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According to the Reciprocal Tariff Act of 1934 it should be reciprocated.greenblood said:
American goods in large part are already being charged tariffs. I don't believe they reciprocate the free trade we give them.UWhuskytskeet said:
Why would Apple bring the money back when Ireland taxes them less than 1%?greenblood said:It was hard to buy into the drop last night. The country just voted in a president that wanted to lower corporate taxes and deregulate businesses, all things Wall Street loves. However, I thought it would take about 7 days to recover, instead it took about 7 hours.
Asian markets however won't recover as easily considering their cheap exports are about to get taxed.
I don't know how this works long-term but the corporate tax cut will bring a ton of money back into our country. For Instance, Apple has about $200 billion dollars sitting overseas because of the high tax rate the U.S. has, now that money is coming back and the country will get about a 10-15% cut.
Tariffs will be applied to American goods just as quick as we apply them to foreign goods. We all get fucked in the end.
The tax rate is being challenged by the EU and Apple may be forced to pay 14.3 billion in back taxes.
Since Ireland is part of the EU, it's being challenged by the EU that it didn't have the authority to give Apple the tax break, so now the EU is wanting to not only raise the tax but retroactively charge Apple what they should have paid.
This is a perfect example of why the UK is leaving the EU.
http://www.nytimes.com/2016/11/10/technology/ireland-apple-tax-vestager.html
Trump's tariff policy was the number one reason I didn't vote for him. It's like the Smoot–Hawley Tariff all over again, and a reason why economists refused to endorse him.
That liberal rag Wall Street Journal agrees with me btw. -
14.5 billion dollar EU tax billUWhuskytskeet said:
Why would Apple bring the money back when Ireland taxes them less than 1%?greenblood said:It was hard to buy into the drop last night. The country just voted in a president that wanted to lower corporate taxes and deregulate businesses, all things Wall Street loves. However, I thought it would take about 7 days to recover, instead it took about 7 hours.
Asian markets however won't recover as easily considering their cheap exports are about to get taxed.
I don't know how this works long-term but the corporate tax cut will bring a ton of money back into our country. For Instance, Apple has about $200 billion dollars sitting overseas because of the high tax rate the U.S. has, now that money is coming back and the country will get about a 10-15% cut.
Tariffs will be applied to American goods just as quick as we apply them to foreign goods. We all get fucked in the end. -
We can have free trade as long as it is fair trade and not negotiated by retards taking cash payments to fuck America
That is the Trump platform -
Stop plagarism my shit fuckoRaceBannon said:
14.5 billion dollar EU tax billUWhuskytskeet said:
Why would Apple bring the money back when Ireland taxes them less than 1%?greenblood said:It was hard to buy into the drop last night. The country just voted in a president that wanted to lower corporate taxes and deregulate businesses, all things Wall Street loves. However, I thought it would take about 7 days to recover, instead it took about 7 hours.
Asian markets however won't recover as easily considering their cheap exports are about to get taxed.
I don't know how this works long-term but the corporate tax cut will bring a ton of money back into our country. For Instance, Apple has about $200 billion dollars sitting overseas because of the high tax rate the U.S. has, now that money is coming back and the country will get about a 10-15% cut.
Tariffs will be applied to American goods just as quick as we apply them to foreign goods. We all get fucked in the end. -
So they will pay $20B to the US in order to avoid paying $14.5B in the EU?RaceBannon said:
14.5 billion dollar EU tax billUWhuskytskeet said:
Why would Apple bring the money back when Ireland taxes them less than 1%?greenblood said:It was hard to buy into the drop last night. The country just voted in a president that wanted to lower corporate taxes and deregulate businesses, all things Wall Street loves. However, I thought it would take about 7 days to recover, instead it took about 7 hours.
Asian markets however won't recover as easily considering their cheap exports are about to get taxed.
I don't know how this works long-term but the corporate tax cut will bring a ton of money back into our country. For Instance, Apple has about $200 billion dollars sitting overseas because of the high tax rate the U.S. has, now that money is coming back and the country will get about a 10-15% cut.
Tariffs will be applied to American goods just as quick as we apply them to foreign goods. We all get fucked in the end. -
200 billion isn't all in Ireland. The 14.5b is on a smaller number. Trump's corporate tax rate is lower than the EU's... so yes.UWhuskytskeet said:
So they will pay $20B to the US in order to avoid paying $14.5B in the EU?RaceBannon said:
14.5 billion dollar EU tax billUWhuskytskeet said:
Why would Apple bring the money back when Ireland taxes them less than 1%?greenblood said:It was hard to buy into the drop last night. The country just voted in a president that wanted to lower corporate taxes and deregulate businesses, all things Wall Street loves. However, I thought it would take about 7 days to recover, instead it took about 7 hours.
Asian markets however won't recover as easily considering their cheap exports are about to get taxed.
I don't know how this works long-term but the corporate tax cut will bring a ton of money back into our country. For Instance, Apple has about $200 billion dollars sitting overseas because of the high tax rate the U.S. has, now that money is coming back and the country will get about a 10-15% cut.
Tariffs will be applied to American goods just as quick as we apply them to foreign goods. We all get fucked in the end. -
My chipotle stock is up 6% today. Most likely it has to do with immigration policy reform somehow. Or Taco bowl sales forecast, can't decide.
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The GOP loves to capitalize on misery. Private prisons should be unconstitutional.UWhuskytskeet said:Geo Group the private-prison company is up 21% today.
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Yeah, we need more inefficiently run government services.doogsinparadise said:
The GOP loves to capitalize on misery. Private prisons should be unconstitutional.UWhuskytskeet said:Geo Group the private-prison company is up 21% today.
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Yeah we need private incentive to create crime. Or is it just a coincidence that prisoners leaving private prisons are more likely to re-offend?Bob_C said:
Yeah, we need more inefficiently run government services.doogsinparadise said:
The GOP loves to capitalize on misery. Private prisons should be unconstitutional.UWhuskytskeet said:Geo Group the private-prison company is up 21% today.
