Walgreens Considers International Move

Can't blame the shareholders of Walgreen's. I would rather get the benefits of my investments rather than a bunch of thugs and fascists.

I blame them, they want all the rights, benefits and privileges of being American and living in America but don't want to pay for ant of it.  If they want to move, let them move out and stay out.  Don't bring your self of your products back.

 

If people will check, these chain stores are not cheaper on drugs.  I have found small stores match or beat them on a lot of medicines.  

 

 

This post started about wanting to move TO a foreign land to escape american taxes. I didn't like that.  You twisted that to imply that I am against a foreign company having a plant in america.  I don't believe the foreign company did that to dodge tax in their home land.  

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The foreign companies moved for several reasons, Germany because their worker and energy costs are so high. Japan because of an increasing worker shortage as their population ages without replacement and energy costs. South Korea for a number of the same reasons. However, the principal in all, plus the US companies moving headquarters overseas is that money is fungible. It goes where it feels safe and can grow.

 

Actually when the shareholders receive dividends or profit from selling the stocks, they pay taxes; so they are paying their way. If I were a stockholder of Walgreen's, I would move the headquarters to limit the double taxation on my investment to fund those who are robbing me to buy power for themselves.

So you blame the company instead of blaming a system that would incentivize companies to move out of the country? LOL

 

you just can't make this stuff up.

 

What I can't figure is why so many people want to screw the US out of money and business.

 

I wonder why foolish envious people vote for politicians who create a tax code that deincentivizes  growth and prosperity. Cuba, Zimbabwe, and Venezuela may have a larger percentage of people living as equals than in the U.S.; but I don't want to live there.

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Most of Bernie Madoff''s suckers investors were liberal.

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jt, The question you should be asking is why a nation that once prospered and attracted talented people and businesses from all over the world now see those fleeing.

They want to go where the tax rate is how much??  Answer please (honest answer)

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Switzerland corporate tax rate for income produced in the confederation is progressive up to 8.5 percent.  Like all nations, except the US, they don't tax income outside their nation. Consider the other side of the question -- why didn't companies before -- what has changed to cause this,

well, in june of 2013, obama tried to lower the corporate tax rate.. the 'grand bargain' was rejected by the regressives. now, here's dire telling you how it's all obama's fault... anybody else see the pattern here?

Switzerland corporate tax rate for income produced in the confederation is progressive up to 8.5 percent.  Like all nations, except the US, they don't tax income outside their nation. Consider the other side of the question -- why didn't companies before -- what has changed to cause this,

 

Let them move company and CEO's to Switzerland.  Let the company pay the nations tax, and let the CEO's and board of directors pay the nations tax rates

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Actually, Reid killed the bill in the Senate.

 

I've always respected the llama.  When loaded with even one more ounce than he knows he can carry, he sits down until its removed. And, if one tries to get him up without lightening the load, spits in their eye. Real nasty stuff like tobacco juice.

What percent of the corporations pay the maximum tax rate?

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Even after I've carefully explained the problem JT appears either completely incapable of understanding it, or is demagoguing it.  

 

Unless the first is true, he knows that many, corporations don't pay the higher tax rates as they are international and can protect their revenue thru US and foreign tax law.  Therefore, the conclusion is probably the latter -- a nasty piece of demagoguery. 

 

What this thread is about is that the other companies, large and small, that do not have overseas operations, are either moving their HQs overseas to take advantage of the lower tax rates, or are arranging to be bought by foreign firms for the same reason.  The result is less revenue to the US for taxes and less employment in the US. 

 

JT, which is it -- invulnerable ignorance or demagogue!

It's not just corporations that can move their base of operations. Over 35 years ago I worked with an engineer who was the product of a marriage between an American diplomat and a British colonial subject. He claimed his mother's citizenship and paid little in taxes. This was during a time when most people with good salaries tried to limit their tax liability with side businesses like hobby farms, rental property, etc. The Bahamian ( I think?) engineer alternated driving to work in a Porsche and a Corvette and lived large while his bosses drove midsize cars and beater farm trucks to work and lived more frugally.

Probably Bahamas, they are still part of the UK. 

