Don't Blink John Boehner
First Prev
of 2
Next Last
Mike Mulligan

Brattleboro, VT

#27 Oct 16, 2013
Larry wrote:
<quoted text>
I agree. Stop the reckless spending and work towards a balanced budget.
Where do our Senators and Congressman stand? Do they want to continue spending China's money? Or do they want fiscal responsibility?
We currently owe China 1.4 Trillion dollars. And they can call that loan any time they want.
Our once great nation is looking at another credit downgrade. That means interest rates for our debt to China will go up.
And King Barak does not care.
Domestic terrorism!
Domist
Michael Mulligan

Brattleboro, VT

#28 Oct 16, 2013
Larry wrote:
<quoted text>
And King Barak does not care.
Neither did Lord Reagan, Sir Bush, Mr. Clinton, or Clown Bush. You can't pin this issue on any one person. I know you think that Obama has magical, satanic, negro powers, but nobody could bring this country to its knees in just a few years. This bridge has been collapsing for a couple of decades now, not just under the watch of one man.
Atrueliberal

Brattleboro, VT

#29 Oct 16, 2013
Michael Mulligan wrote:
<quoted text>
Neither did Lord Reagan, Sir Bush, Mr. Clinton, or Clown Bush. You can't pin this issue on any one person. I know you think that Obama has magical, satanic, negro powers, but nobody could bring this country to its knees in just a few years. This bridge has been collapsing for a couple of decades now, not just under the watch of one man.
The action is obvious. While they are not perfect they are the best of the two evils. To protect the middle class, to protect against our government running up insurmountable debt to be left to our children and grandchildren, vote republican.
Mike Mulligan

Brattleboro, VT

#30 Oct 16, 2013
This is an example of what I am talking about...

Ireland looks to close loophole Apple uses to avoid high U.S. taxes
By Mikey Campbell
Ireland's Finance Minister Michael Noonan said on Tuesday that he plans to push legislation to close a loophole in the country's corporate tax laws that allows companies like Apple, Google and Microsoft to avoid paying billions of dollars in taxes.
Noonan's promise to amend Ireland's tax code comes after calls for reform from U.S. Senators John McCain and Carl Levin, who in March said Ireland was a "tax haven" for multinational companies like Apple, reports Bloomberg.

"I will be bringing forward a change to ensure that Irish registered companies cannot be 'stateless' in terms of their place of tax residency," Noonan said. "Ireland wants to be part of the solution to this global tax challenge, not part of the problem."

The statement marks a change in course from a decision passed by the Irish parliament's finance committee in July, which voted to not question Apple and Google over their use of the country's tax code.

Apple's tax strategy leverages an Irish law that holds a company as a tax resident of the country from which it is managed, not incorporated. This means the usual 12.5 percent Irish tax rate is not applied to profit funneled to Apple's headquarters in Cork, which has long been the company's base of operations for the growing EMEA and Asia/Pacific regions. By the same token, the Irish subsidiary is well out of U.S. jurisdiction, meaning Apple is holding tens of billions of dollars in international earnings tax free.

What Noonan did not comment on is a tax avoidance strategy famously dubbed the "Double Irish with a Dutch Sandwich," which has been successfully employed by multiple domestic corporations to shelter income from high U.S. rates.

The process involves setting up an Irish subsidiary, such as Apple's headquarters in Cork, which is paid profits on products sold in the U.S. as royalties on patents owned by the company. These patents are assigned to an offshore entity located in a no-tax country, like the Caribbean, meaning Irish tax is not applicable to said income.

