KTFA:
Continuation of : When you Wish Upon a Star
BACKDOC: THE RACE IS ON AS THE DEMACRANS AND REPUBLICRATS COME TOGETHER SOON TO LAUNCH CHANGES STARTED BY A TRANSFORMED CAPITALIST PRESIDENT OBAMA! IMO
THE 12 TOLD HIM ITS TIME NOW MR. O TO BECOME A REAGAN REPUBLICAN WITH POLICIES BECAUSE DEMOCRATS CAN'T PRINT THEIR WISHES INTO REALITY ANYMORE!
WITH A FIXED AMOUNT OF INTRINSIC VALUE PER COUNTRY IT'S TIME TO MAKE THE DONUTS BOYS! HEE HEE
ONCE COMPLETE THE U.S. WILL BECOME THE MOST COMPETITIVE BUSINESS MODEL IN THE WORLD!
....
Continuation of : When you Wish Upon a Star
BACKDOC: THE RACE IS ON AS THE DEMACRANS AND REPUBLICRATS COME TOGETHER SOON TO LAUNCH CHANGES STARTED BY A TRANSFORMED CAPITALIST PRESIDENT OBAMA! IMO
THE 12 TOLD HIM ITS TIME NOW MR. O TO BECOME A REAGAN REPUBLICAN WITH POLICIES BECAUSE DEMOCRATS CAN'T PRINT THEIR WISHES INTO REALITY ANYMORE!
WITH A FIXED AMOUNT OF INTRINSIC VALUE PER COUNTRY IT'S TIME TO MAKE THE DONUTS BOYS! HEE HEE
ONCE COMPLETE THE U.S. WILL BECOME THE MOST COMPETITIVE BUSINESS MODEL IN THE WORLD!
....
BACKDOC: THIS REMINDS ME OF THE TUDOR TURTLE CARTOON WHEN I WAS LITTLE, HEE HEE WHEN TUDOR GOT IN TROUBLE, MR, WIZARD WOULD SAY," DRIZZLE DRAZZEL DRIZZEL DRONE, TIME FOR THIS ONE TO COME HOME! BAAA HAAA
U.S. COMPANIES WILL BE ENTICED TO COME HOME WITH COMPETITIVE TAX HAVENS! MAYBE THIS IS WHY MR. ROTHCHILD RECENTLY SAID THE U.S. WOULD BE THE GREATEST TAX HAVEN IN THE WORLD, I'M A BELIEVER NOW!
IF OZ CAN TURN A MARXIST POLICY LEANING IDEALOG PRESIDENT INTO A DEMOCRAN I'M CONVINCED! WOW! DOC IMO
MY STATEMENTS ARE IN NO WAY TRYING TO TAKE A POLITICAL VIEW BUT ONLY A PERSONAL OBSERVATION ON MY BEHALF!
Thunderhawk: Backdoc Alert
IMF Panel Calls for `More Forceful' Policies to Boost Growth
Global finance ministers and central bankers pledged to step up their efforts to support growth, as chances rise of a broader slowdown and risks including refugee crises and a potential U.K. exit from the European Union threaten the world economy.
“Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown and a sudden pull-back of capital flows,” the International Monetary Fund’s top policy advisory committee said in a statement following a meeting on Saturday in Washington. To achieve strong global growth, “we will employ a more forceful and balanced policy mix,” the panel said.
The statement reflects policy makers’ concern that expansion will slow, after the IMF this week downgraded its global outlook again, warning that a prolonged period of slow growth has left the world economy at risk of slipping into stagnation.
Using all policy tools “is vital to stimulate actual and potential growth, enhance financial stability and avert deflation risks,” according to the communique from the panel, known as the International Monetary and Financial Committee. The panel advises the board of governors of the 189-member nation IMF.
Forecast Cut
The Washington-based Fund said earlier this week that the world economy will grow 3.2 percent this year, down from a projected 3.4 percent in January, as weak exports and slowing investment dim prospects in the U.S., a consumption-tax hike saps growth in Japan, and a slump in the price of everything from oil to wheat hobbles commodities producers.
After a separate gathering at the IMF’s spring meetings in Washington, Group of 20 finance ministers and central bankers said on Friday that risks to the global recovery have stabilized even as threats to the outlook remain, including terrorism and the U.K.’s potential exit from the European Union.
