participation exemption rules will make UK a favourable destination for global headquarters. In Japan also, foreign dividends that are repatriated are not taxed in the hands of the Japanese parent. I agree with your views. The deferral reform penalises genuine global operations of US companies. In fact, my next column will be devoted to this issue.
It may perhaps have been more prudent to enable US companies to repatriate dividends tax free to the US. UK, in its recent budget has proposed that foreign dividends repatriated to the UK will not be taxed in UK. This will participation exemption rules will make UK a favourable destination for global headquarters. In Japan also, foreign dividends that are repatriated are not taxed in the hands of the Japanese parent.

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