US Politics Mega-thread - Page 2387

On October 13 2015 01:13 oneofthem wrote:
facebook tax is a point against tax arbitrage and for more intl governance.

in the eu it means unified tax and probably fiscal union

On October 13 2015 00:02 KwarK wrote:
It's a shame, certainly. Big business have more money to spend on evading the rules than the government can afford enforcing them. I often wonder if they should just practice in arbitrary and unjustified seizures which just happen to be around an estimate of the tax owed on the earnings. Both sides will know that it's a corporate tax but it won't be justified as such so the lawyers and accountants won't be able to game the system. Although other institutional problems in the UK would probably just exacerbate that.

Fun fact, Starbucks UK pays a licensing fee to Starbucks international for the use of the Starbucks brand. The fee varies annually to equal their profits leaving the company declaring no profits.

Rep. Tulsi Gabbard (D-HI), the vice chairwoman of the Democratic National Committee, said she was uninvited from the first Democratic presidential debate after she appeared on national television and called for more debates, as reported Monday by The New York Times.

Gabbard appeared on MSNBC last Monday and said that there should be more than the six sanctioned debate for the Democratic hopefuls. A day later, Gabbard said she received an email sent by the chief of staff to Rep. Debbie Wasserman Schultz (D-FL) — the chairwoman of the national committee — "about her attendance," according to New York Times.

An unidentified source told the Times that Gabbard was not uninvited, but that Wasserman Shcultz did not want a "distraction" that could separate the party.

The first Democratic debate, hosted by CNN, is scheduled to take place Tuesday beginning at 8:30 p.m. ET.

If legal marijuana were a movie, the $11 million that's estimated to have been taken in during Oregon's first week of retail sales would place it fourth on the list of U.S. weekend box-office receipts, right behind Pan.

We're comparing apples and oranges, of course: The Hollywood numbers reflect this past weekend, while the pot figure is for the first five days of legal sales in Oregon. But if we look at seven days of box-office results, pot in Oregon would still take fifth, solidly ahead of Maze Runner: The Scorch Trials.

The figure has attracted notice since it was announced last week by a trade group, the Oregon Retailers of Cannabis Association. In part, that's because the retail estimate is higher than pot's legal debuts in Washington and Colorado; it also beat Oregon officials' estimates.

ORCA Executive Director Casey Houlihan tells NPR member station KLCC that Oregon had 247 stores take part in its marijuana sales — and that retailers took in $3.5 million on the first day alone.

"We're seeing about 500 people a day," Jeff Johnson, who owns a dispensary called Nectar in Portland, tells local TV KGW.

Part of the draw, as we reported when recreational marijuana sales became fully legal earlier this month, could be that for now, Oregon's pot is on discount: The state won't start levying a 25 percent tax on retail sales until January.

Discussing potential tax revenue from legal pot, Oregon officials previously predicted the state would take in "$10.7 million in revenue for the 2015-2017 biennium."

To bring in that figure at the 25 percent tax rate, the state would need around $42.8 million in sales.

On October 13 2015 02:31 always_winter wrote:
www.cbsnews.com

awkward.gif

#staterunmedia #americanpropaganda

On October 13 2015 02:40 xDaunt wrote:

The degree to which Obama has been out-maneuvered in the Middle East is hilariously bad. I certainly get that the American people have no desire for continued active participation in the wars over there, but Obama's nearly complete abdication of American authority in the Middle East was reckless and has been disastrous. It's the sort of error that America will be paying for long after Obama leaves office.

On October 13 2015 01:22 Gorsameth wrote:

Fiscal union and/or unified tax does nothing so long as countries somewhere on the world are havens.
If you really wanne fix it you would need a global fiscal union which eliminates taxes havens.

On October 13 2015 03:13 cLutZ wrote:

It is amazing the lengths people want governments to go to so they can maximize tax revenue.

Why is there never soul searching about why they are being out completed for profits.

On October 13 2015 03:28 Plansix wrote:

My families business pays those taxes, I don't know why Facebook can't. We,ll I do and its because they have more money and power.

On October 13 2015 04:34 cLutZ wrote:

You are ignoring the simple, better, option of taxing neither company, because in the end its all a tax on employees, customers, and/or shareholders, and its cleaner to simply tax those transactions directly.

On October 13 2015 04:43 ticklishmusic wrote:
Also while we're at it, US stores need to change prices so it includes tax. If i go out for dinner and buy a $12 plate of pasta, my bill should $12, not $14.56 plus tip. Ugh.

On October 13 2015 04:37 KwarK wrote:

Only if the business' shareholders are your citizens.

On October 13 2015 01:22 Gorsameth wrote:

Fiscal union and/or unified tax does nothing so long as countries somewhere on the world are havens.
If you really wanne fix it you would need a global fiscal union which eliminates taxes havens.

On October 13 2015 06:26 oneofthem wrote:

they could simply leverage the power of domestic market access.

as for taxing transactions (consumption?) rather than income, it's highly regressive duh.