17 Burst results for "Taxavoidance"

"taxavoidance" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:00 min | 3 years ago

"taxavoidance" Discussed on WNYC 93.9 FM

"That debt and as a result substantially reduce the likelihood that this will lead to a lot of increased investment our ad but rebecca art corporate profit it's already near record highs why would anyone think that more cash or being able to keep even more profit would mean more employment well the idea is that said this will lead corporations to build more plants and invest in more assets at one thing also to keep in mind here is that this is against the background of what other countries have done with their our statutory corporate rates ours remains pretty high and so what this does is it induces companies to engage in costly and inefficient and really abusive taxavoidance to bring down their effective tax rate meaning the rate that they actually pay so what this does is hopefully reduce those incentives and so in this manner perhaps companies can use their resources more wisely not just for tax planning whether it actually accomplishes that goal is another story rebecca i get the argument that lower taxes for corporations gives them more cash on hand more cash for investment nicon grow the economy that way but there's another statistic that's just staring us in the face corporate america is sitting on two trillion dollars in cash reserves right now and so that forces us to ask the question a why isn't that money being used for investment that leads to employment how much more widely to that kind of investment you know companies are trying to make investment decisions and they're trying to see at what is the most effective way to earn a good return for their shareholders and that is not necessarily mean more jobs and so i i think that's also a against the background of the fact that the economy is close to full employment so i having a tax cut in in this time of full employment out will arguably not really result in job rebecca kaiser visiting professor at fordham university school of law and professor at brooklyn law.

america professor brooklyn law rebecca kaiser visiting professor fordham university school of l two trillion dollars
"taxavoidance" Discussed on KKAT

KKAT

02:11 min | 4 years ago

"taxavoidance" Discussed on KKAT

"Of him george soros is a billionaire literally very wealthy man i don't i don't add no problem well fiber free market guy that's great find do your thing but he's a far far left guy who is responds allott of groups out there that mckay for bigger government what we would call sabally liberal speaker government higher taxes so there's a story out there about him this guy wants he spends his billions of dollars abdicating bigger government higher taxes on the rest of us he's moving eighteen billion dollars as some kind of a trust or some kind of a a fund there where or foundation i should say where he can escape tax liability is not a legal not suggesting it is but he's moving the eighteen billion into this foundation as a way of avoiding taxes and folks this is important you understand the difference okay taxavoidance is not illegal tax evasion is so he's avoiding taxes on this eighteen billion dollars to put in the foundation now i find this a little bit ironic shall because george soros is entire seeing is an is he's he's but we suggest with this idea that all of us should pay higher taxes because let's try to do for the liberals listen if try to follow go along and use logic and reason trying to pitch to the rest of us that pay higher taxes some republicans had right lives if i'm wrong correct me call eight seven seven three eight one three eight one one tweet whatever bagged me if i'm wrong your your premise is that paying higher taxes is a force for public good will generate public good it will generate positive now these for all of us this is a good thing uh that's your premise swiftsure owes is taking the say team billion uh and he's moving into foundation which is supposed to be some kind of a charity or nonprofit or whatever how does not refute his entire premise for be in other words if.

mckay tax evasion george soros free market eighteen billion dollars
"taxavoidance" Discussed on WJR 760

WJR 760

02:18 min | 4 years ago

"taxavoidance" Discussed on WJR 760

"I say there may be more attacks avoids none of the models of ours i know really captured taxavoidance i mean i favour your model that's when we used in the campaign but um cbo and ruin tax and other motivating for tax avoid dragged worried about that there are no not really i mean our model actually takes no account some profit shifting once the corporate rate comes down to twenty percent and we'd we assume i think uh that about at least two hundred billion dollars worth of profit shifting or money will come home because of the reduction in monies that are shifted ireland than what have you um but that yagudin eight obviously because the the the corporate rate written uh reduction is is delayed um but i think that the dnc was behind the bid expand and will outweigh any of the the profits shifting the might occur uh in that one year period well i think that uh uh of questions to the exactly what sort of economic activity we can consider here but the overall news is important here we're talking to rise to this is a good the fate we're having gear i must say that uh there are a lot of uh questions going back and forth in the senate and the congress did what we think it will for growth here uh but of all the competitions i've ever seen in dc you know most you'll get it wrong except uh the tax on dish in uh we've always been able to rely more on their numbers to come closer to reality than than what we we we've seen from you know she'd be hour jc t another forecasters on the effects of these policies a show with a quick synopsis of my columnist we i believe that we are going to get a tax cut and it will happen gina contrary in the whole world is saying no too many disagreements the conference will be contentious tuesday's election uh republican election defeats in virginia and a couple of a suburban counties here in new york blah blah blah blah blah i think that it's going to go through i i was if the senate breakfast they invite me the senate breakfast on tuesday was honored to be there we talk taxes for an hour leadership was their lot.

