TOKYO MASTER BANNER

MINISTRY OF TOKYO
US-ANGLO CAPITALISMEU-NATO IMPERIALISM
Illegitimate Transfer of Inalienable European Rights via Convention(s) & Supranational Bodies
Establishment of Sovereignty-Usurping Supranational Body Dictatorships
Enduring Program of DEMOGRAPHICS WAR on Europeans
Enduring Program of PSYCHOLOGICAL WAR on Europeans
Enduring Program of European Displacement, Dismemberment, Dispossession, & Dissolution
No wars or conditions abroad (& no domestic or global economic pretexts) justify government policy facilitating the invasion of ancestral European homelands, the rape of European women, the destruction of European societies, & the genocide of Europeans.
U.S. RULING OLIGARCHY WAGES HYBRID WAR TO SALVAGE HEGEMONY
[LINK | Article]

*U.S. OLIGARCHY WAGES HYBRID WAR* | U.S. Empire's Casino Unsustainable | Destabilised U.S. Monetary & Financial System | U.S. Defaults Twice A Year | Causes for Global Financial Crisis of 2008 Remain | Financial Pyramids Composed of Derivatives & National Debt Are Growing | *U.S. OLIGARCHY WAGES HYBRID WAR* | U.S. Empire's Casino Unsustainable | Destabilised U.S. Monetary & Financial System | U.S. Defaults Twice A Year | Causes for Global Financial Crisis of 2008 Remain | Financial Pyramids Composed of Derivatives & National Debt Are Growing | *U.S. OLIGARCHY WAGES HYBRID WAR*

Who's preaching world democracy, democracy, democracy? —Who wants to make free people free?
[info from Craig Murray video appearance, follows]  US-Anglo Alliance DELIBERATELY STOKING ANTI-RUSSIAN FEELING & RAMPING UP TENSION BETWEEN EASTERN EUROPE & RUSSIA.  British military/government feeding media PROPAGANDA.  Media choosing to PUBLISH government PROPAGANDA.  US naval aggression against Russia:  Baltic Sea — US naval aggression against China:  South China Sea.  Continued NATO pressure on Russia:  US missile systems moving into Eastern Europe.     [info from John Pilger interview follows]  War Hawk:  Hillary Clinton — embodiment of seamless aggressive American imperialist post-WWII system.  USA in frenzy of preparation for a conflict.  Greatest US-led build-up of forces since WWII gathered in Eastern Europe and in Baltic states.  US expansion & military preparation HAS NOT BEEN REPORTED IN THE WEST.  Since US paid for & controlled US coup, UKRAINE has become an American preserve and CIA Theme Park, on Russia's borderland, through which Germans invaded in the 1940s, costing 27 million Russian lives.  Imagine equivalent occurring on US borders in Canada or Mexico.  US military preparations against RUSSIA and against CHINA have NOT been reported by MEDIA.  US has sent guided missile ships to diputed zone in South China Sea.  DANGER OF US PRE-EMPTIVE NUCLEAR STRIKES.  China is on HIGH NUCLEAR ALERT.  US spy plane intercepted by Chinese fighter jets.  Public is primed to accept so-called 'aggressive' moves by China, when these are in fact defensive moves:  US 400 major bases encircling China; Okinawa has 32 American military installations; Japan has 130 American military bases in all.  WARNING PENTAGON MILITARY THINKING DOMINATES WASHINGTON. ⟴  

July 25, 2014

US squabble for corporate tax dollars


Obama Takes Aim at 'Unpatriotic' Corporate Inversions

By Dunstan Prial

Published July 24, 2014
FOXBusiness

President Barack Obama is taking direct aim at the rising number of U.S. companies using international mergers to relocate their headquarters overseas in an effort to avoid paying U.S. corporate taxes.

In prepared remarks in a speech scheduled for today at a technical college in Los Angeles, the president urged Congress to pass tax reforms that would eliminate loopholes that allow U.S. companies to shield large portions of their profits overseas.

Obama’s public remarks significantly raise the profile of an effort that gained momentum last week with a letter from Treasury Secretary Jacob Lew sent to Congressional leaders in which Lew said such international mergers, called “inversions,” “hollow out the U.S. corporate income tax base.”

The president was expected to make a broad call for “economic patriotism,” suggesting that companies that pursue inversions are essentially renouncing their U.S. citizenship in an effort to reduce their corporate tax burdens.

Administration officials said ahead of the president’s speech that inversions hurt middle-class Americans who have to pick up the slack when corporations use sophisticated loopholes to shirk their tax responsibilities.

Inversions -- and the U.S. corporate tax code -- have come under a higher level of scrutiny since giant U.S. drug maker Pfizer (PFE) announced earlier this year that it planned to merge with London-based AstraZeneca, a move that would have saved it billions in U.S. taxes.

The deal fell apart but the issues it raised haven’t gone away.

Relocating their legal addresses outside the U.S. for tax purposes is hardly a new phenomenon for companies, but Pfizer is by far the largest and most high-profile company to ever attempt the move.
Through an inversion Pfizer was seeking to reduce its U.S. corporate tax rate of 35% to the much lower 21% in England.

The companies that seek inversions say the comparatively-high U.S. corporate tax rate leaves them at a competitive disadvantage to their overseas competitors. Paying a lower tax rate, they say, helps the company reinvest in itself and ultimately benefits shareholders.

Tax experts estimate there have been about 50 inversions by U.S. companies over the past few decades, with the pace picking up considerably in recent years.

Earlier this year, the Obama administration tucked a measure into a budget bill that would have made the relocation process more difficult for U.S. companies, but the measure never got off the ground in Congress.

Obama is now urging Congress to pass the legislation retroactive to May, arguing that will stop companies from rushing into deals to avoid the law. Republicans in Congress, however, have supported broad tax reform that would eliminate loopholes and lower corporate tax rates in an effort to reduce the incentive for companies to relocate in countries with lower tax rates than the U.S.

Under current law, shareholders of a U.S. company that merged with an offshore entity would have to own less than 80% of the combined entity to take advantage of a lower foreign tax rate. Obama's budget proposes slashing that cutoff to 50%.

Administration officials estimate the deals, if allowed to continue, will cost the U.S. Treasury $17 billion in lost revenue over the next decade.

Source - Fox Business - here.

Obama's unlikely to be popular with corporations wanting a free hand.

Sounds like some Americans aren't averse to socialist principles when it comes to grabbing tax dollars.

Don't know how they can predict $17 bil lost revenue in a decade, when there's a variable:  how many companies jump ship and merge.

The Republicans want to lower corporate tax rates, so maybe the Republicans will win next election?

Like how 'mergers' have become 'inversions'. 
That's a good move in the campaign to hold onto tax dollars.

'Inversions hurt the middle-class Americans' is brilliant. 
And so is 'renouncing' US citizenship.
That ought to get Americans waving their pitchforks.  LOL.

Who would have thought a squabble for tax dollars could be this exciting?

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