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These Are The 15 US Companies With The Most Offshore Profits
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May 5, 2014 13:11:27   #
DotsMan
 
Patty wrote:
"In the aftermath of several recent events such as i) the issuance of new mega batch of $12 billion in bonds by a suddenly domestic-cash strapped Apple, ii) the repatriation of $9 billion in offshore profits (and payment of $3 billion in taxes) by eBay, iii) the flurry of pharma M&A deals and reverse mergers in which US companies are redomiciled offshore (in low corporate tax hosts like Ireland) to avoid paying US taxes, and iv) the outright use of offshore funds to buy offshore companies such as the GE-Alstom deal which bypasses the US treasury entirely, two questions emerge: who has the most offshore cash, and who is most likely to be the next US corporation to engage in one or all of the above listed t***sactions which merely seek to optimize a company's offshore cash holdings.

The answer is shown on the chart below: this is the list of the top 15 US companies that have the bulk of accumulated offshore profits, amounting to roughly $1 trillion in cash, which is never subjet to US taxation, and which financial engineers try to generate the highest shareholder returns on. "
"In the aftermath of several recent events su... (show quote)


How about we lead by example.
We could tell Honda and Toyota to move their design, manufacturing and sales facilities back to Japan.
Then we could tell Mercedes Benz and Volkswagen to move all their facilities back to Germany.
Then Fiat could move all their facilities, which would now include Chrysler/Jeep, back to Italy.
Some others on this site could probably name a dozen other foreign companies that we could send back home.
By doing that we might possibly entice other countries to tell all the American companies located there to take their operations back home.
It's a Biblical philosophy, "Do unto others as you would have them do unto you."

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May 5, 2014 14:12:33   #
cesspool jones Loc: atlanta
 
1OldGeezer wrote:
Patty,
Isn't the GE chairman/CEO Obama's financial advisor or something like that?

The answer seems obvious to me, Lower the US tax rate to make it competitive. Let the US shareholders get a high return (reduced taxes) and still get the benefit of tax revenue. DUH !
In case you haven't noticed, the ACA levies about 100 new taxes....The problem is; "we" are buying more than we can afford, we have a spending problem, taxing more at some point reduces revenue, could we already be there?.
Especially when you look at the labor participation rate now at an all time low..the latest 6.3% unemployment rate is a deceptive number put out by the Obama admin.
1oldgeezer
Patty, br Isn't the GE chairman/CEO Obama's financ... (show quote)

patty can only see the 'demand'...she has absolutely no idea about the 'supply.' Typical socialist attitude.

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May 5, 2014 14:16:36   #
Patty
 
You haven't been paying attention have you. My "hero" is Paul Craig Roberts and I have read and studied most of his books. He was the creator of the program under Reagan for supply side economics and the author of "The Failure of Laissez Faire Capitalism." Nice try though, Im as conservative as they come sweetie.
cesspool jones wrote:
patty can only see the 'demand'...she has absolutely no idea about the 'supply.' Typical socialist attitude.


:lol: :lol:

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May 5, 2014 14:24:13   #
cesspool jones Loc: atlanta
 
Patty wrote:
You haven't been paying attention have you. My "hero" is Paul Craig Roberts and I have read and studied most of his books. He was the creator of the program under Reagan for supply side economics and the author of "The Failure of Laissez Faire Capitalism." Nice try though, Im as conservative as they come sweetie.

:lol: :lol:


patty, i am so sorry and i mean that. i make mistakes like everyone else. sorry.

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May 5, 2014 14:28:37   #
Patty
 
No problem.
cesspool jones wrote:
patty, i am so sorry and i mean that. i make mistakes like everyone else. sorry.


:-)

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May 5, 2014 14:43:53   #
1OldGeezer
 
Patty wrote:
Of course you cant have a macro economy without regulations. The regulations are being bought off by the big corps. The ine******y of the CEO's to the workers has never been a bigger gap since right before the crash in the 20's. It will crash the same way it did then. When you take away the ability of your customers to purchase your product you have effectively shot yourself in the foot.