ireland dnc senate congress virginia new york two hundred billion dollars twenty percent one year
"taxavoidance" Discussed on KSFO-AM

KSFO-AM

01:31 min | 4 years ago

"taxavoidance" Discussed on KSFO-AM

"It's you can the example i gave you can earn a million gross in your small business and pay yourself a salary one hundred thousand and report income only on that hundred thousand now the odds are that if you're small businesses grossing a million dollars it's costing you a lot to produce that so you've got a lot of expenses you may have employees you have to pay in addition to yourself so that nine hundred thousand dollars that is not being paid do you it's being spent on business expenses employees and their health care i don't mean to describe this as it's a way to make out like a banded but john edwards at it and when people found out they were floored they were shocked at john edwards cutting corners and not paying the full medicare tax why that's for people who can't afford health care is he's a big democrat liberal concerned about six people he was trying to avoid it damn right it was like everybody he tries to avoid taxes if the smart thing to do taxavoidance is not tax cheating taxavoidance is not illegal tax avoidance assembly taking advantage of rules and laws and the pass through law the path whether they're trying to encourage more this by lowering the the the small business tax rate down to twenty five percent if you could pay 25 percent on your income instead a thirty nine point six when you do it if you find a legal way to do it and if you're salaried employees if you're a wager you can't do any this you're not an equity or not other small business owner but.

john edwards business owner nine hundred thousand dollars twenty five percent million dollars 25 percent
"taxavoidance" Discussed on Business Daily

Business Daily

01:57 min | 4 years ago

"taxavoidance" Discussed on Business Daily

"So it it i think there is a difference between the two but from from the point of view the man or woman in the street taxavoidance tax evasion the difference might be a legal one one is legal avoidance one is illegal evasion but from the madam wound point in the street it's all the same isn't it isn't that the problem i guess show for it to me to put myself in a position of not knowing but i guess it is it is true that jeff order man and woman on the streets is the same there is a fundamental problem which i think that all of us are either uh the man on the street or attacks expert at knowledge which is the stretch the system is fundamentally rich at this moment in time and joe we need to address a debt unbalanced that allows essentially some assumpico to pay taxes and others not pay taxes and i suppose that's what the oecd has been trying to do by trying to close the tax loopholes globally but i mean is it succeeding the fact that these offshore financial centres exists at their allow these neutral as they called tax regimes which essentially means zero corporate tax that is going to stay is as is it's not ever going to go away what and get his tough alleged will go away but i doubt it will go away should the current initiatives of the oecd so it is true that the oecd has at making a huge effort primarily since the financial crisis to move with this process of clutch a closing down loopholes the problem as as we were discussing earlier is essentially that they're incentives but remains so if you're closing a loophole essentially if set cat and mouse situation you're basically closing a loophole and then another one will appear and show your basic clinched just chasing up that potential loopholes so unless you remove the incentives for corporations to two locations to tax havens this game will continue.

tax evasion joe oecd corporate tax financial crisis
"taxavoidance" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:40 min | 4 years ago

"taxavoidance" Discussed on WNYC 93.9 FM

"That structure in the case so rich individuals when they don't pay taxes uh essentially you're just if the society as a whole this subsidizing their lifestyles so it it it's i think there is a difference between the two but from from the point of view the man a woman in the streets taxavoidance tax evasion the difference might be a legal one one is legal avoidance one is illegal evasion but from the man wound points in the street it's all the same isn't it isn't that the problem i guess or it can reach but myself in the position of not knowing but i guess it is it is true that too for the man and woman on the streets is the same there is a fundamental problem which i think that all of us either uh the man on the street or a tax expert at knowledge which is the search the system is fundamentally a rich at this moment in time and so we need to address that unbalanced that allows essentially some uh some goal to pay taxes another notch pay taxes and i suppose that's what the oecd has been trying to do by trying to close tax loopholes globally but i mean is it succeeding the fact that these offshore financial centres exists at their allow these neutral as that kohl tax regimes which essentially means zero corporate tax that is going to stay is as is it's not ever going to go away what i think it stop the alleged we'll go away but i doubt it will go away through the current eu initiatives of the oecd so it is true that the oecd has making a huge effort primarily since the financial crisis to move with this process of clutch closing down loopholes the problem is as we were discussing earlier.