In nods to emerging markets, the IMFC said the fund will discuss the reporting of official reserves in Special Drawing Rights, the IMF reserve-currency unit of account that’s adding China’s yuan to its basket this year. In addition, the IMFC said the fund’s next review of voting shares should be completed by late 2017, and should increase the power of emerging market and developing countries.
The latest governance change was approved in December by U.S. lawmakers. It gave more of a voice to emerging markets such as China and India in exchange for greater congressional oversight of the fund.
http://ift.tt/1r69hsw
**************
Mountainman: And The "HEAT Is ON" as IRAN gets Closer to their FUTURE Trade Interaction w/ Global Economies....One Major Restraint remains.......
As We Approach IRAQ'S Coming GLOBAL Entrance ALL should Just FALL into Place.....The USA Won't Lift these Restraints Until Iraq Enters their proper Position=GLOBALLY.....Then We Will Probably see those FINAL Handcuffs Removed from IRAN.....IMO
Blessings,Mountainman (8)=New Beginnings
Thunderhawk: Backdoc Alert
Iran Seeks Access to Its $100 Billion Via U.S. Financial System
Three months after a nuclear deal was implemented between Iran and western powers, the Islamic Republic has been unable to tap about $100 billion held abroad and is seeking access to the U.S. financial system to help pay its bills, Central Bank Governor Valiollah Seif said.
While Iranian deposits held abroad are supposed to be accessible, Seif said Friday that European banks are worried about running afoul of U.S. regulations. He wants the U.S. Treasury’s Office of Foreign Assets Control to issue guidelines encouraging European banks to be more receptive to Iran.
Seif met Treasury Secretary Jack Lew Thursday on the sidelines of the IMF-World Bank meetings in Washington to discuss his concerns.
So far, Iran has gotten “almost nothing” from the accord, which was implemented on Jan. 16, Seif said in an interview with Bloomberg Television. “One of the needs that we definitely have goes back to converting currencies to pay our suppliers. It requires having access to the U.S. financial system.”
Seeking Investment
The nuclear accord, reached after nearly a decade of international sanctions, raised hopes in Iran of a wave of foreign investment and economic prosperity following years of negative or low growth, a weakening currency, and isolation from global markets. Airline companies including Airbus Group SE and Boeing Co. moved to help the country replace its aging fleet, yet many firms remained wary as U.S. sanctions put in place in the 1990s remained in effect.
Many European banks were fined for dealing with Iran when the country was under sanctions and signed settlement agreements not to deal with Tehran for a number of years. France bank BNP Paribas agreed to pay $8.9 billion in July 2014 for violating U.S. sanctions against Sudan, Cuba and Iran. Germany’s Commerzbank AG agreed to pay $1.45 billion for moving funds through the U.S. financial system for Sudan and Iran. Seif wants OFAC to rescind those agreements.
“There is no reason for those obligations to continue,” Seif said. “OFAC should release the banks.”
Obama administration officials have repeatedly said they aren’t blocking access to Iran’s overseas deposits. Earlier this week, Adam Szubin, Treasury’s acting undersecretary for terrorism and financial intelligence, said he’d seen signs that non-U.S. banks weren’t aware of “the scope of U.S. sanctions with regard to Iranian funds that were formerly restrained.”
Szubin, however, also said that the U.S. won’t provide Iran with access to the U.S. financial system. There would be no restoration, he said, of “U-turn’’ authorization, where transactions priced in U.S. dollars are cleared through a U.S. financial institution even though the money doesn’t stay in the U.S. bank.
http://ift.tt/1r69hsAstem
**************
BACKDOC: WITH THE MIDDLE CLASS SHRINKING AND THEIR WAGES SHRINKING MANY HAVE BEEN DEVASTATED BY DISPROPORTIONATE TAXATION! THIS PROBLEM WILL BE ALTERED VERY SOON TO TRANSFORM THE U.S. ECONOMY!
THE NEW REALITY DEMANDS AN ECONOMY BASED ON THAT NEW REALITY AND THE U.S. WILL BECOME LIKE A BUTTERFLY COMING OUT OF A CACOON!
UNFORTUNATELY WE MAY SUFFER THROUGH THIS TRANSITION! TPP WILL BE OUR TRUMP CARD, NO PUN INTENDED! HEE HEE DOC IMO
Mountainman: And We WONDER Why.....There is NO CONFIDENCE.......In the "WIZARD of OZ".......Well.....We are {NOT} in KANSAS Anymore are We ???......Nope.....The MATRIX is A Constraint to One's TRUE Self......IMO
Blessings,Mountainman (8)=New Beginnings.....Hopefully A {Change} Will "HELP ALL"
Thunderhawk: Backdoc Alert
Americans pay more in taxes than for housing, food, clothes combined
What we spend on our home, food and clothing pales in comparison to our annual tax bill.