Patty,
I would have phrased that a little differently; The regulations/favors are being SOLD by the government (can't have a buyer without a seller).
Look a little deeper into your purchasing of products theory, there is a law called supply and demand. As we get more and more citizens on the dole (look now at the work force labor participation rate - lowest in 36 years), these people and also the dramatic increase of food stamp use, and other freebies being promoted by this administration, you are getting a very large group that are being paid to not work (produce things). This economy is working (limping along - .1% GDP increase last month) now only because the FED is pumping 60 BILLION dollars into the economy with a 16-17 TRILLION debt. (That is your debt being run up) We are living on a "credit card" set up by the Federal government in order to buy v**es and increase the dependency push).
Soon, with American product supply decreasing (less people working and producing)/Demand increasing or steady we will have to have a devaluation of the purchasing power in order to balance the supply and demand forces. (That won't be pretty).
The answer is for the elimination of the federal governments attempts at crony capitalism and creating a centrally planned economy. (our obvious spiral into socialism going on now with the implementation of the ACA and the Dodd/Frank bill)
The only real answer and salvation for the United States is to go back to a truly free capitalistic economy with REASONABLE regulations. Limit the Federal govt to that specified by the constitution so they have less favors to sell.
1oldgeezer

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May 5, 2014 15:01:40   #
Patty
 
Yep. I think we are basically saying the same thing you just used more examples. Effective regulation would be necessary and an accountable , smaller gov. At this point I don't think that will happen till it crashs. Every market is manipulated, every number is manipulated, every spread sheet is manipulated and the economists have admitted that they have to wait for the government to tell them what results to come up with for the headlines.
They didn't like the GDP numbers so what did they do. They changed the mathematical process so that they could include inventory sitting in warehouses and on store shelves not being sold as part of the equation. I don't think it can be fixed.
1OldGeezer wrote:
Patty,
I would have phrased that a little differently; The regulations/favors are being SOLD by the government (can't have a buyer without a seller).
Look a little deeper into your purchasing of products theory, there is a law called supply and demand. As we get more and more citizens on the dole (look now at the work force labor participation rate - lowest in 36 years), these people and also the dramatic increase of food stamp use, and other freebies being promoted by this administration, you are getting a very large group that are being paid to not work (produce things). This economy is working (limping along - .1% GDP increase last month) now only because the FED is pumping 60 BILLION dollars into the economy with a 16-17 TRILLION debt. (That is your debt being run up) We are living on a "credit card" set up by the Federal government in order to buy v**es and increase the dependency push).
Soon, with American product supply decreasing (less people working and producing)/Demand increasing or steady we will have to have a devaluation of the purchasing power in order to balance the supply and demand forces. (That won't be pretty).
The answer is for the elimination of the federal governments attempts at crony capitalism and creating a centrally planned economy. (our obvious spiral into socialism going on now with the implementation of the ACA and the Dodd/Frank bill)
The only real answer and salvation for the United States is to go back to a truly free capitalistic economy with REASONABLE regulations. Limit the Federal govt to that specified by the constitution so they have less favors to sell.
1oldgeezer
Patty, br I would have phrased that a little diffe... (show quote)

Reply
 
 
May 5, 2014 19:31:42   #
J Anthony Loc: Connecticut
 
joe1941 wrote:
You point out that our government is forcing companies offshore and then seem to indicate that people shouldn’t purchase what they can afford? It seems to me that your distain should be directed at our government and not companies that are being forced to increase their bottom line by moving. I think you should be asking why our government policies are encouraging companies to relocate outside the country?


No one is "forcing" those companies to move. The government and private business obviously work together to increase bottom lines. Who wins, who loses and why is what should matter.

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May 5, 2014 23:27:56   #
cesspool jones Loc: atlanta
 
J Anthony wrote:
No one is "forcing" those companies to move. The government and private business obviously work together to increase bottom lines. Who wins, who loses and why is what should matter.

then why are there over 70,000 pages (this goes way before obama...look it up) of regulations that stomp on the private sector? progs who gave up scores of decades ago started the war on progress (oxymoron??) and now, that has forced companies to relocate to a friendlier environments. you are no marc anthony by no meanz...the government rules this roost.

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May 6, 2014 07:54:51   #
BearK Loc: TN
 
Hemiman wrote:
Who can blame them,Obama will get his grubby hands on it and give it away to buy v**es.



Or O and his family, and their friends will take another vacation. With the onerous rules and regulations O's czars have come up with - you can't blame them for leaving. Ordinary Americans are beginning to do the same.

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May 6, 2014 08:21:33   #
Patty
 
Even the bank cartels/government are starting to feel the pain.
Barclays' FICC Slaughtered: Revenue Plummets 41% In Q1

http://www.zerohedge.com/news/2014-05-06/barclays-ficc-slaughtered-revenue-plummets-41-q1
And well deserved it was - surely such abysmal performance must be rewarded with the record-est bonuses ever!

BearK wrote:
Or O and his family, and their friends will take another vacation. With the onerous rules and regulations O's czars have come up with - you can't blame them for leaving. Ordinary Americans are beginning to do the same.

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