tax evasion oecd corporate tax financial crisis eu
"taxavoidance" Discussed on BBC Radio 4

BBC Radio 4

01:33 min | 4 years ago

"taxavoidance" Discussed on BBC Radio 4

"That off the holiday ms bhutto oster officials to see if britain could use its aid budget to support humanitarian operations conducted by the israeli army the occupied golan heights the foreign office advised that since britain did not officially recognized israel's annexation of the golan might be hard for the department for international development to work the questions being raised about the willingness of british crown dependencies at overseas territories to facilitate taxavoidance uttered revealed that apple has been sheltering some of its profits in jersey the bbc's panorama programme has seen a huge leak of financial documents known as the paradise papers which include details of how apple seek could be canvassed jurisdictions connected to britain to find a tax haven following a crackdown on tax laws in the republic of ireland the technology giant insists that the tanks it pays has not been reduced andy verity reports in 2013 apple was severely criticised by us senators for keeping a huge pile of cash from international sales of its fines and tabbagh computers away from the us in irish subsidiaries that went tax resident in any country the european commission roe v arrangements amounted to illegal state aid and the irish government said it would close the loop hole the documents show a questionnaire was subsequently sends how courting tax havens and apple chose jersey as the tax residence for the company that held is two hundred and sixty one billion dollar cash pile apple says the jersey ownership structure didn't reduce its taxis the group representing hospitals and.

britain israeli army israel taxavoidance apple ireland us irish government ms bhutto andy verity sixty one billion dollar
"taxavoidance" Discussed on KBNP AM 1410

KBNP AM 1410

02:26 min | 4 years ago

"taxavoidance" Discussed on KBNP AM 1410

"Let's move it on then talk a bit more about this in detail for for further the up on this for the details get it said charity should aita joins us from hong kong jody fly what questions is wilbur ross facing our other officials in the us bed should a these documents yes there are there are some others the reports tie the high ranking officials in the administration including wilbur ross was the commerce secretary and white house economic advisor gary to holdings in offshore tax havens including the cayman islands and bermuda i it's just mentioned wilbur ross is facing questions about why he didn't disclose uh some of these connections here's alleged violate any la uh but it's unclear whether he violated federal guidelines for ethics disclosures by not revealing the connections at during the vetting process for becoming commerce secretary and in his uh senate confirmation hearings one senator richard blumenthal of connecticut has called on the commerce department's internal inspector general to investigate the matter out which of course concerns rossa's ownership stake in a shipping companies that did business with the russian firm cut drew a line between this and the tax overhaul holding talked about in washington still a tax fairness advocates are saying that the reports which of course the detail off short taxavoidance are allegations of that how did some issues that should be explored in a tax overhaul proposal and therefore the over right that rewrite of the tax code shouldn't be pushed through the trump administration and some congressional republicans are trying to push through an overhaul of the tax code really within the next month they're hoping for their first real legislative victory for this administration so these there's some talk about whether this should be they should go back and look at the whole legislation the whole package of legislation to deal with this these tax haven issues as well charity canadian prime minister justin trudeau was mentioned in the reports one of the details of that canadian tax authorities are reviewing reports linking a key fundraiser for prime minister kicked out to some offshore trust in the caribbean montrealbased business banned stephen bronfman who is the son of billionaire charles baf man let's among the individual cited by news organizations so we're seeing a lot of names popping up in in this ad trove.

washington charles baf caribbean senator richard blumenthal senate advisor hong kong stephen bronfman prime minister justin trudeau us rossa commerce department connecticut cayman islands gary white house commerce secretary wilbur ross
"taxavoidance" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 4 years ago