International profits are directed to a second subsidiary in Ireland, which takes advantage of Irish treaties with other European countries that lets companies pass money across borders tax free. The Netherlands is a state that participates in this arrangement and is a popular transit point, thus adding the "Dutch Sandwich" to the nickname. Once routed through the Netherlands, the money is sent back to the main subsidiary, where it can be freely moved to the Caribbean or Cayman Islands.
Mike Mulligan

Brattleboro, VT

#31 Oct 16, 2013
So the strategy with the big monies teabaggers is to defund government and make the whole lot of us poorer so that basically the struggle is surviving just to eat. They want us struggling with paying our bills and living in a disgusting world of insecurity so we donít have the energy to turn around to tax the rich, businesses and corporation...
The rich and businesses want a free ride and no government...
Who cares if we donít have a civil society....
trueliberal

Bennington, VT

#32 Oct 16, 2013
Mike Mulligan wrote:
This is an example of what I am talking about...
Ireland looks to close loophole Apple uses to avoid high U.S. taxes
By Mikey Campbell
Ireland's Finance Minister Michael Noonan said on Tuesday that he plans to push legislation to close a loophole in the country's corporate tax laws that allows companies like Apple, Google and Microsoft to avoid paying billions of dollars in taxes.
Noonan's promise to amend Ireland's tax code comes after calls for reform from U.S. Senators John McCain and Carl Levin, who in March said Ireland was a "tax haven" for multinational companies like Apple, reports Bloomberg.
"I will be bringing forward a change to ensure that Irish registered companies cannot be 'stateless' in terms of their place of tax residency," Noonan said. "Ireland wants to be part of the solution to this global tax challenge, not part of the problem."
The statement marks a change in course from a decision passed by the Irish parliament's finance committee in July, which voted to not question Apple and Google over their use of the country's tax code.
Apple's tax strategy leverages an Irish law that holds a company as a tax resident of the country from which it is managed, not incorporated. This means the usual 12.5 percent Irish tax rate is not applied to profit funneled to Apple's headquarters in Cork, which has long been the company's base of operations for the growing EMEA and Asia/Pacific regions. By the same token, the Irish subsidiary is well out of U.S. jurisdiction, meaning Apple is holding tens of billions of dollars in international earnings tax free.
What Noonan did not comment on is a tax avoidance strategy famously dubbed the "Double Irish with a Dutch Sandwich," which has been successfully employed by multiple domestic corporations to shelter income from high U.S. rates.
The process involves setting up an Irish subsidiary, such as Apple's headquarters in Cork, which is paid profits on products sold in the U.S. as royalties on patents owned by the company. These patents are assigned to an offshore entity located in a no-tax country, like the Caribbean, meaning Irish tax is not applicable to said income.
International profits are directed to a second subsidiary in Ireland, which takes advantage of Irish treaties with other European countries that lets companies pass money across borders tax free. The Netherlands is a state that participates in this arrangement and is a popular transit point, thus adding the "Dutch Sandwich" to the nickname. Once routed through the Netherlands, the money is sent back to the main subsidiary, where it can be freely moved to the Caribbean or Cayman Islands.
And you wouldn't do the same if you were in charge of Apple? If you didn't the shareholders would fire you. And if we raise corporate taxes again more of the same will happen. That is why reducing corporate income tax rates are in fact a way to generate more corporate tax revenue.
trueliberal

Bennington, VT

#33 Oct 16, 2013
Mike Mulligan wrote:
So the strategy with the big monies teabaggers is to defund government and make the whole lot of us poorer so that basically the struggle is surviving just to eat. They want us struggling with paying our bills and living in a disgusting world of insecurity so we donít have the energy to turn around to tax the rich, businesses and corporation...
The rich and businesses want a free ride and no government...
Who cares if we donít have a civil society....
No the strategy is to get rid of waste and unnecessary programs so we actually can spend more money on the programs that really need us including programs to really get people off of welfare and into self reliance and self respect. The recent food stamp fiasco where people wiped out the shelves in the Walmart stores shows we have built a nation of food stamp recipients full of members who have no integrity. A successful society would be adding members with greater integrity and self respect not robbing them of the incentive to be honest and self reliant.
Mike Mulligan

Brattleboro, VT

#34 Oct 16, 2013
trueliberal wrote:
<quoted text>
And you wouldn't do the same if you were in charge of Apple? If you didn't the shareholders would fire you. And if we raise corporate taxes again more of the same will happen. That is why reducing corporate income tax rates are in fact a way to generate more corporate tax revenue.
Yea, I am freaking crazy...ask anyone in Hinsdale NH. Iíd put the greater good over any profits of my company.

