Germans fear huge loss of jobs from US tax reform

[Right_in_Virginia]

Germans fear huge loss of jobs from US tax reform
Handelsblatt, Dec 14, 2017, Katharina Kort

German investment in the US is expected to rise by €39 billion because of lower US corporate taxes.

“The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim. Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.”

Clemens Fuest, who heads the Ifo economic think tank, also said he believed German business would suffer. “Investments and jobs will migrate to the US,” he said.

More: https://global.handelsblatt.com/politics/germans-fear-huge-loss-of-jobs-from-us-tax-reform-865577

[anubias]

The Zero is puking in his shoes.   

As are the rest of the Democrats.

https://www.investors.com/politics/editorials/lefts-unhinged-response-to-trump-tax-cut-reveals-their-real-fear-what-if-it-works/

[Right_in_Virginia]

Oops ... it looks like Congress ignored their letter.  ^-^

US tax reform breaks global rules, EU says
DW.com, Dec 19, 2017, Nils Zimmermann

European finance ministers are worried. They say the United States' big tax reform bill contains measures that would unfairly disadvantage European business and contravene global fair-taxation rules. Are they right?

Last week, the finance ministers of Europe's five biggest economies — Germany, France, the UK, Spain and Italy — wrote an anxious letter to their American colleague, US Treasury Secretary Stephen Mnuchin, and copied it to all senior Republican politicians in the Congress and Senate.

The letter's thrust: The draft US tax bill, if passed as written a week ago, would represent a break with global fair-taxation rules as applied to corporations, and represent a thinly disguised form of trade war.

"The United States is Europe's single most important trade and investment partner," the finance ministers wrote. "It is important that the U.S. government's rights over domestic tax policy be exercised in a way that adheres with international obligations to which it has signed-up. The inclusion of certain less conventional international tax provisions could contravene the US's double taxation treaties and may risk having a major distortive impact on international trade."


More:  http://www.dw.com/en/us-tax-reform-breaks-global-rules-eu-says/a-41862318

[Right_in_Virginia]

The Zero is puking in his shoes.   

As are the rest of the Democrats.

https://www.investors.com/politics/editorials/lefts-unhinged-response-to-trump-tax-cut-reveals-their-real-fear-what-if-it-works/

    ^-^

[Right_in_Virginia]

Happy new year, Angela ...

[Oceander]

People who turn their noses up at the United States’ obligations under the tax treaties it has, and which it principally drafted, are idiots. 

The US has gone down this road before, and lost. 

[anubias]

People who turn their noses up at the United States’ obligations under the tax treaties it has, and which it principally drafted, are idiots. 

The US has gone down this road before, and lost.

Then vote for Democrats as most lawyers do if you want to see the US buried under tax burdens to keep us from competing with other countries.  Maybe Michael will run to put his husband back in the Whitehouse to make your dreams come true.

[anubias]

Happy new year, Angela ...

Love it!   

[Right_in_Virginia]

Love it!   

This has been a pretty damn good week!!! 

[truth_seeker]

People who turn their noses up at the United States’ obligations under the tax treaties it has, and which it principally drafted, are idiots. 

The US has gone down this road before, and lost.

What does "United States’ obligations under the tax treaties," have to do with lower US federal corporate tax rates?

[Oceander]

Then vote for Democrats as most lawyers do if you want to see the US buried under tax burdens to keep us from competing with other countries.  Maybe Michael will run to put his husband back in the Whitehouse to make your dreams come true.

And here I thought so-called conservatives were supposed to be about the rule of law.  Apparently not.  As far as you’re concerned, the US responsibilities under treaties it negotiated and signed are just so much empty verbiage to be ignored if it pleases Lord Trump. 

What a waste of political intellect. 

[Oceander]

What does "United States’ obligations under the tax treaties," have to do with lower US federal corporate tax rates?

Why don’t you read up on the issues so you can ask intelligent questions.  Take a few minutes time away from worshipping Lord Trump. 

[Bigun]

The Zero is puking in his shoes.   

As are the rest of the Democrats.

https://www.investors.com/politics/editorials/lefts-unhinged-response-to-trump-tax-cut-reveals-their-real-fear-what-if-it-works/

Yes they are!  They are scared to death of the working people in this country noticing the change in the bottom lines of their paychecks next year!

[truth_seeker]

Why don’t you read up on the issues so you can ask intelligent questions.  Take a few minutes time away from worshipping Lord Trump.

It is a simple question. You raised "United States’ obligations under the tax treaties," so you owe forum participants a brief concise explanation of what you mean.