"taxavoidance" Discussed on Bloomberg Radio New York

"Tax overhaul they talked about in washington asked about tax fairness advocates are saying that the reports which of course the detail of short taxavoidance are allegations of that highlights some issues that should be explored in attacks tax overhaul proposal and therefore this the other right the rewrite of the tax code shouldn't be pushed through the trump administration and some congressional republicans are true trying to push through an overhaul of the tax code really within the next month they're hoping for their first real legislative victory for this administration so these there's some talk about whether this should be they should go back and look at the whole legislation the whole package of legislation to deal with this these tax haven issues as well a charity canadian prime minister justin trudeau was mentioned in the reports one of the details of that yet canadian tax authorities are reviewing reports linking a key fundraiser for prime minister kicked out to some offshore trust in the caribbean montrealbased businessman stephen broth men who is the son of billionaire charles brought man was among the individual cited by news organizations so we're seeing a lot of names popping up in in this trove of documents in terms of where this story goes next i kind of just give us a sense of of kind of potential ripple effects ants into into other areas blast sign we had a release of these kinds of papers that they were months of kind of forensic examinations of what we learned so we just in the foothills of the story do you think of this point yeah i think that's absolutely right that we are starting to see the name sent some of these connections uh some of these may be tenuous collections there may be reasons for them again in other cases there may not be any real violations of law that sometimes the optics of these things could be complicating and they could complicate things like an overhaul the tax code for instance we we had mentioned that that white house economic advisor gary cohn has some thais mentioned here well he's one of the people who has been tapped by the administration to really push the tax overhaul so what racists questions about again the opd accept this perhaps as my as the eye of the content of of some of.

washington justin trudeau prime minister gary cohn stephen broth advisor
"taxavoidance" Discussed on KSFO-AM

KSFO-AM

01:55 min | 4 years ago

"taxavoidance" Discussed on KSFO-AM

"Tax avoidance goes way down under these provisions a in general may not be perfect but laugher as modeling puts a lot of weight on reduced taxes voids he says basically a few lower the rates you don't you don't need the value of the so called deductions goes way down so therefore taxavoidance will go way down and therefore you're going to pick up even more growth in revenues from that can you model taxavoidance does the joint tax can mini model taxavoidance but if they do and pack had their estimating that though the lower corporate tax rate will eventually reduce the amount of tax avoidance by two hundred billion dollars over ten years and we're basically coming in about the same amount which means that lower corporate tax rate will actually generate two hundred billion in additional revenue because those profits her not being uh moved abroad uh through various gimmicks and and and uh uh accounting mechanism so that's pretty good i i think that that doesn't make that account for all the new investment the foreign direct investments would flow into the us because of the lower rate so yes we're we're group greatly underestimating the potential that these would lower corporate tax rates can drive the economy and i am well set and this is important because they're gonna have to meet certain markers although i i want them to break all the rules to get this through i don't care at any of that stuff i want nuclear options left and right epa and talking to to experts here and as i said folks duck halsey can once ran the cbo and scott is in the middle of this we'll see i got back i want to talk about some specific provisions in our lightning rod again folks two of the best of the best scott hives present the tax foundation jr called seek and president of american action forum and former cbo director on kudlow much more on taxes police that was.

taxavoidance halsey cbo scott president director kudlow down under corporate tax two hundred billion dollars ten years
"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

The Renegade Republican with Dan Bongino

01:38 min | 4 years ago

"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

"Now you may say well then at sound sensible why don't you why don't you liked that number one because i don't like the government get involved in just about anything other than the military and courses was under the government's frequent business when i want to pay the taxes if i want to pay the taxes now want to pay the taxes later on a paying the taxes stay out of my way let me make my own choices but i never agreed with that decision why folks the government could change the rules and the golden rule i always libai is never ever ever pay taxes now that you can legally pay later i'm not suggesting tax tax evasion that's a crime member taxavoidance is not a crime tax evasion is a crime and that recommending you don't pay your taxes do your thing don't get troubled walk obviously because i public servants announcement for the day over but as a golden rule in mice that eu finance never ever pay taxes now that you can pay later because there's no guarantee later on they won't change the rules you see where i'm going with this joe so let's say everybody's converted to a roth and pays the taxes upfront don't worry to lobby taxfree later and later on mccormick gets it to another dead crisis now you find yourself are no hook again for the taxes later to offer that never happened really government changes the rules all the time they've already inflated away the value of your all the social security distributions you put in over the years or or input you put had folks that never pay taxes now you could pay later it just doesn't make sense i'm sorry to me it does it you're dealing with.

tax evasion joe mccormick eu social security
"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

