Flight out of the country by US Investment Firms.

[nutmeg]

I still wonder what the Communist Chinese would do to someone that threatens to leave China if he doesn't get a lower tax rate?

-----------------

My guess this is not likely to happen. Simple reason, easy money. In the US all the easy money is gone. Raise a tax, enact another reg and pfffttttt. who's going to pay for it? You can't pass the next expense through. prime example is Obama's health care.

 

[businessstaxes]

there is no income tax in bermuda

many investment firms/hedge funds like templeton franklin aren't even based on us..they are in the carribean islands. bermuda etc. these guys don't produce anything..

i guess with all these new regulations they don't have any tax loopholes.

Quote from EMRGLOBAL:

Federal regulations are choking America’s small businesses, says Frank Holmes CEO of U.S. Global Investors – a publicly traded money management firm with $2.6 billion in assets under management.
_______________________________________________________

The "Bank Reform" rules passed by congress a short time ago are still unclear.


Was on the phone with Dubia early this Am, I'm hearing that many US investment Firms are looking for an exit if these rules tangle their models.
Dubia is active in seeking such firms and offering them some incentives to opperate outside the US.

We will have to see if there is a mass exodus in Firms, as Steve Wynn of Wynn Resorts has already moved his "Main" office to China.

Atlas Shrugged, warned of the end result if the Goverment became hostile against Business.

 

[EMRGLOBAL]

middle class getting all their jobs exported to slave labor countries:

----------------------------------------------------------------------

It isn't I who failed the middle class. It is the "FREELOADERS", GOVERMENT, and THE SHEEOPLE themselves who failed.

Most of the middle class failed themselves, for not Fighting for Capitalism and Freedom and getting into massive DEBT 100X what they earn..

I have no sympothy for the Middle Class.

 

[MKTrader]

Quote from noob_trad3r:

haha so he gets in bed with the communists.

Not really. Easier to do business over there than the U.S. in many respencts. The hard-core commie stuff started to go away in the late 70s. At least on the business end of things. Freedom of religion, speech, etc. have a ways to go still.

 

[rubibond007]

Quote from EMRGLOBAL:


----------------------------------------------------------------------

It isn't I who failed the middle class. It is the "FREELOADERS", GOVERMENT, and THE SHEEOPLE themselves who failed.

Most of the middle class failed themselves, for not Fighting for Capitalism and Freedom and getting into massive DEBT 100X what they earn..

[/B]

Brilliant post!!

 

[EMRGLOBAL]

The hard-core commie stuff started to go away in the late 70s.

-----------------------------------------------------------------------------
Except Russia. It has got'n worse. I tryed to deal in Russian and man, the are in deep shit. They GOV is not playing around in Russia.

I spoke to a few clients in Venezuela. Good news is their recent congress was won over by Anti Chavez party. However, they have woken a LION as my contact stated. Chavez is hammering down on Private Business as we speak. But my circle is hopefull that in two years, the Presidential Elections will oust Chavez.

So, there are some area's right now that are not a good place to be conducting business. Just gota take the pulse of the World Economy and Political Agenda's.

No body is selling out to Communist. Communist are folding in most areas as are the Socialist. The move by Germany to block Hedgfund Rules is another sign that many countries are looking at capitialism,while ours heads towards Socialism, which is far more painful than the reverse.

 

[Pasternak]

Quote from EMRGLOBAL:


The move by Germany to block Hedgfund Rules[/B]

What rule/law do you mean?

 

[Bob111]

Quote from MKTrader:

Not really. Easier to do business over there than the U.S. in many respencts. The hard-core commie stuff started to go away in the late 70s. At least on the business end of things. Freedom of religion, speech, etc. have a ways to go still.

yep..it's actually pure capitalistic play.business in US been taxed and regulated a lot..the trend starts during Clinton...so they did what every normal businessman would do-move some place else. where labor is cheaper and gvt is more cooperative. software and internet first,then production and services and now even a law,finance firms are moving out..
and i believe that we are seen nothing yet..fun will start @ 2011 with tax increases pretty much everywhere

 

[EMRGLOBAL]

2011 with tax increases pretty much everywhere:
----------------------------------------------------------------------

Not sure if we are gona see that move. There are enough Dems to vote a tax "Increase" down with out Rep control of the house.

We already had one tax increase, the 3.9 or so % on interested earned thanks to healthcare bill. So, anything that goes on a Schedual E is taxed.

Also the cost of healthcare (indirect form of taxation) is moving up fast and will impact everyone next year.


So, we have had a Tax increase, just not to the pre Bush levels...but I don't think they will let the BUSH TAX cuts expire. I think congress will put keep the cuts in effect for a few more years.

 

[Scataphagos]

Quote from EMRGLOBAL:

2011 with tax increases pretty much everywhere:
----------------------------------------------------------------------
"... So, we have had a Tax increase, just not to the pre Bush levels...but I don't think they will let the BUSH TAX cuts expire. I think congress will put keep the cuts in effect for a few more years.

Don't the Bush tax rates "sun set" on Dec 31? Wouldn't it take a Bill to be passed by both House and Senate.. then signed by Odumba to retain the current tax rates?

If so, will not Odumba veto the bill?