Home Mail Chat Wallpapers
Go Back   ChiefsPlanet > The Lounge > Washington DC and The Holy Land

Reply
 
Thread Tools Display Modes
Old 11-17-2009, 08:54 AM  
fan4ever fan4ever is offline
Supporter
 
fan4ever's Avatar
 
Join Date: Oct 2002
Location: Scottsdale, AZ
Casino cash: $14489
Chasing Corporations out of U.S.

We were warned; looks like it's happening. Article from Investors.com

Chasing Corporations Out Of The U.S.
By ROBERT J. HERBOLD AND SCOTT S. POWELL
Posted 11/16/2009 06:16 PM ET


Unemployment is foremost on everyone's mind today. Yet jobs can continue to leave the U.S. because of the threat of new taxes, the convergence of technology, the ease of digital collaboration and ready access to abundant foreign engineering talent.

Multinational corporate executives may have to move R&D, product development, management and manufacturing overseas when there is no longer a comparative advantage to staying in the United States. A shocking thought for sure, but it's the new reality.

After Japan, the U.S. has the world's highest corporate tax rate, and there is seemingly no willingness by Washington to bring rates down.

In fact, the Obama administration recently proposed taxing the foreign profits of U.S.-based multinationals even when those profits were not repatriated, but backed away when executives threatened to move offshore. Obama aides acknowledge that the administration has set aside the idea for now, but plans to revisit it in a broader tax overhaul sometime next year.

This ambiguity and the threat of new taxes from Washington, such as cap-and-trade, have already prompted 11 major U.S. companies to move offshore in the past year.

Tyco International, Foster Wheeler, Weatherford International, Nabors Industries, Noble Corp., TransOcean International, United America Indemnity, Cooper Industries, Covidien, Ingersoll-Rand and Accenture have all completed or taken steps to change their domicile of incorporation, with Switzerland and Ireland as the most popular relocation destinations.

Commenting on his company's decision, an Accenture board member asked, "What shareholder would ever vote to incorporate in a country that taxes your worldwide income?"

But it is not just taxation that is chasing corporations out of America. Another top consideration is access to talent. The U.S. now spends more per capita on public education than any other OECD country, but its students test in the bottom decile.

The U.S. Government's National Assessment of Educational Progress generates the "Nation's Report Card" annually. For the last 10 years, less than 25% of American high school seniors achieved a rating of "proficient" in either math or science. In August 2009, the ACT test service announced that only 23% of this year's high school graduates tested adequately in reading, writing, math and science to succeed in college. This is a national embarrassment.

Everyone understands teacher quality is the key determinant of academic success. However, teachers' unions don't allow performance appraisals and merit pay. So, many top-performing teachers get frustrated and opt out, leaving behind the less competent who keep the bar low.

Washington forms commission after commission to find solutions, but nothing much happens. Why? Because no one wants to take on the teachers' unions, which are a major source of re-election campaign dollars.

With the scarcity of technical talent in the U.S. resulting from failing schools, many corporations try to recruit foreign students. But with anti-immigrant regulations and sentiment imposed by Washington, many corporations find the easier course is to just hire abroad. Recently, Bank of America, among others, had to rescind job offers to dozens of foreigners because it had received federal bailout money.

Another major concern for American multinational executives is the increasing political risk in the United States. They now worry about the high cost of uncertainty associated with excessive government activism and a hostile culture.

A culture that turns a blind eye to government failure, but is quick and unrelenting to blame society's ills on business, will naturally and subliminally embrace socialist solutions. The problem is that when one intervention fails, the government attempts to fix its errors with yet more intervention a sort of creeping socialism that results in a compounding of waste and inefficiency.

So the nationalization of General Motors was followed by Cash for Clunkers and successive bailouts of GMAC. The TARP rescue of banks was followed by government micromanagement, wage controls and punitive salary caps for highly paid talent.

Unfortunately, this kind of populist government meddling in our financial sector is sure to drive talent offshore. In fact, Deutsche Bank CEO Josef Ackermann recently commented "we can't wait to get our hands on all that top talent."

Americans must realize that the geese that lay the golden eggs can take flight. Most U.S.-born multinational board members and executives want their native country to be successful. On the other hand, their fiduciary duty requires that they face reality and respond to global competitors who increasingly have an edge in taxation, access to educated talent and a more supportive political and cultural climate. Taking no action and losing out to the competition breaches their duty to shareholders.