In 2016, Americans will pay roughly 20% more for their federal, state and local taxes than for the their housing, food and clothing combined, according to an analysis by the Tax Foundation, a nonpartisan tax research organization.
In 2016, Americans will likely spend roughly $1.6 trillion on food, $2.1 trillion on housing and $360 billion on clothing, totaling about $4.1 trillion. Meanwhile, their total tax bill will be about $4.9 trillion ($3.34 trillion in federal taxes and $1.6trillion state and local taxes).
While that number may seem staggeringly high, Americans still spend a lower portion of their income on taxes than residents of other countries, according to an analysis of 39 countries released this week by the Pew Research Center.
For example, a single, childless American making the average wage in 2014 paid 24.8% of his or her gross income in federal income tax and payroll taxes, compared to 27.3% on average across all 39 countries measured. “Much of the difference in relative tax burdens among different countries is due to the taxes that fund social-insurance programs, such as Social Security and Medicare in the U.S.” the Pew researchers write. “These taxes tend to be higher in other developed nations than they are in the U.S.”
http://ift.tt/1r69jR2
**************
Mountainman: Duh.......The Last Paragraph tells The True Reality.....If You Keep MORE Money in One's Pocket,Their Will Be MORE to Spread around to The Economy and to Personal Investments.....Which will Create CONFIDENCE.ASSURANCE,and OPTIMISM for Our Country's FUTURE/GENERATIONS to Come.......The ??? Is....Is that the Overall OBJECTIVE/Intent....??? Hmmm
Blessings,Mountainman (8)=New Beginnings..... Indeed
Thunderhawk: Backdoc Alert
Corporate tax dodging costing US billions in annual income
Big multinational companies that shelter overseas profit from federal taxation cost the U.S. economy more than $100 billion a year by withholding more than $1 trillion collectively, according to a new study that may inflame the debate over tax fairness.
This week, anti-poverty group Oxfam America published a report that analyzed the financial reports of the 50 largest publicly traded U.S. companies. The organization found that behemoths such as Apple, General Electric, Microsoft and Google engage in tax havens that costs the U.S. $111 billion annually. Apple was cited by Oxfam as one of the biggest corporate offenders, holding some $181 billion in money offshore, followed by GE's $119 billion and Microsoft's $108 billion.
The U.S's effective corporate tax rate is 35 percent, but the study found that companies used a variety of tax strategies to cut that rate to just 26.5 percent—with only 5 of the 50 companies paying the full 35 percent.
The Oxfam data put a new spin on a decades-old argument over U.S. corporate welfare and tax fairness. Companies frequently avail themselves of legal yet complex strategies that reduce the amount they pay in overseas earnings, the result of what critics argue is a tax regime shot through with distortions, moral hazards and perverse incentives.
The Congressional Budget Office points out that most corporations can lower their tax burden simply by deducting certain expenses. In a 2013 study, the CBO suggested that a change to foreign tax credit could boost revenues by at least $113 billion over a decade.
Oxfam said that an "opaque and secretive network" of over 1600 subsidiaries have conspired to stash around $1.4 trillion offshore, and linked that amount to the widening gap between rich and poor. The accusation takes on new significance in light of last week's disclosures in the "Panama Papers" affair, which ripped the veil of secrecy from companies and wealthy individuals trying to shelter income.
"Tax dodging practices by corporations and enabled by federal policymakers contributes to dangerous inequality that is undermining our social fabric, and hindering economic growth," the report said, as it urged both Congress and President Barack Obama to enforce tax haven abuse.
From 2008-2014, Oxfam's analysis noted, the 50 companies collected more than $11 trillion in assorted loans, loan guarantees and bailout funds. Branding the current labyrinthine tax code as "rigged," Oxfam contended that corporate efforts to subvert the system are depriving the government of needed revenue to fund education, health care and infrastructure.
Nonetheless, the Treasury Department reaped a record $1.48 trillion in tax revenue in the first half of fiscal year 2016, according to recent Treasury data, but still ran a deficit of nearly $500 billion. Last fiscal year, the federal government hauled in over $3 trillion in tax receipts, which was also a record.