The Renegade Republican with Dan Bongino

01:38 min | 4 years ago

"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

"Now you may say well then at sound sensible why don't you why don't you liked that number one because i don't like the government get involved in just about anything other than the military and courses was under the government's frequent business when i want to pay the taxes if i want to pay the taxes now want to pay the taxes later on a paying the taxes stay out of my way let me make my own choices but i never agreed with that decision why folks the government could change the rules and the golden rule i always libai is never ever ever pay taxes now that you can legally pay later i'm not suggesting tax tax evasion that's a crime member taxavoidance is not a crime tax evasion is a crime and that recommending you don't pay your taxes do your thing don't get troubled walk obviously because i public servants announcement for the day over but as a golden rule in mice that eu finance never ever pay taxes now that you can pay later because there's no guarantee later on they won't change the rules you see where i'm going with this joe so let's say everybody's converted to a roth and pays the taxes upfront don't worry to lobby taxfree later and later on mccormick gets it to another dead crisis now you find yourself are no hook again for the taxes later to offer that never happened really government changes the rules all the time they've already inflated away the value of your all the social security distributions you put in over the years or or input you put had folks that never pay taxes now you could pay later it just doesn't make sense i'm sorry to me it does it you're dealing with.

tax evasion joe mccormick eu social security
"taxavoidance" Discussed on KSFO-AM

KSFO-AM

02:57 min | 4 years ago

"taxavoidance" Discussed on KSFO-AM

"Story that people don't understand is not by rich people if you wanna raise wages as i say they have hardly budged since two thousand you wanna raise wages the best way to do it is slash the corporate tax rate for large and small businesses that will caused a surge of investment that will make the american worker more productive and efficient and therefore earn higher wages people they'll get this i'm trying to be as simple as i can and if you i tweeted ask questions about her whatever disagree i'm just saying that's the key now not a point rolfast not only will the tax reductions give you a huge new higher incentive reward but it also makes all these deductions existing loopholes so forth less value so you'll see tax avoidance ah like go in ireland that's one case put your money in the bahamas that's another case you'll see taxavoidance attached shelter and go way down that will increase revenues to the treasury to help finance the tax cuts so i'm going to have as i say will come back in ramallah we've got former senator phil gramm to walk through this is reds and brilliant pieces in the wall street journal regarding uh you know what's the history behind the reagan an and kennedy tax cuts and why there's no reason that history cannot be repeated the doom and gloom crowd the senate will crowd the democrats who simply want tax the rich are missing the analysis completely by way that's why almost every ceo large and small companies whether democrats republicans favor the trump plant they see better investment returns that could be ploughed back into the business for improvement in productivity and higher wages they see it i don't know if they are democrats republicans to business community has bipartisan is the political community that is not so i wanna come back and met it on a finish this off by just lay this on the table i spent some time talking about this trump's the energizer body on the campaign trail but the analysis he introducing his absolutely dead right if you wide grow the american economy at three four or five percent instead of one or two percent and the differences is prosperity wealth optimism and happiness that's the difference between three to five and one to two and trump is saying we are going to return to prosperity and happiness of larry kudlow tweet me clary underscore kudlow be right back the.

ireland bahamas treasury ramallah phil gramm wall street journal reagan senate ceo larry kudlow corporate tax senator kennedy trump five percent two percent
"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

The Renegade Republican with Dan Bongino

01:47 min | 4 years ago

"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

"He brings up the idea of taxes and that the example i've always used on taxes is you can prove liberals are hypocrites because when you look at the amount of money raised by the government federal government in voluntary tax payments other words joe the taxes your legally obligated to pay and in people who pay more i think a record years around ten to fifteen million dollars based on some numbers i saw in additional payments joe think about that say thirty percent of the country's liberal you have three hundred million people in the country you're talking about millions of people who if they really believe that higher taxes are a good thing of a net societal good would voluntarily do it themselves pay that i but they don't only a fraction of people pay anything extra through the government is a matter of fact even liberals and run for office john kerry charles rangel hillary clinton in wrangles case separate but i'm not alleging criminality on the clinton or carries part but they avoid member taxavoidance is not a crime tax evasion is but john kerry and hillary clinton having employed accounts to avoid paying higher taxes not only they not giving more they're giving less than they should they're doing the exact opposite to lab brings up a great point because rest roberts said to him at one point he goes well you know to be fair the criticism from the left is going to be this joe they would say well i would happily give more is a liberal in taxes if everybody else was forced to do with two draws and but tell i've had a brilliant response that folks forgive me for you regular listeners to the show that i have never thought to bring up before.

joe tax evasion john kerry hillary clinton roberts john kerry charles rangel hill wrangles fifteen million dollars thirty percent
"taxavoidance" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:06 min | 4 years ago

"taxavoidance" Discussed on Let's Talk Bitcoin!