'Twas the best guess after many years. Anyway if liberals want to keep taxing to spend more to buy votes then expect people to vote with their feet. Like walking aboard a jetliner to live in the same country with Tina Turner.

Don't tell crash that. He thinks Harry Reid is perfect and has never done anything wrong.

i'm so glad for kenny and dire.. without them, i wouldn't know what i thought... they both love to tell how 'liberals' think and kenny is great at telling me, personally, my own beliefs.. even if he has no clue what they are... they're both great conservatives.

Progressives travel in such lock step mode, its rather easy to discern their motivations. Check New Republic, if there are doubts.  Conservatives are all over the place, like herding cats.  That's a result of thinking for one self.

see what i mean... .dire's always here to tell liberals how they think. and how wonderful it is to be a regressive.

Alliance Boots moved from the UK to Switzerland in order to lower its tax bill.  Walgreens will relocate from Illinois to Switzerland, undergo a process called "inversion", retain 80% of it's stock and legally become a Swiss corporation.   

Walgreens earns about 72 billion dollars per year and gets about 24 billion dollars of this from medicare and medicaid, which is direct payments from the US government.  They want to send this to Switzerland to dodge about 11 percentage points on tax. 

While doing this, they will remain in the US and enjoy living here while they cheat the US out of taxes earned in the USA.

When they do this, medicare and medicaid should be off limits to them, and any tax breaks they have on those high dollar lots and stores should be cancelled.  After all, they got them as Walgreens and now they are a foreign corporation.  

Progressives travel in such lock step mode, its rather easy to discern their motivations. Check New Republic, if there are doubts.  Conservatives are all over the place, like herding cats.  That's a result of thinking for one self.

 

Straight from Rupert Murdocks talking points.  Let an Austrailian do your thinking and write your speeches.

Why is the right wing so eager to screw the US any time they can?  They remind me of the kid who takes his bat and ball home when it don't go his way.

OK, how is walgreen's move "the right wing screwing America'??

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If, medicare/medicaid is such a major portion of their business, thatprobably means they offer a better price. JT has no problem jacking up the costs, I suppose. Love the term cheating the US out of taxes.  Why did the government cause the situation in the first place. 

 

No more wallgreens or stanley products for me!!

While doing this, they will remain in the US and enjoy living here while they cheat the US out of taxes earned in the USA.

 

Jt, when dividends are paid to U.S. citizens or they sell their stocks and profit, our goobermint profits as do foreign governments when their citizens profit from Walgreen's. The big difference is with the increase in dividends to the shareholder, they wll pay more than they did before. 

 

Jt, considering what day it is, did you by chance forget the biggest reason for the Declaration of Independence? Mebbe you and King Barry need to get a History refresher.

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By what authority could the government ban persons obtaining goods for medicare?  Only Part A is direct payments from the government.  Walgreens provides Part B and D goods and services.  Parts B and D are paid solely by the user.  I suppose the Government could ban medicaid at Walgreens as its a welfare program. 

 

In 2013, Walgreens earned $72.228 billion with an after expenses (including taxes) net income of $2.456 billion (2.5 percent).  They paid taxes of $1.45 billion on that profit or over 37 percent of their before tax profits to government. As a reminder, their taxes and expenses will rise because of Obamacare.  Guess government won't be satisfied until its 100 percent of profits.  

 

As even congress may not change contracts per the constitution, what authority will Obama end  "any tax breaks they have on those high dollar lots and stores should be cancelled."  Are you advocating an abrogation and end of the constitution?  Those tax breaks were mainly to the benefit of local and state governments.  Why should the federal government even be involved. 

 

So, will you next be advocating suspension of elections and civil rights protected by the constitution.  Its just a small step from your present position. 

If JT's position is law, future Bill Gates and Steve Jobs will probably start companies in the US.  But, once they show any promise, move the thing -- production and HQ overseas to friendlier climes.  The left does know how to kill progress and profits.

Obama has set a new record -- more Americans are leaving and giving up their citizenship than since the War for Independence ended and tories headed for Canada.  Even when we incarcerated half the Japanese-American population during WWII, only a handful decided to return to Japan.  Quite  a record there, Obama.

LOLOLOLOL.

 

WOW!