In the current race for the White House, the willingness of companies to pay their "fair share" in taxes has become the stuff of charged political fodder. In particular, Democratic presidential contender and Vermont Senator Bernie Sanders has launched broadsides against big corporations, and faulted them for taking advantage of workers. The latter charge drew a stern rebuke this week from Verizon CEO Lowell McAdam.
However, a growing number of observers say the key to ending the problem of tax havens and corporate inversions is to lower U.S. corporate tax rates. As it stands, the U.S. has one of the highest rates in the entire world, while countries like the U.K. enjoy comparatively lower rates. Britain's rate stands at 20 percent, a rate that will fall to 18 percent in 2020.
Therein lies what some observers say is the key to curbing corporate tax sheltering: Cutting the tax rate to encourage repatriation and foster growth. In a recent CNBC interview, former Treasury Secretary Hank Paulson argued that an "antiquated, outdated tax system" encouraged tax cheating and was a barrier to economic growth.
http://ift.tt/1r69hsE
U.S. COMPANIES WILL BE ENTICED TO COME HOME WITH COMPETITIVE TAX HAVENS! MAYBE THIS IS WHY MR. ROTHCHILD RECENTLY SAID THE U.S. WOULD BE THE GREATEST TAX HAVEN IN THE WORLD, I'M A BELIEVER NOW!
IF OZ CAN TURN A MARXIST POLICY LEANING IDEALOG PRESIDENT INTO A DEMOCRAN I'M CONVINCED! WOW! DOC IMO
MY STATEMENTS ARE IN NO WAY TRYING TO TAKE A POLITICAL VIEW BUT ONLY A PERSONAL OBSERVATION ON MY BEHALF!
Thunderhawk: Backdoc Alert
IMF Panel Calls for `More Forceful' Policies to Boost Growth
Global finance ministers and central bankers pledged to step up their efforts to support growth, as chances rise of a broader slowdown and risks including refugee crises and a potential U.K. exit from the European Union threaten the world economy.
“Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown and a sudden pull-back of capital flows,” the International Monetary Fund’s top policy advisory committee said in a statement following a meeting on Saturday in Washington. To achieve strong global growth, “we will employ a more forceful and balanced policy mix,” the panel said.
The statement reflects policy makers’ concern that expansion will slow, after the IMF this week downgraded its global outlook again, warning that a prolonged period of slow growth has left the world economy at risk of slipping into stagnation.
Using all policy tools “is vital to stimulate actual and potential growth, enhance financial stability and avert deflation risks,” according to the communique from the panel, known as the International Monetary and Financial Committee. The panel advises the board of governors of the 189-member nation IMF.
Forecast Cut
The Washington-based Fund said earlier this week that the world economy will grow 3.2 percent this year, down from a projected 3.4 percent in January, as weak exports and slowing investment dim prospects in the U.S., a consumption-tax hike saps growth in Japan, and a slump in the price of everything from oil to wheat hobbles commodities producers.
After a separate gathering at the IMF’s spring meetings in Washington, Group of 20 finance ministers and central bankers said on Friday that risks to the global recovery have stabilized even as threats to the outlook remain, including terrorism and the U.K.’s potential exit from the European Union.
In nods to emerging markets, the IMFC said the fund will discuss the reporting of official reserves in Special Drawing Rights, the IMF reserve-currency unit of account that’s adding China’s yuan to its basket this year. In addition, the IMFC said the fund’s next review of voting shares should be completed by late 2017, and should increase the power of emerging market and developing countries.
The latest governance change was approved in December by U.S. lawmakers. It gave more of a voice to emerging markets such as China and India in exchange for greater congressional oversight of the fund.
http://ift.tt/1r69hsw
**************
Mountainman: And The "HEAT Is ON" as IRAN gets Closer to their FUTURE Trade Interaction w/ Global Economies....One Major Restraint remains.......
As We Approach IRAQ'S Coming GLOBAL Entrance ALL should Just FALL into Place.....The USA Won't Lift these Restraints Until Iraq Enters their proper Position=GLOBALLY.....Then We Will Probably see those FINAL Handcuffs Removed from IRAN.....IMO
Blessings,Mountainman (8)=New Beginnings
Thunderhawk: Backdoc Alert
Iran Seeks Access to Its $100 Billion Via U.S. Financial System
Three months after a nuclear deal was implemented between Iran and western powers, the Islamic Republic has been unable to tap about $100 billion held abroad and is seeking access to the U.S. financial system to help pay its bills, Central Bank Governor Valiollah Seif said.
