NO MORE RED PAINT!

"The United States is hoping to bolster the safety of food and other products imported from China by opening a new Food and Drug Administration office in the Asian nation."

YEAH!

Um.... When the fudk did "The United States" (aka the tax payer) get into the habit of "bolstering products"?

What the hell is this "conservative" WH doing with our money?

The corporate global free trade and the reduction of laws and rules for products follow right in line with the reporighties mode of business.

Buyers beware!!!!!!!

Darn, I bet Harbor Freight is going to close it's doors.

All those cheap toys which account for 99% of imports are going to go bye bye.

Drop the corporate tax in the US and bring jobs back!!!!

Used to say, "Made in Japan" in the 70s. Now if it has four wheels and an engine and part of the Big 3 there is a good chance of saying, "Hecho en Mexico".

All the rest of the crap comes from China!

Bring jobs back to the US! Drop the corporate taxes!

It was getting so tireome to have to MAIL the bribes. This way, one truck a month filled with cash, so simple, so much cheaper than postage.

Bring jobs back to the US! Drop the corporate taxes!

LOL!!

What a real total ignorant dumbass!!!!

Corporate Taxes couldn't get much lower, they almost have none now.....around 3% but I guess you don't think they should help in the protection and running of our nation.

Idiots are born every minute.

The only way to get jobs away from China and back into the US is to annex the whole goddam country as our 51st state.

That should go over well.

The FDA is only looking to outsource it's work. That should be obvious.

Corporate Taxes couldn't get much lower, they almost have none now.....

I'd really like to learn more about corporate taxes. Every year in December, my company gives out bonuses, buys new equipment, and sends employees to training. I was under the impression that this was done to spend profits, in order to pay no corporate taxes at the end of the year.

Just about every place I've ever worked has gone on a spending binge in December. Am I mistaken that this is the result of minimizing the tax burden?

From Wikipedia....

In the United States, the federal corporate rate for income over 18.3 million is 35% ( it can be as low as 15% for income under 50K ). But since 1999, when Treasury announced the "check the box" system many corporations can elect to be treated as a pass-through entity, thereby skipping the entity level 35% tax and having all income pass through to the shareholders. This is the tax treatment that the much discussed "S" corporations receive but now many more types of state-law corporation may avoid double taxation by "checking the box". Dividends are also subject to a lower rate of income tax in the United States.

This federal corporate rate is the second highest rate among the world's most developed economies (those in the OECD -- the Organisation for Economic Co-operation and Development). Only Japan is higher. The median is 30.0%, with notably low rates for corporations headquartered in Bulgaria (10%), Ireland (12.5%), Hungary (16.0%), Iceland (18.0%), Slovakia and Poland (19.0%)

I do not know about the tax implications, but I have been a manager at a fourtune 100 company for over 10 years and at our place the reason for the spending bing at the end of the year is budget surpluses. You guard your budget through the year just incase something unexpected happens. At the end of the year it is spend it or loose it. So you spend it as often the next year's budget is based on last year's budget.

At the end of the year it is spend it or loose it. So you spend it as often the next year's budget is based on last year's budget.

Interesting. Normally we attribute that insane behavior to the govt.


Just about every place I've ever worked has gone on a spending binge in December. Am I mistaken that this is the result of minimizing the tax burden?

I would think so. Some other advantages are that by purchasing equipment and certain vehicles, the employer can take the entire deduction versus spreading it out over a depreciation schedule.

so to answer you question, yes.....it is the result of minimizing the tax burden.

IMO it is a good thing in a way as it sort of forces businesses to reinvest into the business versus taking funds out.