Comments on: Offshore Banking Business: Obama’s Rich Donors Threaten Him over Closing Foreign Tax Havens

By: BooRadley

BooRadley — Tue, 12 May 2009 13:54:27 +0000

Excellent point.

By: BooRadley

BooRadley — Tue, 12 May 2009 13:53:52 +0000

ROFLMAO.

Next time, bring a link.

By: postmodernprimate

postmodernprimate — Tue, 12 May 2009 02:18:26 +0000

I think the argument is “we shouldn’t tax big business because it will cut the amount of money that they can pay to small businesses that supply them.”

Tax evaders and bailout recipients primary concern over ending giveaways is the potential damage to Grandma’s 401k and Ma & Pa Inc.

By: leftdcin72

leftdcin72 — Tue, 12 May 2009 00:03:37 +0000

The Clintons sponsored the offshore tax treatment legislation as well as the deregulation of banks as well as Reagan era domestic government spending levels. Let’s never return to those good old days.

By: MarkH

MarkH — Mon, 11 May 2009 23:47:55 +0000

Not punishment, just eliminating that deduction for the future.

By: MarkH

MarkH — Mon, 11 May 2009 23:46:36 +0000

Wouldn’t it be fascinating to analyze how much they’ve hidden from the tax man since this became available to them and how the gov’t might have used that money to avoid huge debt or to provide valuable services to the public AND to regulate the markets, so we wouldn’t have this gigantic world-wide recession which has cost trillions?

By: MarkH

MarkH — Mon, 11 May 2009 23:44:26 +0000

If Obama can get the economy running better the stock market will zoom up and their stock values will make them far richer than the reduction of their tax havens could offer.

If they don’t let him fix things, then the economy and the market will be flat as a balloon without air.

Choose.

By: MarkH

MarkH — Mon, 11 May 2009 23:39:08 +0000

You might be right, but I’d prefer to fantasize that it’s part of a move towards a new tax structure with fewer deductions…a cleaner code.

By: MarkH

MarkH — Mon, 11 May 2009 23:37:32 +0000

Something like 40% of all off-shore (all or European-ish I don’t recall) ‘investments’ are in Ireland. It’s purely a move to save paying taxes.

You would think these people are smart enough to know they are trying to save pennies instead of getting the economy going strong again so they can make dollars.

What is it with claiming Obama is a class warrior when it’s clear from their unpatriotic hiding of taxable dollars that it’s them who have helped put us into this position of huge debt.

They should trust Obama and the agenda he used to get elected. They know their businesses and they should let him do his job.

By: readerOfTeaLeaves

readerOfTeaLeaves — Mon, 11 May 2009 18:35:23 +0000

Seems pretty simple: asking electeds whether they really want to keep handing power and control to criminals. Or not?