While Iranian deposits held abroad are supposed to be accessible, Seif said Friday that European banks are worried about running afoul of U.S. regulations. He wants the U.S. Treasury’s Office of Foreign Assets Control to issue guidelines encouraging European banks to be more receptive to Iran.
Seif met Treasury Secretary Jack Lew Thursday on the sidelines of the IMF-World Bank meetings in Washington to discuss his concerns.
So far, Iran has gotten “almost nothing” from the accord, which was implemented on Jan. 16, Seif said in an interview with Bloomberg Television. “One of the needs that we definitely have goes back to converting currencies to pay our suppliers. It requires having access to the U.S. financial system.”
Seeking Investment
The nuclear accord, reached after nearly a decade of international sanctions, raised hopes in Iran of a wave of foreign investment and economic prosperity following years of negative or low growth, a weakening currency, and isolation from global markets. Airline companies including Airbus Group SE and Boeing Co. moved to help the country replace its aging fleet, yet many firms remained wary as U.S. sanctions put in place in the 1990s remained in effect.
Many European banks were fined for dealing with Iran when the country was under sanctions and signed settlement agreements not to deal with Tehran for a number of years. France bank BNP Paribas agreed to pay $8.9 billion in July 2014 for violating U.S. sanctions against Sudan, Cuba and Iran. Germany’s Commerzbank AG agreed to pay $1.45 billion for moving funds through the U.S. financial system for Sudan and Iran. Seif wants OFAC to rescind those agreements.
“There is no reason for those obligations to continue,” Seif said. “OFAC should release the banks.”
Obama administration officials have repeatedly said they aren’t blocking access to Iran’s overseas deposits. Earlier this week, Adam Szubin, Treasury’s acting undersecretary for terrorism and financial intelligence, said he’d seen signs that non-U.S. banks weren’t aware of “the scope of U.S. sanctions with regard to Iranian funds that were formerly restrained.”
Szubin, however, also said that the U.S. won’t provide Iran with access to the U.S. financial system. There would be no restoration, he said, of “U-turn’’ authorization, where transactions priced in U.S. dollars are cleared through a U.S. financial institution even though the money doesn’t stay in the U.S. bank.
http://ift.tt/1r69hsAstem
**************
BACKDOC: WITH THE MIDDLE CLASS SHRINKING AND THEIR WAGES SHRINKING MANY HAVE BEEN DEVASTATED BY DISPROPORTIONATE TAXATION! THIS PROBLEM WILL BE ALTERED VERY SOON TO TRANSFORM THE U.S. ECONOMY!
THE NEW REALITY DEMANDS AN ECONOMY BASED ON THAT NEW REALITY AND THE U.S. WILL BECOME LIKE A BUTTERFLY COMING OUT OF A CACOON!
UNFORTUNATELY WE MAY SUFFER THROUGH THIS TRANSITION! TPP WILL BE OUR TRUMP CARD, NO PUN INTENDED! HEE HEE DOC IMO
Mountainman: And We WONDER Why.....There is NO CONFIDENCE.......In the "WIZARD of OZ".......Well.....We are {NOT} in KANSAS Anymore are We ???......Nope.....The MATRIX is A Constraint to One's TRUE Self......IMO
Blessings,Mountainman (8)=New Beginnings.....Hopefully A {Change} Will "HELP ALL"
Thunderhawk: Backdoc Alert
Americans pay more in taxes than for housing, food, clothes combined
What we spend on our home, food and clothing pales in comparison to our annual tax bill.
In 2016, Americans will pay roughly 20% more for their federal, state and local taxes than for the their housing, food and clothing combined, according to an analysis by the Tax Foundation, a nonpartisan tax research organization.
In 2016, Americans will likely spend roughly $1.6 trillion on food, $2.1 trillion on housing and $360 billion on clothing, totaling about $4.1 trillion. Meanwhile, their total tax bill will be about $4.9 trillion ($3.34 trillion in federal taxes and $1.6trillion state and local taxes).
While that number may seem staggeringly high, Americans still spend a lower portion of their income on taxes than residents of other countries, according to an analysis of 39 countries released this week by the Pew Research Center.