I am not like you losers.
Mike Mulligan

Brattleboro, VT

#35 Oct 16, 2013
No the strategy is to get rid of waste and unnecessary programs so we actually can spend more money on the programs that really need us including programs to really get people off of welfare and into self reliance and self respect.

You get lot of dignity with living in the stone age?
trueliberal

Bennington, VT

#36 Oct 16, 2013
Mike Mulligan wrote:
No the strategy is to get rid of waste and unnecessary programs so we actually can spend more money on the programs that really need us including programs to really get people off of welfare and into self reliance and self respect.
You get lot of dignity with living in the stone age?
Are you saying that people in the stone age had more self respect, self reliance and integrity? Isn't that a shame but probably true.

How about you the man who puts the common good first, do you have integrity enough to not to overcharge on your EBT card simply because the system has malfunctioned and shows you have no limit what you can spend? Unfortunately those Walmart shoppers last weekend didn't. I hope some of them go to jail.
Mike Mulligan

Brattleboro, VT

#37 Oct 16, 2013
So sone we forget about the trillion lost from the crooked Wall Street a few years ago and nobody went to jail...
Mike Mulligan

Brattleboro, VT

#38 Oct 16, 2013
So soon...
Michael Mulligan

Brattleboro, VT

#40 Oct 16, 2013
Sweat n tears

Montpelier, VT

#41 Oct 17, 2013
See you in three months when we can do it all again.
:(
Mike Mulligan

Brattleboro, VT

#43 Oct 17, 2013
Larry wrote:
<quoted text>
And you would be fired by the board of directors in a heartbeat.
The band U2, led by the great and wonderful Bono, left Ireland a number of years ago and moved it's headquarters to the Netherlands. Why? LOWER TAXES! Even Liberals get it.
NO company can survive without it's main goal of making a profit. Feelgood stuff doesn't pay the bills. Even Ben & Jerry sold out to Unilever. And the day the Ben & Jerry's division stops making the expected profits, it's gone.
That is why there is so many tears in the USA.

I will never put pennies or even the value of trillions of dollar over the preciousness of human life.
Mike Mulligan

Brattleboro, VT

#44 Oct 17, 2013
Bono has the disease and is not strong enough.
Mike Mulligan

Brattleboro, VT

#46 Oct 17, 2013
And they say I'm nuts?
Mike Mulligan

Brattleboro, VT

#48 Oct 17, 2013
So the point of your phony story is?
Retreat Bleat Bleat

Port Huron, MI

#49 Oct 17, 2013
the french are infamous for being surrender monkeys
http://olivierschmitt.files.wordpress.com/201...
they've only been good at rotting things (wine & cheese)

Why France's 75% Income Tax Rate Is Going To Be So Disastrous
Forbes Sept 2012
http://www.forbes.com/sites/timworstall/2012/...

French Court Says 75% Tax Rate on Rich Is Unconstitutional
Bloomberg Dec 2012
http://www.infowars.com/french-court-says-75-...

the french govt cares about ewe're health...

France to Cover 100 Percent of Abortion Costs
http://www.infowars.com/france-to-cover-100-p...
Mike Mulligan

Brattleboro, VT

#51 Oct 17, 2013
Yea but, don't you live in the USA?

I still don't get it.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Brattleboro Discussions

Title Updated Last By Comments
News If the rich are getting richer, what's happenin... (Apr '14) Apr 20 Radio Flyer 3016 20
News Man charged with inappropriately touching child Apr 7 Anonymous 1
News Former employee suing Mack Molding over alleged... Jan '18 Comrade Sanders 2
News Diversity dialogue to continue in Brattleboro (Aug '17) Dec '17 Comrade Sanders 6
Grout Pond National Forest Area to Become Paid ... (Oct '17) Nov '17 Defiant1 3
News Gentlewolf released on bail (Jun '07) Oct '17 amen 3
Tellman Knudson (Jun '12) Jul '17 Angela Hernandez 51

Brattleboro Jobs

Personal Finance

Brattleboro Mortgages