Black People Politics : President Trump weighs steep cuts to corporate tax rates, repatriated earnings

Discussion in 'Black People Politics' started by freddie419, May 8, 2017.

  1. freddie419

    freddie419 Banned MEMBER

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    • Trump plans to propose on Wednesday steep cuts to corporate tax rates and on repatriated offshore earnings, media reports said.
    • Trump will propose cutting public companies' income tax rate to 15 percent from 35 percent, Reuters reported.
    • Trump will propose cutting the tax rate on offshore earnings which are repatriated to 10 percent from the current 35 percent, reports said.

    This president is clearly using the executive office to benefit his own business interests.

    What I find funny is those dirt poor republicans wearing those red baseball caps "make American great again" ..those caps were manufactured in china and trump is avoiding paying due corporation taxes on the repatriated profits.


    Read more:

    http://www.cnbc.com/2017/04/25/pres...ore-earnings-held-by-us-companies-report.html

    President Trump weighs steep cuts to corporate tax rates, repatriated earnings

    /html/head/meta[@name=
    cnbc.com
     
  2. freddie419

    freddie419 Banned MEMBER

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    "...These are rules. We’re allowed to do it. … I’m the one that knows how to change it...”


    So the bottom line is trump manufactures his product in 12 different countries.



    Now, trump by rights should pay 35% corporation tax on profits made from his overseas interests



    Prior to a trump taking office US corporations actually haggled with the federal government on the level of taxes they should pay on repatriated profits..i.e., US corporations are literally holding your federal government hostage.



    Read more:

    https://www.washingtonpost.com/news...res-the-complete-list/?utm_term=.856028c9e0b8

    How many Trump products were made overseas? Here’s the complete list.

    We take an inventory of all the countries where Trump products were made.
    washingtonpost.com


    Anyway, your government so desperate to balance their books agreed on 5% as opposed to 35% on repatriated profits.
     
  3. freddie419

    freddie419 Banned MEMBER

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    U.S. multinationals eye foreign profits tax break with Trump win.

    upload_2017-5-8_16-57-24.png


    "...Donald Trump's White House victory moves Apple (AAPL.O), Pfizer (PFE.N), Microsoft (MSFT.O) and other big U.S. corporations much closer than they have been in years to winning a big tax break on $2.6 trillion in foreign profits..."

    Read more:

    http://uk.reuters.com/article/us-usa-election-tax-companies-idUKKBN1352UK

    U.S. multinationals eye foreign profits tax break with Trump win

    Donald Trump's White House victory moves Apple (AAPL.O), Pfizer (PFE.N), Microsoft (MSFT.O) and other big U.S. corporations much closer than they have been in years to winning a big tax break on $2.6 trillion in foreign profits.
    uk.reuters.com



     
  4. Liberty

    Liberty Banned MEMBER

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    Great thread!
     
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