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BTW, my view is the classic, orthodox capitalist view. Other views are neomercantalist or protectionist.
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France, Germany and Russia . And Greece.
Slap them into next week.
Life is not measured by the number of breaths you take, but by the moments that take your breath away.
"Hating America is something best left to Mobius. He is an expert Yank hater.
He also hates Texans and Australians, he does diversify." ~ BraindeadComment
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No wonder you teach ski GP.Comment
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I sold out. Will be working for an evil company again. Maybe i should turn over a new leaf and leave the internet?Originally posted by paiktis22
No wonder you teach ski GP.Comment
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What happened? You now fail to seduce even bored old ladies for a living?Comment
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I never did that for a living. I specialize more in being all nice and getting them to fall in me and then feeling bad when I don't marry them.Comment
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"Are you saying that the amount of the tax break depends on a firm's political campaign contributions?"
Pretty much so. This thing would be extremely easily fixed by exempting foreign revenue from US taxation in general - ie a tax cut (the scheme goes a bit further in some aspects IIRC, but a key problem is the US idea to tax US "citizens" whereever they make their money). It's really funny that the EU is doing the US a big favour there, which goes, of course, against the interest of your political elite.
But the lobbyists are fighting tooth and nail about every dollar, and it seems their worst nightmare is another company profiting more from adjustments. Congress the good ***** that it is, obliges...
Or how do you explain that they just didn't pass the simple general exemption?
"On Jan. 31, 1951, the UN SC unanimously passed a resolution that it was no longer "siezed" of the complaint concerning the agression of the North Koreans."
Looks like a procedural decision to no longer seek to resolve this complaint, probably because north Korea did not respond. Does not affect the authorization of force.Last edited by HershOstropoler; May 8, 2003, 02:32.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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This article is in the NYT archive, so there's only the free summary:
Business/Financial Desk | September 20, 2002, Friday
A Civil War Within a Trade Dispute
By EDMUND L. ANDREWS (NYT) 1496 words
Late Edition - Final , Section C , Page 1 , Column 2
ABSTRACT - Obscure trade dispute between Europe and US has turned into political brawl over $100 billion in corporate tax breaks that pits many of America's biggest companies against one another; business interests are so divided and corporate intrigue so intense that Congress has become all but paralyzed over issue; consequences of stalemate could be severe; World Trade Organization has repeatedly ruled that American tax break for what are known as foreign sales corporations amounts to illegal trade subsidy; arrangement provides huge benefit to many multinationals by allowing American companies to reduce their taxes on profits from exports by channeling sales through foreign sales corporation, based in low-tax country; trans-Atlantic trade war could develop if US refuses to eliminate or fundamentally change break; European Union is entitled to impose up to $4 billion in retaliatory tariffs on American exports; House Ways and Means Committee chairman Bill Thomas has sponsored bill aimed at resolving dispute; many fellow Republicans, including Rep Jennifer Dunn, oppose plan; photo (M) What began as an obscure trade dispute between Europe and the United States has turned into a political brawl over $100 billion in corporate tax breaks that pits many of America's biggest companies against one another.
In the behind-the-scenes lobbying battle, Boeing is lining up against General Motors, Walt Disney against AOL Time Warner, Caterpillar against Deere, and Microsoft against I.B.M.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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The EU is almost as much of a bunch of hypocrital exploitive bastards regarding trade policy as the US, so I don't feel any particular sympathy for them. As far as I'm concerned, both governments can go to hell."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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Towards the third world? Yes, it's impossible to tell which one is worse.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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The EU and US shouldn't need to protect their companies form each other. Politicians on both sides say their workers are best in the world, they should let them prove it.Space is big. You just won't believe how vastly, hugely, mind- bogglingly big it is. I mean, you may think it's a long way down the road to the chemist's, but that's just peanuts to space.
Douglas Adams (Influential author)Comment
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Huh? I think you are saying that the lobbying for the tax break itself consists of political campaign support. Not that individual companies have specific exampetions based on campaign contributions. If the latter, please give me the specific text of the act that supports this.Originally posted by HershOstropoler
"Are you saying that the amount of the tax break depends on a firm's political campaign contributions?"
Pretty much so. This thing would be extremely easily fixed by exempting foreign revenue from US taxation in general - ie a tax cut (the scheme goes a bit further in some aspects IIRC, but a key problem is the US idea to tax US "citizens" whereever they make their money). It's really funny that the EU is doing the US a big favour there, which goes, of course, against the interest of your political elite.
But the lobbyists are fighting tooth and nail about every dollar, and it seems their worst nightmare is another company profiting more from adjustments. Congress the good ***** that it is, obliges...
Or how do you explain that they just didn't pass the simple general exemption?
"On Jan. 31, 1951, the UN SC unanimously passed a resolution that it was no longer "siezed" of the complaint concerning the agression of the North Koreans."
Looks like a procedural decision to no longer seek to resolve this complaint, probably because north Korea did not respond. Does not affect the authorization of force.Comment
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"I think you are saying that the lobbying for the tax break itself consists of political campaign support."
No, just that the corps bought the exemptions via lobbyists.
"Not that individual companies have specific exampetions based on campaign contributions. If the latter, please give me the specific text of the act that supports this."
One-eyed red-haired lesbians on drug rehabilitation in west virginia - legislation.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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"Special tax breaks for income from exports for US corps, attributed according to campaign contribution (which makes negotiating adjustments so cumbersome)."
Take another look at this sentence. You are either sloppy in communication or don't understand the English grammar here. This is why it is a pisser to talk to you sometimes.Comment
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Not quite, as Polish farmers will be given only 25% of the subsidies that farmers in EU will get, and may add no more than 15% to if from its own budget.I assume this help will be tremendous in Poland."I realise I hold the key to freedom,
I cannot let my life be ruled by threads" The Web Frogs
Middle East!Comment
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