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Mideast interest in U.S. real estate
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<blockquote data-quote="Catatonic" data-source="post: 391948" data-attributes="member: 7966"><p><span style="color: black"><span style="font-family: 'Verdana'"><span style="color: black"><span style="font-family: 'Times New Roman'"><span style="font-size: 12px">One of the primary reasons is the Corporate Tax Rate by the US Government and then the States Tax on top of that. A foreign company with lower tax rates (such as the Budweiser acquisition by a Belgium company - InBev) can take the profits and move them to that country and increase the profitability by 10 - 20% or even more. </span></span></span></span></span></p><p><span style="color: black"><span style="font-family: 'Verdana'"><span style="color: black"><span style="font-family: 'Times New Roman'"><span style="font-size: 12px">Sort of like UPS moving from Connecticut to Georgia.</span></span></span></span></span></p><p><span style="color: black"><span style="font-family: 'Verdana'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Times New Roman'">Ireland lowered their Corporate tax rate and has grown tremendously. The French have criticized the Irish based on the belief that their low corporation tax rates enabled Ireland to compete unfairly in attracting international investment.</span></span></p><p> </p><p><span style="font-family: 'Times New Roman'"><span style="font-size: 12px">Speaking of the French, Obama and the Democrats are talking about raising Corporate taxes just as Exxon is selling off all it’s gas stations. This is the first step where Exxon will wind up being a foreign owned company. Remember Amoco (American Oil Company)….same situation. Now it’s owned by BP and BP is planning to gradually divest itself of it’s gas stations in the US. All those previous Amoco profits go to help the UK economy…not the US.</span></span></p></blockquote><p></p>
[QUOTE="Catatonic, post: 391948, member: 7966"] [COLOR=black][FONT=Verdana][COLOR=black][FONT=Times New Roman][SIZE=3]One of the primary reasons is the Corporate Tax Rate by the US Government and then the States Tax on top of that. A foreign company with lower tax rates (such as the Budweiser acquisition by a Belgium company - InBev) can take the profits and move them to that country and increase the profitability by 10 - 20% or even more. [/SIZE][/FONT][/COLOR] [COLOR=black][FONT=Times New Roman][SIZE=3]Sort of like UPS moving from Connecticut to Georgia.[/SIZE][/FONT][/COLOR] [/FONT][/COLOR] [SIZE=3][FONT=Times New Roman]Ireland lowered their Corporate tax rate and has grown tremendously. The French have criticized the Irish based on the belief that their low corporation tax rates enabled Ireland to compete unfairly in attracting international investment.[/FONT][/SIZE] [FONT=Times New Roman][SIZE=3]Speaking of the French, Obama and the Democrats are talking about raising Corporate taxes just as Exxon is selling off all it’s gas stations. This is the first step where Exxon will wind up being a foreign owned company. Remember Amoco (American Oil Company)….same situation. Now it’s owned by BP and BP is planning to gradually divest itself of it’s gas stations in the US. All those previous Amoco profits go to help the UK economy…not the US.[/SIZE][/FONT] [/QUOTE]
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