About that Bailout...

[AZGrizFan]

I see. So, for some, inexplainable reason PUBLIC companies are inherently more greedy and profit driven than private, family held companies?

And still waiting on the GAAP explanation as to why private companies pay a different tax structure than public ones....

[Baldy]

Lemme help you get started...

http://www.google.com

It's ok that you don't have an answer. It's a tough one.

It's rather easy, which is why you can look it up for yourself.
Navigating through the interwebz is not all that difficult really.

[Baldy]

It's ok that you don't have an answer. It's a tough one.

I'm actually surprised how adamant Baldy is
yet he's got nothing (as best I can figure) to be adamant about
other than some vagaries & buzz phrases...

When asked to "get specific" he comes up with .002 percent of Apple is employed in Ireland
and China has a HUGE economy...



after finally admitting that taxes wasn't exactly the problem
Gee thanks for sharing you concerns Baldy
I'm waiting for him to admit chief executives get paid a lot less in Europe
which is another HUGE reason corporations move their Headquarters



It ain't just "TAXES"

No, Apple was just an (one) example. One of hundreds. Sorry klamorus, I'm not going to list every single one for you. I told you corporate inversions cost thousands of jobs. You said they didn't. I provided empirical evidence it did by providing Apple as an example. Now you're peddling backwards by saying but it's "only" .002%.

I admitted taxes weren't exactly the problem?

No, that's just you deflecting again.

Could CEO or executive compensation in general be an issue? Sure it could.
Maybe you should start a thread about it.

This thread was started because, after a taxpayer funded bailout, Johnson Controls is moving is HQ overseas for TAX purposes.

[kalm]

And you need to better understand the references to early 20th century fascism (also with qualifiers). The author is accurate here.

No he isn't. Capitalism was not "at the heart of polity" in the 20th century fascist systems he referenced. The dictators were.

Tell that to Ferdinand Porsche and the rest of the Nazi party. The Nazi's banned unions and strikes. Or Mussolini's chumminess with the industrial capitalists.

The author is spot on. "It Can't Happen Here".

[Baldy]

Huh?

Compliance costs. It would be a lot cheaper for a company to have to pay a flat rate of X with 0 deductions/loopholes than have to spend a lot of $$ to get down to an effective rate of X..Also they wouldn't have to alter the way they do business.

You know as good as I that kalm was just playing dumb again.

The big boys have entire divisions with thousands of employees whose sole job is to make sure their company is in compliance with the 75,000+ pages of the US tax code. When those costs become too burdensome and moving operations overseas increases the bottom line, they most likely will leave.

[kalm]

Compliance costs. It would be a lot cheaper for a company to have to pay a flat rate of X with 0 deductions/loopholes than have to spend a lot of $$ to get down to an effective rate of X..Also they wouldn't have to alter the way they do business.

You know as good as I that kalm was just playing dumb again.

The big boys have entire divisions with thousands of employees whose sole job is to make sure their company is in compliance with the 75,000+ pages of the US tax code. When those costs become too burdensome and moving operations overseas increases the bottom line, they most likely will leave.

And you both should try reading all of the posts. I tipped my hat to this just a short while ago, and gave you credit, Baldy.

[AZGrizFan]

Compliance costs. It would be a lot cheaper for a company to have to pay a flat rate of X with 0 deductions/loopholes than have to spend a lot of $$ to get down to an effective rate of X..Also they wouldn't have to alter the way they do business.

You know as good as I that kalm was just playing dumb again.

The big boys have entire divisions with thousands of employees whose sole job is to make sure their company is in compliance with the 75,000+ pages of the US tax code. When those costs become too burdensome and moving operations overseas increases the bottom line, they most likely will leave.

I don't think he's playing.

[kalm]

You know as good as I that kalm was just playing dumb again.

The big boys have entire divisions with thousands of employees whose sole job is to make sure their company is in compliance with the 75,000+ pages of the US tax code. When those costs become too burdensome and moving operations overseas increases the bottom line, they most likely will leave.

I don't think he's playing.

And you both should try reading all of the posts. I tipped my hat to this just a short while ago, and gave you credit, Baldy.

* you three

[AZGrizFan]

I don't think he's playing.

And you both should try reading all of the posts. I tipped my hat to this just a short while ago, and gave you credit, Baldy.

* you three

[Chizzang]

I see. So, for some, inexplainable reason PUBLIC companies are inherently more greedy and profit driven than private, family held companies?

And still waiting on the GAAP explanation as to why private companies pay a different tax structure than public ones....

Sure,
I never said anything about greed - I said profit
Public companies must be by definition profit driven, that is entirely the reason they "went public"

Private companies are not required to report GAAP style
Nor are they required to be profitable by those who have invested in shares
nor are they reviewed by Mom and Dad (Securities Exchange Commish)

[AZGrizFan]

Private companies are not required to report GAAP style
Nor are they required to be profitable by those who have invested in shares
nor are they reviewed by Mom and Dad (Securities Exchange Commish)

My company is not public, yet our entire industry is required to report "GAAP" style.

Not many private companies stick around without being profitable.

Not being reviewed by SEC doesn't mean not being reviewed. They're but one of many "review" agencies.

[Chizzang]

Private companies are not required to report GAAP style
Nor are they required to be profitable by those who have invested in shares
nor are they reviewed by Mom and Dad (Securities Exchange Commish)

My company is not public, yet our entire industry is required to report "GAAP" style.

Not many private companies stick around without being profitable.

Not being reviewed by SEC doesn't mean not being reviewed. They're but one of many "review" agencies.

You handle other peoples actual personal monies - there are rules that go along with that
Private companies last as long as they last - there's no egg timer
some are profitable some are not (not relevant)

[CID1990]

Did somebody say GAAP?

[Grizalltheway]

God bless you, natural selection.

[AZGrizFan]

My company is not public, yet our entire industry is required to report "GAAP" style.

Not many private companies stick around without being profitable.

Not being reviewed by SEC doesn't mean not being reviewed. They're but one of many "review" agencies.

You handle other peoples actual personal monies - there are rules that go along with that
Private companies last as long as they last - there's no egg timer
some are profitable some are not (not relevant)

There's no egg timer on public companies either. FYI

[AZGrizFan]

God bless you, natural selection.

I'll bet she's naturally selected quite often.

[Chizzang]

You handle other peoples actual personal monies - there are rules that go along with that
Private companies last as long as they last - there's no egg timer
some are profitable some are not (not relevant)

There's no egg timer on public companies either. FYI

Ya... Okee Dokee
Was there anything specific you want to close this with ..?

[AZGrizFan]

There's no egg timer on public companies either. FYI

Ya... Okee Dokee
Was there anything specific you want to close this with ..?

Just seeing how many times I could get you to respond.

[Chizzang]

Ya... Okee Dokee
Was there anything specific you want to close this with ..?

Just seeing how many times I could get you to respond.

You're still an ass-hole



Funny, yes... but an ass-hole

[AZGrizFan]

Just seeing how many times I could get you to respond.

You're still an ass-hole



Funny, yes... but an ass-hole

Why do you think asshole has a hyphen in the middle of it?

[CAA Flagship]

You're still an ass-hole



Funny, yes... but an ass-hole

Why do you think asshole has a hyphen in the middle of it?

Maybe he has hyphen envy.

[Chizzang]

You're still an ass-hole



Funny, yes... but an ass-hole

Why do you think asshole has a hyphen in the middle of it?

See: The Gap