[Vision2020] Obama tax haven proposal

[Mike Deleve]

 Paul, I don't think it will be very effective, unless tariffs are once 
again imposed on imports. I think the closing of the loopholes by themselves 
may very well have the opposite effect of their intent. Until companies are 
truly penalized for offshoring jobs, they will continue to take advantage of 
the situation. Yes, I'm talking protectionism. Why shouldn't we? The field 
needs to be leveled again.
 The thing that I just not able to understand is this. Is every company so 
shortsighted to not see what is going to happen when their are no more 
decent paying middle class jobs left?  That IS what's happening now. Sooner 
or later, the average American won't be able to buy all the imported crap 
anymore. No amount of tax havens will do anyone any good then.
----- Original Message ----- 
From: "Paul Rumelhart" <godshatter at yahoo.com>
To: "Vision2020" <vision2020 at moscow.com>
Sent: Monday, May 04, 2009 7:19 PM
Subject: [Vision2020] Obama tax haven proposal


> I'm just curious what people here on da viz think about Obama's proposal
> to close some loopholes dealing with overseas tax havens in an attempt
> to bring in more tax revenue.  Will the corporations pull up their
> stakes and move overseas?  Will this be coupled with a lowering of taxes
> as an incentive or as a method of competing with the lower tax rates in
> the Caribbean?
>
> On the one hand, if these corporations are using loopholes to get around
> paying their fair share of taxes, I can see it as a good thing.
>
> If they leave the country or raise their costs significantly, then I can
> see it as a bad thing.
>
> I  was just wondering what other people here thought.
>
> Paul
>
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