2016 Postmortem
Related: About this forumWhat do you think about Boeing selling airplanes overseas, Apple selling iPad overseas,
GM and Ford selling cars overseas?
What do you think about Netflix, Facebook, Google, etc. expanding their presence overseas?
ForgoTheConsequence
(5,186 posts)And Apple keeps their money overseas. I'm not happy about it, should I be? What point are you trying to make?
hill2016
(1,772 posts)all these companies should stop selling overseas?
silvershadow
(10,336 posts)hill2016
(1,772 posts)lawyers and accountants make sure of it
nationalize the fed
(2,169 posts)Do you just make stuff up?
USA Today:
27 giant profitable companies paid no taxes
7 March 2016
Death and taxes are supposed to be two certainties of life. But a few companies have at least escaped the taxes part.
There are 27 companies in the Standard & Poor's 500, including telecom firm Level 3 Communications (LVLT), airline United Continental (UAL) and automaker General Motors (GM), that reported paying no income tax expense in 2015 despite reporting pre-tax profits, according to a USA TODAY analysis of data from S&P Global Market Intelligence.
Only profitable firms were included in the analysis since firms that lost money - like many energy companies - wouldn't be expected to pay taxes.
Escaping the taxman, so far, hasn't been an advantage at least in the eyes of investors. Shares of the companies that paid no taxes are down 11% on average over the past 12 months, which is more than twice the 4.8% decline by the S&P 500 during the same period...
http://www.usatoday.com/story/money/markets/2016/03/07/27-giant-profitable-companies-paid-no-taxes/81399094/?AID=10709313&PID=6146920&SID=ilk2ilfrm7002agb00dth

No one can seem to do a thing about it. Hopefully Bernie finally ACTS
Cheese Sandwich
(9,086 posts)Climate change is an emergency.
And our own police and courts treat us an enemies.
This country has its priorities all wrong.
I couldn't care less whether netflix gets access to china.
hill2016
(1,772 posts)people who own these companies in their 401k's or pension plans?
What about the workers of these companies? Not just these companies but any company that sells overseas?
Cheese Sandwich
(9,086 posts)Corporate profits don't trickle down to regular people. If you want people to have jobs and money, then give us jobs and money. Don't try to con us by giving gifts to corporate America and then pretending the benefits will trickle down on the rest of us. We've been down that road. It doesn't work.
Corporate America is making more money than ever but it's not trickling down to working families:


Warren DeMontague
(80,708 posts)There are solid business reasons as to why corporations want strong encryption in their products.
silvershadow
(10,336 posts)Bush tax cuts racked up. They benefit rather nicely by having the world's largest military/police department/security team at their disposal, without ever really having paid for it. It's a one-way street with them.
JonLeibowitz
(6,282 posts)NWCorona
(8,541 posts)I don't see the gotcha moment.
drray23
(8,747 posts)that we are in a global economy. This position that Sanders has that every trade deal is bad and therefore we should enact trade barriers and practice protectionism is shortsighted.
Sure it resonates well with people who were unfortunate to lose their jobs over companies relocating abroad but the issue is more complex that just legislating away trade.
Everything is intertwined. Even Thomas Jefferson who had this vision of an agrarian society closed on itself realized later in life it did not work. It us even more true today. If we start trade wars we will get hurt . The solution is to craft sensible trade agreement, not to withdraw from them.
JonLeibowitz
(6,282 posts)I do not know how TPP will be a disaster, but knowing the financial interests who are backing it, I am confident it will ultimately screw American workers.
There is free trade, and their is fair trade.
Warren Stupidity
(48,181 posts)nationalize the fed
(2,169 posts)is taking advantage of slave labour.
BBC: Apple 'failing to protect Chinese factory workers'
Filming on an iPhone 6 production line showed Apple's promises to protect workers were routinely broken.
It found standards on workers' hours, ID cards, dormitories, work meetings and juvenile workers were being breached at the Pegatron factories.
Apple said it strongly disagreed with the programme's conclusions.
Exhausted workers were filmed falling asleep on their 12-hour shifts at the Pegatron factories on the outskirts of Shanghai.
One undercover reporter, working in a factory making parts for Apple computers, had to work 18 days in a row despite repeated requests for a day off.
Another reporter, whose longest shift was 16 hours, said: "Every time I got back to the dormitories, I wouldn't want to move...
http://www.bbc.com/news/business-30532463
and people complain about Thomas Jefferson- a man who risked his life and whose writings changed the world. Bunch of filthy hypocrites.
Sunlei
(22,651 posts)Buzz Clik
(38,437 posts)Bluenorthwest
(45,319 posts)nt
davidpdx
(22,000 posts)Sunlei
(22,651 posts)Bread and Circus
(9,454 posts)davidpdx
(22,000 posts)The way the trade agreements are designed are the problem. I fully support free trade, but it has to be a trade agreement that discourages all these American companies to move their manufacturing overseas and keep their profits there. How much does Google alone have overseas? Companies either move overseas or keep their profits overseas to prevent from paying taxes.
Meanwhile expatriates (like myself) are required to go through mountains of paperwork to account for the money we have in banks in our adopted countries (note: I have lived in South Korea for 12 years and am not here because of taxes, but because I married a Korean and this is my second home). The basic 1040 and 2555 are not the problem. It is the laws regarding FBAR and FACTA that require us to file additional paperwork if god forbid we have saved more than $10,000 or $50,000 respectively.
The TPP has been rigged all along to be pushed through without serious opposition. Even the so called "liberal Democrat" from my state of Oregon Ron Wyden for the TPA and I'm sure will vote for the TPP as well. I'd personally like to slap him for doing that.
Sanders has never come out against trade, he just opposes the deals that are being made as unfair.