The View From 1776

Keeping Jobs Overseas

Obama repeatedly characterizes as business greed failure of U.S. corporations to spend their cash hoards immediately to re-employ people.  In addition to the uncertainty Obama, Pelosi, and Reid created by threatening or imposing higher taxes, thousands of new regulations, and costly new programs such as Obamacare, the Wall Street Journal notes, existing tax laws are a huge impediment.

Posted by .(JavaScript must be enabled to view this email address) on 02/18 at 10:23 PM
  1. Good to be reading this, hope this helps people in their person!
    Posted by Health and beauty  on  02/19  at  02:47 AM
  2. I feel very sorry for GE and Exxon, neither of which paid a single penny of US income taxes this year.
    Posted by .(JavaScript must be enabled to view this email address)  on  02/20  at  02:09 PM
  3. Thank you, Mr J, for that info about GE and Exxon.
    In view of the constant disruption/destruction of America's financial and business enterprises, ala the recent banking crisis at Fannie Mae, I am, as an astute investment advisor and professional Trustee, constantly on the look out for corporate equites that may be relatively safe from the usually damaging actions of the U. S. Government and its multifarious taxation and regulatory arms.

    Recently I have settled on the major packaged food companies such as General Mills and Kellogg, and the household product companies such as Colgate, P&G, and Kimberly Clark. The beauty of these companies from an investment point of view, is that they have developed large international operations, minimized taxes, and enjoy rapid growth in the international markets.

    Apparently GE and Exxon are similar in having a major international presence and ann effective and legal method of minimizing taxes. These are very commendable actions executed by competent management for the benefit of their stockholders and employees. It is a shame that more and more, to escape Obama's socialist programs,they are moving offshore and the employment opportunities they create are increasingly going to workers outside the USA.

    Our myopic socialist elites, adrift in their abstract ideological theories, miss a key historical truth: All successful governments that ever achieved widespread prosperity for their people, made a policy of encouraging business and entrepreneurs, not punishing them! Even the hard- hearted Machiavelli advised his Princes not to mess with his subjects private property! That is a 500 year old fact that Keynesians keep butting their heads against.
    Posted by bill greene  on  02/21  at  01:04 PM
  4. Bill,

    Don't be taken in by J. Jay. We already had this discussion about Exxon and GE, and J.Jay is merely spouting a 30 year old myth that was bogus when originally floated. Exxon pays billions in US taxes, and GE only marginally less.
    Posted by .(JavaScript must be enabled to view this email address)  on  02/21  at  06:22 PM
  5. PS - I forgot to mention, the EXXON & GE financial statements are easily referenced online. So, if anyone doubts they pay handsomely, go see for yourself.
    Posted by .(JavaScript must be enabled to view this email address)  on  02/21  at  06:24 PM
  6. Bob,

    I suspected they did not get off scot free. But I wanted to use his argument to make the point that if any company actually found a way to make more profits for their stockholders and employees, I would not condemn them, but would invest in them!

    When socialist thinking demagogues rant about Big Oil and the DRUG companies ripping off customers and making "obscene profits" my reaction always is, "Why don't they run out and buy shares and enjoy the ride?" (In fact over half of Americans are invested in such companies through various retirement and saving plans and more should be.)

    The unfortunate truth is that most American companies do not enjoy huge profits or growth--but they do offer steady earning growth and steady income from dividends to any thrifty investor who buys and holds the shares of the best corporations.
    Posted by bill greene  on  02/21  at  07:40 PM
  7. Bob and Bill,

    If you Google Exxon or GE and taxes you will see that they, in fact, paid no income taxes recently.
    Posted by .(JavaScript must be enabled to view this email address)  on  02/24  at  07:05 PM
  8. Apparently GE and Exxon are similar in having a major international presence and ann effective and legal method of minimizing taxes. These are very commendable actions executed by competent management for the benefit of their stockholders and employees. replica designer handbags It is a shame that more and more, to escape Obama
    Posted by looisbrown  on  02/25  at  04:53 AM
  9. Mr. Jay:

    If you retrieve the 10-K annual financial disclosure statements filed with the SEC, you will find that GE paid $2.739 billion as income taxes in 2009 and $3.427 billion in 2008.

    ExxonMobil paid $15.119 billion as income taxes in 2009 and 36.530 billion in 2008.
    Posted by .(JavaScript must be enabled to view this email address)  on  02/25  at  04:26 PM
  10. Bill,

    I agree with your proposition: if companies can find the means to escape killer taxes, they have every right (and obligation to their stockholders) to do so. I just didn
    Posted by .(JavaScript must be enabled to view this email address)  on  02/27  at  07:14 PM
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