c***n
发帖数: 1034 | | c***n
发帖数: 1034 | 2 THE CORPORATE TAX DODGING PREVENTION ACT OF 2015
The Corporate Tax Dodging Prevention Act would prevent corporations from
sheltering profits in tax havens like Bermuda and the Cayman Islands and
would stop rewarding companies that ship jobs and factories overseas with
tax breaks. The Joint Committee on Taxation (JCT) has estimated in the past
that similar provisions would raise more than $590 billion in revenue over a
decade. The Corporate Tax Dodging Prevention Act will reform the tax code
by:
1. Ending the rule allowing American corporations to defer paying federal
income taxes on profits of their offshore subsidiaries. (Section 2 of the
bill.)
Current law allows American corporations to defer paying U.S. income taxes
on profits of their offshore subsidiaries until those profits are “
repatriated” (officially brought to the U.S.) which may not happen for
years, if ever. As a result, American corporations would rather report
foreign profits than domestic profits to the I.R.S. Deferral therefore
creates an incentive to either move operations and jobs to a lower-tax
country, or to use accounting gimmicks to make U.S. profits appear to be
earned in a lower-tax country.
The Congressional Research Service has indicated that the cost of this tax
avoidance to the U.S. Treasury approaches or exceeds $100 billion annually.
The Corporate Tax Dodging Prevention Act would end this tax avoidance by
ending the rule allowing deferral of U.S. income taxes on offshore profits.
Under this legislation, American corporations would still be allowed a
credit that reduces their federal income tax liability by an amount equal to
income taxes paid to foreign governments on these profits. This foreign tax
credit exists under current law and already prevents double-taxation of
profits.
2. Closing loopholes allowing American corporations to artificially inflate
or accelerate their foreign tax credits. (Section 4 of the bill.)
When U.S. corporations earn profits overseas, taxes paid to the foreign
country are credited against U.S. tax liabilities, in order to avoid double-
taxation. Under current rules and tax planning strategies, corporations are
allowed to claim foreign tax credits for taxes paid on foreign income that
is not subject to current U.S. tax (meaning foreign tax credits in excess of
what is needed to avoid double-taxation). As a result, companies are able
to use such credits to pay less tax on their U.S. taxable income than they
would if it was all from U.S. sources – providing them with a competitive
advantage over companies that invest in the United States. Under the
Corporate Tax Dodging Prevention Act, foreign tax credits generated by
profits earned in one country could not be used against U.S. income taxes on
profits earned in another country.
3. Preventing American corporations from claiming to be foreign by using a
tax haven post office box as their address. (Section 5 of the bill.)
Some companies claim to be based in a tax haven like the Cayman Islands even
though their presence in these locations consist of nothing more than a
post office box and their actual staff is still located in the U.S. Today, a
single five-floor office building in the Cayman Islands is claimed as the
address for over 18,000 corporations, demonstrating how easy it is for
companies to pretend to be based there. Under the Corporate Tax Dodging
Prevention Act, a corporation could not claim to be foreign if their
management and control operations are primarily located in the U.S.
4. Preventing American corporations from avoiding U.S. taxes by inverting. (
Section 7 of the bill.)
Another way American corporations avoid U.S. taxes is by inverting. In an
inversion, an American corporation acquires or merges with a (usually much
smaller) foreign company and then claims that the newly merged company is a
foreign one for tax purposes — even though the majority of the ownership is
unchanged and little or no personnel or operations have actually moved
offshore.
Under the Corporate Tax Dodging Prevention Act, the U.S. would continue to
tax such a company as an American corporation so long as it is still
majority owned by the owners of the American party to the merger or
acquisition.
5. Prevent foreign-owned corporations from stripping earnings out of the U.S
. by manipulating debt expenses. (Section 6 of the bill.)
Foreign controlled multinational corporations sometimes load up their U.S.
affiliates with excessive debt as a way to shift profits out of the U.S. The
foreign-owned U.S. affiliates then make interest payments to foreign
companies that result in deductions that reduce or wipe out their U.S.
income for tax purposes. Often the loans are made between commonly owned
companies, which means they are really an accounting fiction and the only
real consequence is a lower U.S. income tax bill.
Under the Corporate Tax Dodging Prevention Act, a U.S. affiliate of a
foreign-owned multinational corporation would not be allowed to deduct
interest expenses that are disproportionate to its share of income of the
entire corporate group (entire group of corporations owned by the same
parent company). The U.S. affiliate could choose instead to be subject to a
different rule limiting deductions for interest payments to ten percent of
its income.
6. Preventing large oil companies from disguising royalty payments to
foreign governments as foreign taxes. (Section 3 of the bill.)