"Announcing for the product case effectively asking troll all the money itself i mean netflix shows a total lack of understanding of blood trade based as it sounds like they have no idea what the talking about i think that's generally correct one of the arguments we made and you know i don't know if you're aware of this but the irs has been packed previously and obviously if hackers new at the irs had private keys for millions of choline base users the irs would be a prime target for that and the irs has not indicated that it has any ability to protect itself from future hack similar to the one that it was already a victim it sounds like this is a complete jug today to be honest well i can offer comment as to whether it's a complete joke but i i will say this is an unprecedented use of the john doe summons procedure the purpose as outlined by the us congress of the john though summons procedure is where the irs has identified specific taxavoidance and it just can identify the potential taxpayers who've engaged in that illicit conduct and perhaps the most typical use of the john doe some procedure is when the irs determines at a law firm or a company is promoting illegal tax shelter when the irs learns that they don't know who the law firms clients are with the company's clients are but they know for a fact that there are taxpayers who are using illegal tax shelters so the only way that they can identify the users of these illegal tax shelters are to issue this type of john doe summons to the law firm or the company and asked them to identify their clients in contrast there's nothing inherently illegal about someone who buys and sells virtual currency that's why i find this summons so offensive and why i think that this is a clear example of massive government overreaching now this effectively equates the use of cryptocurrency two text.

netflix irs us law firms john doe congress
"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

The Renegade Republican with Dan Bongino

01:44 min | 4 years ago

"taxavoidance" Discussed on The Renegade Republican with Dan Bongino

"Matteroffact liberals making even worse why do your ideological leaders people you represent to advance your worldview correct joe that's what we do will politicians what we do why do your ideological leaders hayek higher accountants to not only not pay more which is what you say you want to do but to actually pay less why does john kerry park is boat in rhode island to avoid massachusetts taxes y e as kayla said liberals just want to pay more why does hillary clinton have an accountant that works out a real estate arrangement and by the way no button i'm joe i'm not suggesting that doing anything illegal right break at all abetter affect affect god john kerry and hillary clinton do everything they can to pay less taxes because the governor would just waste the money really yeah but that although that may make them economically and financially smart bit makes them hypocrites ideologically just like kayla why does hillary clinton engage in these real estate operations to shelter income why why is why does al sharpton have an issue with his taxes why does charlie rangel have an issue with his taxes these are all devout liberals who claim to want to pay more and to what everybody else to pay more but they don't but they don't pay bore matteroffact there some of them are in trouble for paying less remember folks is critical tax evasion is a crime taxavoidance isn't i can't say this enough night taxavoidance is a national pastime avoiding taxes tax evasion may beating not paying taxes you legally obligated by is a crime but avoiding taxes by sheltering your money in legal avenues joe to do so is not a crime.

joe rhode island kayla hillary clinton accountant john kerry al sharpton tax evasion hayek john kerry park real estate charlie rangel
"taxavoidance" Discussed on KKAT

KKAT

02:23 min | 4 years ago

"taxavoidance" Discussed on KKAT

"Here and gave him groupie bookkeeping it's a prelunch crushes to it a cut it said that if you care to can't do twenty do 25 certainly no excuse lots of right taxavoidance is a big issue there but at what point does it become here seventy knows troubled me that the trump campaign basically endorse kevin brady's plan um last summer an individual tax rates now trump is always wanted to fifteen percent i think brady was twenty four a c corpse 25 for escorts but individual rates acted at the last goal round desire recall was ten twenty five and thirty five ten then they dropped brackets you know he had seven brackets a knock dads three and this real the ten percent 25 percent 35 percent now i don't think that's awesome ohio he's wondered why that was the big deal plan but so greater that look you're right one rate is ideal once you give up one rate there's no particular reason to perth three to five it isn't any simpler believe me triple tax can't kill different a hong kong which is one of my probably my favorite tax system has a four rate system oh my gosh how much difficulty that is the lowest rate is too in the top rate of seventeen i could live with that yes that's a tax system by the way it brings in a lot of money and so also does they're very low corporate tax rate why because the economy growth and when the economy gross revenue gross hong kong as a very generous what kind of welfare state are able to do that because they the private accounting economy growth just as fast as the government government grow faster the great well when speaker when speaker paul ryan who's a friend of ours yours at my insists on revenue neutrality uh so you have to have called taste fours or ending certain deductions in order to offset the tax rate reduction why isn't it factoring in the gross increase that you are suggesting where rows of hong kong right place else for that matter growth the of growth and reduced avoidance thirty two things now even those who do the growth economic attack foundation of government do much would would be left to steve taxable income edit buffet magically when the tax rates.

tax rates ohio paul ryan hong kong kevin brady corporate tax fifteen percent ten percent 25 percent 35 percent