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FiveThirtyEight midterms projections update: Republicans favored to take the Senate

The point wasn't if it was good or not (Germany's system has flaws, if we want to discuss those) - it's that holding positions on universal health care and public university education are not "extreme" in any way, shape or form in terms of greater humanity. Even other conservative countries such as Germany consider them to be pretty centrist topics.
 
vadimivich said:
Germany taxes all corporations domiciled or managed in Germany on their worldwide income.

Germany provides tuition free university education for all citizens.

Germany provides universal health care coverage for all citizens.


GERMANY IS A FUCKING CONSERVATIVE AS HELL COUNTRY.




Americans really, really, really, really have no idea how fucking far right we are as a nation. FAR TO THE FUCKING EXTREME RIGHT END OF THE GODDAMN SCALE. Own it if you want, but don't call centrist politicians "extremists".
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Yep
 
I think you guys need to let the tax foundation know that your crack wikipedia research supersedes their case study on Germany going to a territorial income tax system. Chortle. http://taxfoundation.org/article/germany-promotes-competition-shift-territorial-taxation-system Dividends from a foreign subsidiary get a 95% deduction, (which is by the way what I have suggested the US do here many times), means that the are taxed at a minimal rate. Most countries will tax a company operating in a foreign country on worldwide profits if it isn't operating under a foreign subsidiary. Pretty much irrelevant for the discussion of worldwide vs territorial taxation. Germany is territorial taxation.
 
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ChrisL68 said:
I think you guys need to let the tax foundation know that your crack wikipedia research supersedes their case study on Germany going to a territorial income tax system. Chortle. http://taxfoundation.org/article/germany-promotes-competition-shift-territorial-taxation-system Dividends from a foreign subsidiary being exempt, means that they aren't taxed. Most countries will tax a company operating in a foreign country on worldwide profits if it isn't operating under a foreign subsidiary. Pretty much irrelevant for the discussion of worldwide vs territorial taxation. Germany is territorial taxation.
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That applies to a narrow subset (dividends earned wholly abroad). Can you even read?
 
the vad-chrisl war is heatin' up. simmer down boys we're all friends here and you're both good posters.
 
And look, the German system has huge holes in it (it's a source of massive debate inside Germany on what to do with firms hiding funds in a variety of tax shelters, African nations are particularly popular right now for that).

I'm just pointing out that even conservative nations think this stuff is pretty darn normal. There's nothing "extreme" about having a very serious discussion around it.
 
OK, I just do corporate taxation for a living. What do you think CFC income is when it is repatriated into the US?

Income earned by foreign subsidiaries which is paid back to the home country parent in the form of dividends and how that is taxed is the entire kit and kaboodle regarding worldwide vs territorial taxation.

Transfer pricing regulations can affect allocations of profits to different jurisdictions, but when you talk of taxing the worldwide profits of a US multinational, it comes down to this.
 
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Well for God's sake if there is one country that we should choose to follow with respect to societal workings, it is Germany. Ya vol, motherfuckers.
 
That's not the point at all. The point is he picked a pretty conservative nation by most standards (of first world nations) and is pointing out that even they have policies in place that are being shot down here even by democrats as being too extremist.
 
Wakeforest22890 said:
That's not the point at all. The point is he picked a pretty conservative nation by most standards (of first world nations) and is pointing out that even they have policies in place that are being shot down here even by democrats as being too extremist.
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But they don't is the point regarding corporate taxation. Every US multinational would jump for joy if you proposed a 95% permanent deduction for foreign dividiends from wholly owned subsidiaries.
 
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Wakeforest22890 said:
That's not the point at all. The point is he picked a pretty conservative nation by most standards (of first world nations) and is pointing out that even they have policies in place that are being shot down here even by democrats as being too extremist.
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IDK, you guys seemed to latch on to their death panel model without a lot of hesitation.
 
When you talk about multinationals and taxes, inevitably someone talks about a "tax holiday" for companies to let bring foreign profits back without paying taxes. The lapdogs for multinationals talk about how it would spurn job creation and corporate expansion. It doesn't. Hell, even the uber RW Heritage Foundation says such actions would be wrong.

They stop just short of calling it the cynical. money grubbing scam that it is and always will be.

http://www.heritage.org/research/re...on-holiday-on-the-economy-jobs-and-investment
 
RJKarl said:
When you talk about multinationals and taxes, inevitably someone talks about a "tax holiday" for companies to let bring foreign profits back without paying taxes. The lapdogs for multinationals talk about how it would spurn job creation and corporate expansion. It doesn't. Hell, even the uber RW Heritage Foundation says such actions would be wrong.

They stop just short of calling it the cynical. money grubbing scam that it is and always will be.

http://www.heritage.org/research/re...on-holiday-on-the-economy-jobs-and-investment
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Yep, they prefer a permanent territorial system like most countries have. You should probably read the articles you post before you conclude that they support your argument when they actually say pretty much the opposite of what you suggest.
 
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ChrisL68 said:
Yep, they prefer a permanent territorial system like most countries have. You should probably read the articles you post before you conclude that they support your argument when they actually say pretty much the opposite of what you suggest.
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LOL. How many times has rj been burned by not reading his own links?
 
Chris wins on the tax issue. But vads points as to universal health and free higher ed stand. Those are certainly not extreme on the global scale.

Without looking it up, I'm thinking Vad would have been better off to point to the tax burdens in Germany vs the us as an example of a conservative nation with Elizabeth Warren policies.
 
Wakeforest22890 said:
First I've seen this down on paper but from a CNN article it appears that GOP leadership's top two goals are the pipeline and repealing the ACA. I firmly believe that repealing the ACA is an absolutely horrible idea for the GOP to have any opportunity to be more than a regional party which can hold the House through a gerrymandered system and take over the Senate in the midterms with a second-term president. The country is only going to continue to diversify while the share of white voters only continues to decrease and the GOP is doubling down on pandering to white people. Comical.

"In an editorial entitled "Now we can get Congress going," Boehner and McConnell spent most of their ink touting their legislative agenda and the chance to pass bills that Majority Leader Harry Reid has kept off the Senate floor.

The Republican leaders pledged to pass legislation to repeal Obamacare and authorize the Keystone pipeline -- both measures Democrats have ardently opposed."
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I saw an article from a right wing news site gloating about how this election proves that the GOP doesn't need to change a thing even though many within the party have called for reform in the past few years.
 
Can you incorporate, llc, etc. yourself in the Bahamas or wherever? Honest question, I have no idea.
 
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