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Category Archives: Tariffs

No Corporate Emigration from Income Taxes


No Corporate Emigration [courtesy Google Images]

No Corporate Emigration
[courtesy Google Images]

The Associated Press published “US cracks down on companies moving overseas”. In that article, they reported that,

 

“ The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American companies from shifting their ownership abroad to shirk paying U.S. taxes.

“New regulations from the Treasury Department will make these co-called corporate inversions less lucrative by barring creative techniques that companies use to lower their tax bill. Additionally, the U.S. will make it harder for companies to move overseas in the first place by tightening the ownership requirements they must meet.

“This action will significantly diminish the ability of inverted companies to escape U.S. taxation,” Treasury Secretary Jacob Lew said. He added that for some companies considering inversions, the new measures would mean inverting would “no longer make economic sense.”

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For a Few Dollars More


[courtesy Google Images]

[courtesy Google Images]

Yahoo Finance reprinted an article from Credit.com entitled “How to Make an Extra $1,000 a month”. Judging from the title, making more money is an appropriate subject for credible financial advisors like Credit.com and Yahoo Finance.

This is especially true since a recent survey (Economic Well-Being of U.S. Households in 2013) by the Federal Reserve indicates that 52% of Americans could not completely cover a hypothetical emergency expense of $400 without selling something or borrowing money. In other words, 52% of the American people have cash savings of less than $400.

That result is:

1) Frightening (What’ll those people do if there’s a systemic collapse? $400 won’t last long); and,

2) Good evidence that tens of millions of Americans should be interested in earning an “extra” $1,000 per month.

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Falling Sears


[courtesy Google Images]

[courtesy Google Images]

I remember buying at Sears stores when I was a kid.  The stores were always crisp and clean.  Their shelves were well-stocked. Sears prices tended to be high, but they sold quality.  For example, Craftsman tools were about as good as you could get and carried a lifetime guarantee.  You couldn’t beat ’em.

Four years ago, about Christmas, I stopped in at a Sears store at Dallas.  I was shocked.  The carpets were dirty.  The shelves were only partly stocked and what was there was mostly junk. There were only a few employees, but almost no customers.  The store was grubby.  It was clearly a corporation headed for bankruptcy.

Today, I read an article in DealBook entitled “For Once-Mighty Sears, Pictures of Decay”.  The article chronicled the author’s visits to several Sears stores–all of which were as shabby as the Dallas store I’d seen four years ago:

 

When Brian Sozzi, the chief executive of Belus Capital Advisors, visited Sears locations in New York and New Jersey this month, he said, he found barren shelves, haphazard displays and badly stained carpets.

Also missing: customers.

“It’s just badness throughout,” Mr. Sozzi said in an interview. “Every store has something fundamentally wrong with it.”

What’s wrong with Sears?  Why has this one-time corporate giant fallen on bad times?

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