For example, a single, childless American making the average wage in 2014 paid 24.8% of his or her gross income in federal income tax and payroll taxes, compared to 27.3% on average across all 39 countries measured. “Much of the difference in relative tax burdens among different countries is due to the taxes that fund social-insurance programs, such as Social Security and Medicare in the U.S.” the Pew researchers write. “These taxes tend to be higher in other developed nations than they are in the U.S.”
http://ift.tt/1r69jR2
**************
Mountainman: Duh.......The Last Paragraph tells The True Reality.....If You Keep MORE Money in One's Pocket,Their Will Be MORE to Spread around to The Economy and to Personal Investments.....Which will Create CONFIDENCE.ASSURANCE,and OPTIMISM for Our Country's FUTURE/GENERATIONS to Come.......The ??? Is....Is that the Overall OBJECTIVE/Intent....??? Hmmm
Blessings,Mountainman (8)=New Beginnings..... Indeed
Thunderhawk: Backdoc Alert
Corporate tax dodging costing US billions in annual income
Big multinational companies that shelter overseas profit from federal taxation cost the U.S. economy more than $100 billion a year by withholding more than $1 trillion collectively, according to a new study that may inflame the debate over tax fairness.
This week, anti-poverty group Oxfam America published a report that analyzed the financial reports of the 50 largest publicly traded U.S. companies. The organization found that behemoths such as Apple, General Electric, Microsoft and Google engage in tax havens that costs the U.S. $111 billion annually. Apple was cited by Oxfam as one of the biggest corporate offenders, holding some $181 billion in money offshore, followed by GE's $119 billion and Microsoft's $108 billion.
The U.S's effective corporate tax rate is 35 percent, but the study found that companies used a variety of tax strategies to cut that rate to just 26.5 percent—with only 5 of the 50 companies paying the full 35 percent.
The Oxfam data put a new spin on a decades-old argument over U.S. corporate welfare and tax fairness. Companies frequently avail themselves of legal yet complex strategies that reduce the amount they pay in overseas earnings, the result of what critics argue is a tax regime shot through with distortions, moral hazards and perverse incentives.
The Congressional Budget Office points out that most corporations can lower their tax burden simply by deducting certain expenses. In a 2013 study, the CBO suggested that a change to foreign tax credit could boost revenues by at least $113 billion over a decade.
Oxfam said that an "opaque and secretive network" of over 1600 subsidiaries have conspired to stash around $1.4 trillion offshore, and linked that amount to the widening gap between rich and poor. The accusation takes on new significance in light of last week's disclosures in the "Panama Papers" affair, which ripped the veil of secrecy from companies and wealthy individuals trying to shelter income.
"Tax dodging practices by corporations and enabled by federal policymakers contributes to dangerous inequality that is undermining our social fabric, and hindering economic growth," the report said, as it urged both Congress and President Barack Obama to enforce tax haven abuse.
From 2008-2014, Oxfam's analysis noted, the 50 companies collected more than $11 trillion in assorted loans, loan guarantees and bailout funds. Branding the current labyrinthine tax code as "rigged," Oxfam contended that corporate efforts to subvert the system are depriving the government of needed revenue to fund education, health care and infrastructure.
Nonetheless, the Treasury Department reaped a record $1.48 trillion in tax revenue in the first half of fiscal year 2016, according to recent Treasury data, but still ran a deficit of nearly $500 billion. Last fiscal year, the federal government hauled in over $3 trillion in tax receipts, which was also a record.
In the current race for the White House, the willingness of companies to pay their "fair share" in taxes has become the stuff of charged political fodder. In particular, Democratic presidential contender and Vermont Senator Bernie Sanders has launched broadsides against big corporations, and faulted them for taking advantage of workers. The latter charge drew a stern rebuke this week from Verizon CEO Lowell McAdam.
However, a growing number of observers say the key to ending the problem of tax havens and corporate inversions is to lower U.S. corporate tax rates. As it stands, the U.S. has one of the highest rates in the entire world, while countries like the U.K. enjoy comparatively lower rates. Britain's rate stands at 20 percent, a rate that will fall to 18 percent in 2020.
Therein lies what some observers say is the key to curbing corporate tax sheltering: Cutting the tax rate to encourage repatriation and foster growth. In a recent CNBC interview, former Treasury Secretary Hank Paulson argued that an "antiquated, outdated tax system" encouraged tax cheating and was a barrier to economic growth.
http://ift.tt/1r69hsE
BACKDOC: LIKE I SAID IN MY LAST POST,"WHEN YOU WISH UPON A STAR", WHERE IS IRANS MONEY? THEY OBVIOUSLY HAVEN'T GOTTEN ACCESS TO THEIR RATE OR THEIR FUNDS!