U.S. taxpayers are taxed on their income worldwide, but are entitled to a
dollar-for-dollar tax credit for any income taxes paid to a foreign
government. U.S. oil and gas companies have been disguising royalty payments
to foreign governments as foreign taxes in order to claim foreign tax
credits. The Corporate Tax Dodging Prevention Act would close this loophole
which amounts to a U.S. subsidy for foreign oil production for the five
largest oil companies. | s*********r
发帖数: 9493 | 3 晶晶好久不见了。过得还好吧？
我昨天看见版上有人念叨你，然后你今天就来了。:) | s*******1
发帖数: 16479 | 4 Bernie坚持住，尽管我不会投他，但我赞赏斗士，不轻言败，永不知明天的变局在哪里。
老爷子不是establishment 的人，这点令人激赏 | t*******d
发帖数: 12895 | 5 希望三德子不要轻易缴械
哪天老妖婆被disqualify, 三德子就出线了 | k*********4
发帖数: 1147 | 6 尽管不同意三得子的观点。 但很敬佩老头子的人品。今天巴非勒跳出来后就越发感到
这个国家被华尔街控制着。 | c***n
发帖数: 1034 | 7 谢谢问候，工作上忙乎了一阵子。你也好吧？
看到Bernie南卡失利，就过来看看了。
【在 s*********r 的大作中提到】
: 晶晶好久不见了。过得还好吧？
: 我昨天看见版上有人念叨你，然后你今天就来了。:)
| c***n
发帖数: 1034 | 8 其实才刚刚开始，而且重要的是让人们能够听到他的声音。他让沉睡的人们开始思考社
会的问题。变革也许很艰难，但是他的40年的奋斗经历会鼓舞更多的年轻人去参与到争
取自身利益以及人类的共同利益的活动中去。
里。
【在 s*******1 的大作中提到】
: Bernie坚持住，尽管我不会投他，但我赞赏斗士，不轻言败，永不知明天的变局在哪里。
: 老爷子不是establishment 的人，这点令人激赏
| c***n
发帖数: 1034 | 9 不会的。他40年来信念从未改变。40年都过来了，这几个月就不用说了。
【在 t*******d 的大作中提到】
: 希望三德子不要轻易缴械
: 哪天老妖婆被disqualify, 三德子就出线了
| c***n
发帖数: 1034 | 10 不必同意Sanders的所有观点。只要大家开始去思考，看看谁是真正最能代表自己利益
的，去选谁就好了。
【在 k*********4 的大作中提到】
: 尽管不同意三得子的观点。 但很敬佩老头子的人品。今天巴非勒跳出来后就越发感到
: 这个国家被华尔街控制着。
| l****z
发帖数: 29846 | 11 问题是这个糟老头子提出来的东东象白痴和傻逼一样.
第一条要是实行的话,大公司马上会把总部搬出美国.这样,你政府海外收入的税收不到,
还赔上了总部的工作.
后面那条关于inverting的东东, 什么叫美国占majority的? 那些是上市公司, 除少部
分公司有例外,大多数情况下公司的大部分股票是在股东手里. 而这些股东可能在美国,
可能不在美国. 傻逼以为总部在美国的公司就算美国公司了. 人家只是总部在合并前
在美国, 合并后总部搬到海外去了.
一个总部在美国的公司收购了一个总部在爱尔兰的公司, 收购后人家决定把总部搬到爱
尔兰不可以嘛? 你要是还宣布这个是美国公司的话, 你有的和其他所有国家搞了.
散德死根本不懂这些经济层次方面的东东, 就是胡搅蛮缠而已.
里。
【在 s*******1 的大作中提到】
: Bernie坚持住，尽管我不会投他，但我赞赏斗士，不轻言败，永不知明天的变局在哪里。
: 老爷子不是establishment 的人，这点令人激赏
| s*******1
发帖数: 16479 | 12 所以我不会选他。
但是我希望他和女克斗下去，让女克的提名没那么容易
到,
国,
【在 l****z 的大作中提到】
: 问题是这个糟老头子提出来的东东象白痴和傻逼一样.
: 第一条要是实行的话,大公司马上会把总部搬出美国.这样,你政府海外收入的税收不到,
: 还赔上了总部的工作.
: 后面那条关于inverting的东东, 什么叫美国占majority的? 那些是上市公司, 除少部
: 分公司有例外,大多数情况下公司的大部分股票是在股东手里. 而这些股东可能在美国,
: 可能不在美国. 傻逼以为总部在美国的公司就算美国公司了. 人家只是总部在合并前
: 在美国, 合并后总部搬到海外去了.
: 一个总部在美国的公司收购了一个总部在爱尔兰的公司, 收购后人家决定把总部搬到爱
: 尔兰不可以嘛? 你要是还宣布这个是美国公司的话, 你有的和其他所有国家搞了.
: 散德死根本不懂这些经济层次方面的东东, 就是胡搅蛮缠而已.
|
|
