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Anti-Business story by CBS's 60 minutes

Discussion in 'BlackHat Lounge' started by Roparadise, Aug 15, 2011.

  1. Roparadise

    Roparadise BANNED BANNED

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    60 minutes ran a story about how American companies are moving overseas to Switzerland to save billions on taxation. Its 15-16% there compared to 35% in the United States.I think it is wrong that 60 minutes is being biased against companies saving money on taxes.

    http://www.cbsnews.com/video/watch/?id=7376848n


    BTW if you want a real tax haven check out Montenegro which has a 9% tax rate.
     
  2. Pixel Pirate

    Pixel Pirate Junior Member

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    There's nothing wrong with saving money and being as efficient as possible. There is a problem when laws slow growth rather than promote it.
     
  3. flexnds

    flexnds Power Member

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    Nice. The U.S. always tries to see how much money they can take from people and businesses before they get blow back. I'm glad the U.S. is getting competition on this, and I hope the U.S. will lower taxes significantly to compete, and I think the U.S. should have to compete.
     
  4. Roparadise

    Roparadise BANNED BANNED

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    what i dont understand is why companies are not registering and opening offices in bulgaria and motenegro. Bulgaria has the lowest tax rate in the EU at 10%. that is a huge difference in money saved compared to filing in switzerland.
     
  5. DamageX

    DamageX Elite Member

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    Wild guess, but could have something to do with the companies not wanting the fucking hassle of dealing with corruption. :naughty:
     
  6. DamageX

    DamageX Elite Member

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    BTW, the alleged potential taxes dodged is $60Bln, which she said could be used to help out with the debt/deficit. I guess she hasn't taken a look at the deficit lately, 'cause $60Bln is a piss in the ocean compared to the $4 Trillion deficit...
     
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  7. Roparadise

    Roparadise BANNED BANNED

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    $14 trillion and growing by $1.3 trillion per year.
     
  8. DamageX

    DamageX Elite Member

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    You might want to learn the difference between DEBT and DEFICIT.
     
  9. Roparadise

    Roparadise BANNED BANNED

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    Sorry,i was thinking about the debt not deficit. if the governement actually changed it so that the current tax loopholes are closed,many companies will just move totally overseas and the U.S. government will just "lose" even more.

    If anyone is interested in forming a swiss company,you can check out this company. http://www.obc-suisse.ch/en
     
    Last edited: Aug 15, 2011