THEY ARE SAYING, SHOW ME THE MONEY HONEY! HEE HEE
WITH SANCTIONS LIFTED, THE EMPIRE IS PLAYING HARDBALL!
JACK JACK JACK WANTS CURRENCY VELOCITY OF ALL IRANS OIL! NOW THAT I'VE BEEN TEACHING YOU, YOU KNOW WHY. IT'S LIKE GETTING A CUT OF PROFIT BEFORE ANYONE ELSE! WILL IRAN GIVE THE U.S. THE FINGER OF LOVE? HEE HEE DOC IMO
Mountainman: Expectations Are HIGH and EUROPE is In DIRE NEED for ALL The TRADE DEALS They could Get......They won't Be LEFT BEHIND as it were......However TIME is a Waisting Away and RESTRAINTS will likely be Removed Soon as they Enter the WTO......but (NOT) w/Out IRAQ Your Brother from Another Mother.....RIGHT???.....LOL....
Blessings,Mountainman 8)=New Beginnings.....SOON
Thunderhawk: MEGA ALERT
Zarif: Iran, EU will press US on access to global financial system
Mogherini: Iran's missile tests no nuclear deal breach
One of the Iran’s goals in nuclear talks with world powers was to secure access to the global financial system, and the United States must now do more to remove obstacles to the banking sector, Foreign Minister Mohammad Javad Zarif said on Saturday.
In January, world powers led by the United States and the European Union lifted most sanctions on Iran in return for limits on its nuclear program, Reuters reported.
But the US banks remain prohibited from doing business with Iran directly or indirectly.
That has deterred European institutions, which fear they could face US legal problems if they reestablish banking links.
"Iran and the EU will put pressure on the United States to facilitate the cooperation of non-American banks with Iran," Zarif said at a news conference in Tehran with Mogherini who was leading a team of seven EU commissioners on a one-day trip to Iran where they agreed to cooperate on everything from banking to energy to transport issues.
"It's essential that the other side, especially the United States, fulfill its commitments not on paper but in practice and removes the obstacles especially in banking sector," he said.
Zarif and Mogherini said in a joint statement after the news conference that the EU and Iran were agreed on the expansion of economic relations, and "encouraging banking cooperation".
"It is in the European interest and in the Iranian interest to make sure that banks engage and feel confident to come to Iran and facilitate and support this new economic engagement," Mogherini said.
EU mission in Iran
With a view to opening a full EU diplomatic mission in Iran an EU liaison team will be sent to Tehran, Mogherini and Zarif said in a joint statement.
"Today is a new beginning in Iran and EU relations. We hope this cooperation between the Iranian nation and European Union brings about shared interests and global development," Zarif was quoted as saying by IRNA.
The EU executive's visit comes on the heels of trips to Tehran by European governments seeking to revive ties with Iran after the July 2015 nuclear deal.
The EU and Iran will exchange business missions in the second half of this year and Brussels will assist Iran in becoming a member of the World Trade Organization, the statement said.
On the issue of human rights, which also figured in discussions, Mogherini said the EU would continue to be firm on its principles while maintaining dialogue with Iran.
Missile tests
Mogherini repeated that she did not see Iran's recent ballistic missile tests as a breach of the nuclear accord between Iran and world powers.
On March 9, Iran successfully test-fired two ballistic missiles as part of military drills to assess its defense capabilities.
Zarif told the presser that Iran’s missile tests neither breach the Joint Comprehensive Plan of Action (JCPOA) nuclear agreement nor any United Nations Security Council resolutions as the missiles “are not designed to carry nuclear weapons”.
Mogherini said the nuclear deal was important for improving the security landscape in the Middle East and the two sides had agreed to work together to foster dialogue in the region.
The two sides underscored their determination to promote Iran-EU bilateral relations in various areas, particularly economy, as well as cooperation on other issues of international importance.
Referring to last July’s nuclear agreement, Zarif said Tehran and the EU “will cooperate to remove the remaining obstacles in the way of the JCPOA’s implementation”.
“We are certain that the EU’s political and economic interests lie in implementation of the Joint Comprehensive Plan of Action and cooperation with Iran,” the Iranian foreign minister said.
The top EU diplomat hailed the nuclear deal reached between Iran and the P5+1 states adding that the JCPOA proved “diplomacy works”.
