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| Giving up its U.S. citizenship could save Pfizer $35 billion in taxes | |
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| Tweet Topic Started: Mar 19 2016, 03:11 PM (679 Views) | |
| estonianman | Mar 19 2016, 03:11 PM Post #1 |
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When Pfizer announced its plan last year to merge with Botox-maker Allergan and move its headquarters to Ireland the company said the deal would lower its tax rate to about 17 percent to 18 percent, saving it about $2 billion over three years. But in a report published Thursday, Americans for Tax Fairness say the New York-based pharma giant will actually save much more by giving up its U.S. citizenship: $35 billion. source
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| MEEK AND MILD | |
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| OffensivelyOpenMinded | Mar 19 2016, 03:18 PM Post #2 |
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Evidence we need to lower taxes big time. |
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"The problem with having an open mind, of course, is that people will insist on coming along and putting things in it." Terry Pratchett | |
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| BuckFan | Mar 19 2016, 05:10 PM Post #3 |
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Or raise them on foreign corporations taking advantage of US infrastructure and customers to make money. |
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| estonianman | Mar 19 2016, 05:15 PM Post #4 |
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| MEEK AND MILD | |
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| OffensivelyOpenMinded | Mar 19 2016, 05:37 PM Post #5 |
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Agreed |
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"The problem with having an open mind, of course, is that people will insist on coming along and putting things in it." Terry Pratchett | |
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| clone | Apr 6 2016, 07:56 PM Post #6 |
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Director @ Center for Advanced Memetic Warfare
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As Trump took state after state on March 1st, Google searches for “How can I move to Canada?” went up 350% and eventually reached an 1000% increase. |
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| clone | Apr 6 2016, 08:38 PM Post #7 |
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Director @ Center for Advanced Memetic Warfare
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Citizenship-based taxation is applied by only two countries: the United States and Eritrea. It means that your income is taxable no matter where in the world you live, so long as you hold citizenship in that country. Eritrea, a war-torn country that broke away from Ethiopia several decades ago, applies a 2% tax on its citizens worldwide income (it’s rarely enforced). The United States does tax your entire income at normal rates, which means even “accidental Americans” need a sound offshore strategy to avoid unnecessary taxation. |
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Robert Stout | Apr 7 2016, 02:57 AM Post #8 |
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Sounds like we need government owned plants to manufacture all drugs sold in the USA.....Think of the savings in advertising alone !!!!...........
Edited by Robert Stout, Apr 7 2016, 02:58 AM.
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| Jesus can raise the dead, but he can't fix stupid | |
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| clone | Apr 7 2016, 07:57 PM Post #9 |
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Director @ Center for Advanced Memetic Warfare
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Think of all the lack of innovation....going John Galt |
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Drudge X | Apr 7 2016, 08:33 PM Post #10 |
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Why are leftists for raising tax on US companies but against taxes for foreign goods? |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| clone | Apr 7 2016, 09:43 PM Post #11 |
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Director @ Center for Advanced Memetic Warfare
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Because they are leftists...hypocrisy is inbred in them
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Robert Stout | Apr 8 2016, 12:05 AM Post #12 |
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We can continue to rely on drug innovation from the EU, who have developed most major new drugs in the last 20 years...................
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| Jesus can raise the dead, but he can't fix stupid | |
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| Drudge X | Apr 8 2016, 12:56 AM Post #13 |
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Ain't that the truth. Plus, you will never hear leftists mention about back up players for the NFL, NBA, and MLB. These guys earn six figures a season just by sitting on the bench most of the time. But when leftists see a married couple making six figures each, they demand to tax the hell out of these hard working Americans. It's a shame I tell ya. |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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8:27 PM Jul 10