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Offline rangerrebew

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« on: June 19, 2014, 12:47:57 PM »
« Last Edit: June 19, 2014, 12:48:34 PM by rangerrebew »
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim tribute to patriotism who should labor to subvert these great pillars of human happiness -- these firmest props of the duties of men and citizens. . . . reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principles."
George Washington

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
Benjamin Franklin

Offline Oceander

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« Reply #1 on: June 19, 2014, 07:09:19 PM »
actually, moving corporate HQ - and the parent holding co. - out of MN will reduce the total MN tax hit for the simple reason that only the income generated by whatever subsidiary runs the "operational headquarters" will be subject to MN tax; with the company headquartered in MN the worldwide income of the entire company is potentially subject to MN tax.

Offline truth_seeker

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« Reply #2 on: June 19, 2014, 07:21:09 PM »
actually, moving corporate HQ - and the parent holding co. - out of MN will reduce the total MN tax hit for the simple reason that only the income generated by whatever subsidiary runs the "operational headquarters" will be subject to MN tax; with the company headquartered in MN the worldwide income of the entire company is potentially subject to MN tax.
So Minn. has unitary tax on corporations, like California?

"God must love the common man, he made so many of them.�  Abe Lincoln

Offline jmyrlefuller

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« Reply #3 on: June 19, 2014, 08:27:46 PM »
actually, moving corporate HQ - and the parent holding co. - out of MN will reduce the total MN tax hit for the simple reason that only the income generated by whatever subsidiary runs the "operational headquarters" will be subject to MN tax; with the company headquartered in MN the worldwide income of the entire company is potentially subject to MN tax.
Indeed, and (as I'm sure you are well aware) Ireland is notorious for being a corporate tax haven. It is not that hard to shift surplus revenues to the foreign subsidiary to dodge U.S. corporate taxes.


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