Washington needs to wake up and see the big picture. Now more than ever, it is all about keeping and creating jobs. We can't afford to chase multinational corporations out of the United States.

Herbold is the retired chief operating officer of Microsoft Corp. and managing director of the Herbold Group.

Powell is managing director of Alpha-Quest and a visiting fellow at the Hoover Institution. Both live in Bellevue, Wash
Posts: 6,969
fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.
  Reply With Quote
Old 11-17-2009, 11:45 AM   #46
Hydrae Hydrae is offline
MVP
 
Hydrae's Avatar
 

Join Date: Jul 2001
Location: Austin, Tx
Casino cash: $17675
Quote:
Originally Posted by HolyHandgernade View Post
Did WalMart relocate to Southeast Asia? We're talking about two different business concepts here. Being multi-national is very different from being foreign-based. So, yes, I think if the Waltons all of a sudden decided they were going to move their corporate headquarters overseas and they think the American public (because we know how patriotic the consumer base is that shops at WalMart is) is just going to say, "No biggie, give me my cheap plastic shit, please!", I don't think you have a grasp on the social dynamic. People consider WalMart an American company, no matter where they get their stuff from. But, if the suddenly became a Southeast Asia company, yes, I think their customers would say screw you and shop at KMart or Target and WalMart would soon go out of business in the U.S.

-HH

Yep, that is why Target (French owned) has such a hard time getting a foothold in the US.
Posts: 12,504
Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.
  Reply With Quote
Old 11-17-2009, 11:57 AM   #47
KC native KC native is offline
Banned
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by HonestChieffan View Post
I assume that you understand that tax rate and tax revenue are related but not tied to the actual reveues. I say I assume that because I'll give you the benefit of the doubt.

In fact, the greatest contributors to the change in deficit before and after the tax cuts were a reduction in the taxable revenues the economy created and for Defence expenditures that outstripped all other factors.

Had the tax cuts not have been done, we would still have been in a deficit, that proven by the numbers.

But what is impossible to quantify is had the tax cuts not have taken place, would the economy have tanked sooner or deeper?

To state that no benefit came from the individual tax cuts is far reaching. I would have to think that individuals who saw taxes cut felt they benefitted from not having to pa the tax to the federal government.

Would you agree or do you stand with your previous statement that there was "no benefit to the economy"?
Yes, I do and until you can prove that the tax cuts helped the economy I will stay there. We've had two periods of real life experience with supply side economics and both times the tax cuts have failed to deliver what they promised.
Posts: 24,946
KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.
  Reply With Quote
Old 11-17-2009, 12:01 PM   #48
Brock Brock is offline
Say hello to my little friend
 
Brock's Avatar
 

Join Date: Aug 2000
Location: Larryville
Casino cash: $28522
Quote:
Originally Posted by Hydrae View Post
Yep, that is why Target (French owned) has such a hard time getting a foothold in the US.
I don't think they are French-owned, but I don't think anyone would care if they were. People buy whatever is cheapest, that's what we've become.
Posts: 47,282
Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.Brock is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2009, 12:07 PM   #49
HonestChieffan HonestChieffan is offline
Seeking the Truth daily
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $34409
Quote:
Originally Posted by KC native View Post
Yes, I do and until you can prove that the tax cuts helped the economy I will stay there. We've had two periods of real life experience with supply side economics and both times the tax cuts have failed to deliver what they promised.
So the burden of proof to support your arguement falls on me? Thats rich. Can you provide data to support that tax cuts resulted in a reduction in federal tax revenue?
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 43,308
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2009, 12:08 PM   #50
Hydrae Hydrae is offline
MVP
 
Hydrae's Avatar
 

Join Date: Jul 2001
Location: Austin, Tx
Casino cash: $17675
Quote:
Originally Posted by Brock View Post
I don't think they are French-owned, but I don't think anyone would care if they were. People buy whatever is cheapest, that's what we've become.
It appears I was wrong. I could have sworn that I had heard multiple times that it was a French based company.

