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SportTrac Discussion
General Sport Trac Discussion
Have manufacturing jobs have vanished to China, Mexico and South Korea?
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<blockquote data-quote="Thomas Rogers" data-source="post: 963618" data-attributes="member: 60724"><p>drpertz,</p><p></p><p></p><p></p><p>Let's take your points one at a time, shall we.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Actually, not that it is a good excuse, offshore or not, most American companies pay little to no taxes. Essentially, a company pays taxes based on NEBT (net earnings before taxes). The reality is that many, many companies are run so that they show little to no net earnings. This isn't corrupt, and it isn't really wrong. It is what it is given our tax codes. If a company wishes to use all its earnings (revenue less costs) and essesentally run at very little profit, then it can and it is in its best interest to do so.</p><p></p><p></p><p></p><p>The biggest reason for offshoring is not to avoid paying taxes. That is simply a fallacy. The bigger reasons are to reduce cost of labor (the biggest reason, since for most all companies that is the single largest cost of goods and services), and another is to reduce or eliminate various regulations, oversight, (beauracracy, red tape).</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>And, if the Feds succeed it will be just another reason for Boeing to look at offshored manufacturing.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Not illegals, I am pretty certain. No international company would run the risk of getting pinched with illegals on the dole. Just not worth it.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>What exactly should it tell us?</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 963618, member: 60724"] drpertz, Let's take your points one at a time, shall we. Actually, not that it is a good excuse, offshore or not, most American companies pay little to no taxes. Essentially, a company pays taxes based on NEBT (net earnings before taxes). The reality is that many, many companies are run so that they show little to no net earnings. This isn't corrupt, and it isn't really wrong. It is what it is given our tax codes. If a company wishes to use all its earnings (revenue less costs) and essesentally run at very little profit, then it can and it is in its best interest to do so. The biggest reason for offshoring is not to avoid paying taxes. That is simply a fallacy. The bigger reasons are to reduce cost of labor (the biggest reason, since for most all companies that is the single largest cost of goods and services), and another is to reduce or eliminate various regulations, oversight, (beauracracy, red tape). And, if the Feds succeed it will be just another reason for Boeing to look at offshored manufacturing. Not illegals, I am pretty certain. No international company would run the risk of getting pinched with illegals on the dole. Just not worth it. What exactly should it tell us? TJR [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Have manufacturing jobs have vanished to China, Mexico and South Korea?
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