I will restate my question: What do "United States’ obligations under the tax treaties," have to do with reduced corporate tax rates?

Enlighten the whole forum.   

[Oceander]

Yes they are!  They are scared to death of the working people in this country noticing the change in the bottom lines of their paychecks next year!

You’re so clueless it’s not even funny. Perhaps you didn’t notice that they also changed the formula for indexing the rate brackets so that the indexing will be more IRS-friendly and less taxpayer-friendly.  Any tax cuts that might be realized next year will be fully offset, and then some, by the silent tax increases everyone will face in subsequent years as they get slowly pushed into higher brackets due to the slower rate of indexing.  And the change in the indexing is permanent, btw, and doesn’t sunset in 10 years, so there is a permanent tax increase that will quickly swamp the little palliative tax “cut” next year.

[Bigun]

You’re so clueless it’s not even funny. Perhaps you didn’t notice that they also changed the formula for indexing the rate brackets so that the indexing will be more IRS-friendly and less taxpayer-friendly.  Any tax cuts that might be realized next year will be fully offset, and then some, by the silent tax increases everyone will face in subsequent years as they get slowly pushed into higher brackets due to the slower rate of indexing.  And the change in the indexing is permanent, btw, and doesn’t sunset in 10 years, so there is a permanent tax increase that will quickly swamp the little palliative tax “cut” next year.

Says you!  If it were you to me the Gooberment would not have ANY of the social engineering tools provided by the Marxist income tax because there wouldn't BE one!

[Oceander]

Says you!  If it were you to me the Gooberment would not have ANY of the social engineering tools provided by the Marxist income tax because there wouldn't BE one!

You’re the very definition of irony:  cheering on a law that exacerbates the defects of the “Marxist” income tax while claiming at the same time to be against the “Marxist” income tax.  You can have one or the other, but not both.

And in point of fact, what Trump and the republicans did with this law, particularly with changing the indexing method, is precisely the sort of thing that is, from your writings, one of the worst aspects of the income tax: stealth appropriation of wealth from individuals for redistribution by the government.

So why are you so happy about the fact that Trump and the republicans just put more Marxism into the US tax system?

[Right_in_Virginia]

Wouldn't taking some classes be a better use of your time?   

[Bigun]

You’re the very definition of irony:  cheering on a law that exacerbates the defects of the “Marxist” income tax while claiming at the same time to be against the “Marxist” income tax.  You can have one or the other, but not both.

And in point of fact, what Trump and the republicans did with this law, particularly with changing the indexing method, is precisely the sort of thing that is, from your writings, one of the worst aspects of the income tax: stealth appropriation of wealth from individuals for redistribution by the government.

So why are you so happy about the fact that Trump and the republicans just put more Marxism into the US tax system?

I'm only happy that the new law is going to be used to DEFEAT democrats next year!  I have said many time previously that in reality it is NOT reform at all but just more tinkering around the edges of the Marxist income tax!  You can check that out if you care to!

[Oceander]

I'm only happy that the new law is going to be used to DEFEAT democrats next year!  I have said many time previously that in reality it is NOT reform at all but just more tinkering around the edges of the Marxist income tax!  You can check that out if you care to!

So you’re happy because one set of crypto marxists - Trump and the republicans - will use a Marxist income tax to beat another group of Marxists?

Hint: either way, the Marxists win. 

[Bigun]

So you’re happy because one set of crypto marxists - Trump and the republicans - will use a Marxist income tax to beat another group of Marxists?

Hint: either way, the Marxists win.

Yeah!  I guess that about sums it up councilor.  Maybe the Republicans are FINALLY learning how to fight fire with fire!

[Oceander]

Yeah!  I guess that about sums it up councilor.  Maybe the Republicans are FINALLY learning how to fight fire with fire!

Hint:  the Marxists still win. 

[Bigun]

Hint:  the Marxists still win.

They've been winning for 150 years now! Time to turn the tables on them!

[driftdiver]

Hint:  the Marxists still win.

No the Marxists always lose in the end, always.   Historically they have to kill a lot of people and destroy nations before they hit bottom though.

[IsailedawayfromFR]

It is a simple question. You raised "United States’ obligations under the tax treaties," so you owe forum participants a brief concise explanation of what you mean.

I will restate my question: What do "United States’ obligations under the tax treaties," have to do with reduced corporate tax rates?

Enlighten the whole forum.   

@Oceander - when will you answer the question rather than throwing mud on the wall to see what sticks?  @truth_seeker has asked politely twice and you ignore him.