You second line though agrees with my point, people will seldom care where the corporate headquarters are as long as they are getting the deal they want.
Posts: 12,504
Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.Hydrae is blessed with 50/50 Hindsight.
  Reply With Quote
Old 11-17-2009, 12:16 PM   #51
KC native KC native is offline
Banned
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by HonestChieffan View Post
So the burden of proof to support your arguement falls on me? Thats rich. Can you provide data to support that tax cuts resulted in a reduction in federal tax revenue?
You can't prove a negative dumbass.

Edit: I forgot how stupid you are. I can't prove that the tax cuts had no impact therefore it falls upon you to prove they did.
Posts: 24,946
KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.
  Reply With Quote
Old 11-17-2009, 12:17 PM   #52
KC native KC native is offline
Banned
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by Hydrae View Post
Yep, that is why Target (French owned) has such a hard time getting a foothold in the US.
Quote:
Originally Posted by Brock View Post
I don't think they are French-owned, but I don't think anyone would care if they were. People buy whatever is cheapest, that's what we've become.
They're publicly traded. TGT is their ticker.
Posts: 24,946
KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.
  Reply With Quote
Old 11-17-2009, 12:22 PM   #53
HonestChieffan HonestChieffan is offline
Seeking the Truth daily
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $34409
Quote:
Originally Posted by KC native View Post
You can't prove a negative dumbass.

Edit: I forgot how stupid you are. I can't prove that the tax cuts had no impact therefore it falls upon you to prove they did.
But you can prove that tax revenues went down as a result of two previous tax cuts?
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 43,308
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2009, 12:24 PM   #54
HonestChieffan HonestChieffan is offline
Seeking the Truth daily
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $34409
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 43,308
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2009, 12:25 PM   #55
fan4ever fan4ever is offline
Supporter
 
fan4ever's Avatar
 

Join Date: Oct 2002
Location: Scottsdale, AZ
Casino cash: $14489
Quote:
Originally Posted by MGRS13 View Post
Awwww the excuse for the lack luster American parent for 50 years. Parents do their job and public school would be just fine.
Spot on. My wife has been teaching for 25 years and now parents, rich and poor, are advesaries, not allies, when it comes to holding their kids accountable for their behavior and their grades.

It's easier for politicians, mostly conservatives since the NEA is pretty much a democrat lock, to blame teachers.

Holding parents accountable is way more complex and probably unfixable . . . so make teachers jump through hoops so it looks like you're trying to do something.
Posts: 6,969
fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.fan4ever threw an interception on a screen pass.
  Reply With Quote
Old 11-17-2009, 12:26 PM   #56
HonestChieffan HonestChieffan is offline
Seeking the Truth daily
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $34409
So ends the discussion whereby facts and reality come to bear on your foolish statements to the contrary.

You can go back to being the newfound economic expert and seer of the stock market now. Check those numbers on your etfs and those mutual funds. And get back to your annuity projects.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 43,308
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2009, 12:37 PM   #57
KC native KC native is offline
Banned
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by HonestChieffan View Post
So, Raygun's first tax cuts were passed in 1982, the economy had already returned to cyclical growth as evidenced by your table (look at the growth in '81 over '80). So, growth was the primary determinant for the increase in revenues. When you can prove that tax revenues went up solely due to tax cuts please let me know (as of yet no one has, not even heritage). What you've just done is put the cart in front of the horse and act like the cart is the one that does the pulling.
Posts: 24,946
KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.
  Reply With Quote
Old 11-17-2009, 12:39 PM   #58
KC native KC native is offline
Banned
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by HonestChieffan View Post
So ends the discussion whereby facts and reality come to bear on your foolish statements to the contrary.

You can go back to being the newfound economic expert and seer of the stock market now. Check those numbers on your etfs and those mutual funds. And get back to your annuity projects.
Look at the explanation in my post above.
Posts: 24,946
KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.
  Reply With Quote
Old 11-17-2009, 12:39 PM   #59
HonestChieffan HonestChieffan is offline
Seeking the Truth daily
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $34409
No doubt.

The data are wrong.

Do you wear a clown suit to work?
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 43,308
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2009, 12:43 PM   #60
KC native KC native is offline
Banned
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by HonestChieffan View Post
No doubt.

The data are wrong.

Do you wear a clown suit to work?
Just because you are innumerate and can't read a table doesn't mean I can't.
Posts: 24,946
KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.KC native has an IQ even higher than Frankie's.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 11:01 PM.


This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2018, vBulletin Solutions, Inc.