Bravo, Mr. President

Leave a comment

April 14, 2016 by skokielib

President Obama continues to fight for the American people and he continues to have success.

By implementing new Treasury Department rules, he was able to stop the paper movement of U.S. drug make Pfizer from moving its headquarters to Ireland. There was no physical move. No transfer of people. No movement of core business functions. It was just going to be a paper transfer saying that the company was headquartered in Ireland.

They’ve argued they need to do it because U.S. taxes are so high. They fail to mention that their actual tax rate is roughly 7.5%.

It’s all an accounting game. It is made possibly by complex rules, corporate tax incentives, global movement of money, and paper schemes.

Bravo, President Obama, for preventing a company from shafting U.S. citizens and putting more tax burden on the average Joe.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 343 other followers

President Obama, VP Biden, NRA, Senate, House of Representatives, Human Rights, Entitlements, Obama-care, Women’s Rights, Gun Control, Hilary Clinton, Economy, Racism, Bigotry, Humanity, Iraq, Iran, Syria, Israel, NRA

2016 Presidential Election 2016 Presidential Race Conservative Politics Donald Trump GOP GOP hypocrisy Republican Republicans right-wing Right Wing Politics

Blog Stats

  • 11,312 hits

Others Elect2Care

Member of The Internet Defense League

%d bloggers like this: