posted on Aug, 30 2014 @ 08:59 AM
originally posted by: butcherguy
This merger made me wonder.
If the big corporations are raping us all and not paying their fair share in the US, why is it attractive for them to move their corporate
headquarters outside of the US?
The correct answer is that the corporate tax rates are lower in other countries.
So are you Canucks facilitating the corporate rape of US citizens?
That is true...but there's more than just tax rates. There's a loophole in the new Obama healthcare that allows foreign corps not to be required to
give health insurance to employees. The employees would have to deal directly with healthcare insurances.
Healthcare insurance got cheaper and it's because the new law forces every American that is working to buy their own insurance. If you don't you
will pay a penalty by the IRS. That penalty will go towards the government giving healthcare assistance.
This puts pressure on every American to buy health insurance even you don't want to use it or never want to go to a hospital. The system is
socialized so you're paying for other's healthcare and your own. The healthcare insurance companies will make record profits if most don't end up
going to a hospital. They will make such record profits.
If you're broke then you legally don't need to buy health insurance.
So, in the U.S is you're a domestic company then you're required by law to offer insurance packages. The end user can shop around and if they find a
better deal they can buy their own insurance or go with the companies plan.
However, by law the company is required to provide such insurance if they have more than 10 employees in the U.S.
However, Foreign corps makes it optional. You can offer insurance packages if you want. However, if you legally don't reside your headquarters inside
the U.S you legally are not required to provide health insurance when you have more than 10 employees in the U.S.
This was created in an effort to encourage companies outside the U.S to come here and make investments. Start businesses or bring their business here.
It's to try and stimulate the economy to increase jobs. Yet, even if these people got the jobs the healthcare expense will fall on their hands and
not the company.