“Iran has delivered on its side of the deal and so has the EU by lifting the sanctions,” the EU official said.
http://ift.tt/20Nnsyy
THEY ARE SAYING, SHOW ME THE MONEY HONEY! HEE HEE
WITH SANCTIONS LIFTED, THE EMPIRE IS PLAYING HARDBALL!
JACK JACK JACK WANTS CURRENCY VELOCITY OF ALL IRANS OIL! NOW THAT I'VE BEEN TEACHING YOU, YOU KNOW WHY. IT'S LIKE GETTING A CUT OF PROFIT BEFORE ANYONE ELSE! WILL IRAN GIVE THE U.S. THE FINGER OF LOVE? HEE HEE DOC IMO
Mountainman: Expectations Are HIGH and EUROPE is In DIRE NEED for ALL The TRADE DEALS They could Get......They won't Be LEFT BEHIND as it were......However TIME is a Waisting Away and RESTRAINTS will likely be Removed Soon as they Enter the WTO......but (NOT) w/Out IRAQ Your Brother from Another Mother.....RIGHT???.....LOL....
Blessings,Mountainman 8)=New Beginnings.....SOON
Thunderhawk: MEGA ALERT
Zarif: Iran, EU will press US on access to global financial system
Mogherini: Iran's missile tests no nuclear deal breach
One of the Iran’s goals in nuclear talks with world powers was to secure access to the global financial system, and the United States must now do more to remove obstacles to the banking sector, Foreign Minister Mohammad Javad Zarif said on Saturday.
In January, world powers led by the United States and the European Union lifted most sanctions on Iran in return for limits on its nuclear program, Reuters reported.
But the US banks remain prohibited from doing business with Iran directly or indirectly.
That has deterred European institutions, which fear they could face US legal problems if they reestablish banking links.
"Iran and the EU will put pressure on the United States to facilitate the cooperation of non-American banks with Iran," Zarif said at a news conference in Tehran with Mogherini who was leading a team of seven EU commissioners on a one-day trip to Iran where they agreed to cooperate on everything from banking to energy to transport issues.
"It's essential that the other side, especially the United States, fulfill its commitments not on paper but in practice and removes the obstacles especially in banking sector," he said.
Zarif and Mogherini said in a joint statement after the news conference that the EU and Iran were agreed on the expansion of economic relations, and "encouraging banking cooperation".
"It is in the European interest and in the Iranian interest to make sure that banks engage and feel confident to come to Iran and facilitate and support this new economic engagement," Mogherini said.
EU mission in Iran
With a view to opening a full EU diplomatic mission in Iran an EU liaison team will be sent to Tehran, Mogherini and Zarif said in a joint statement.
"Today is a new beginning in Iran and EU relations. We hope this cooperation between the Iranian nation and European Union brings about shared interests and global development," Zarif was quoted as saying by IRNA.
The EU executive's visit comes on the heels of trips to Tehran by European governments seeking to revive ties with Iran after the July 2015 nuclear deal.
The EU and Iran will exchange business missions in the second half of this year and Brussels will assist Iran in becoming a member of the World Trade Organization, the statement said.
On the issue of human rights, which also figured in discussions, Mogherini said the EU would continue to be firm on its principles while maintaining dialogue with Iran.
Missile tests
Mogherini repeated that she did not see Iran's recent ballistic missile tests as a breach of the nuclear accord between Iran and world powers.
On March 9, Iran successfully test-fired two ballistic missiles as part of military drills to assess its defense capabilities.
Zarif told the presser that Iran’s missile tests neither breach the Joint Comprehensive Plan of Action (JCPOA) nuclear agreement nor any United Nations Security Council resolutions as the missiles “are not designed to carry nuclear weapons”.
Mogherini said the nuclear deal was important for improving the security landscape in the Middle East and the two sides had agreed to work together to foster dialogue in the region.
The two sides underscored their determination to promote Iran-EU bilateral relations in various areas, particularly economy, as well as cooperation on other issues of international importance.
Referring to last July’s nuclear agreement, Zarif said Tehran and the EU “will cooperate to remove the remaining obstacles in the way of the JCPOA’s implementation”.
“We are certain that the EU’s political and economic interests lie in implementation of the Joint Comprehensive Plan of Action and cooperation with Iran,” the Iranian foreign minister said.
The top EU diplomat hailed the nuclear deal reached between Iran and the P5+1 states adding that the JCPOA proved “diplomacy works”.
“Iran has delivered on its side of the deal and so has the EU by lifting the sanctions,” the EU official said.
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