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Title: Trump Celebrates Using Delaware as a Tax Haven, Blasts Companies for Using Tax Havens
Source:
What Donald Trump Lied About Yesterday
URL Source: https://whatdonaldtrumpliedaboutyes ... ompanies-for-using-tax-havens/
Published: Apr 25, 2016
Author: Justin
Post Date: 2016-05-14 00:48:14 by Deckard
Keywords: None
Views: 8996
Comments: 11
Donald Trump has been stumping the Delaware ahead of the upcoming primary. Delaware is notorious for having extremely lax corporate tax laws, making it America’s top onshore tax haven. Donald Trump knows this, and bragged about how many companies he had registered there:
Do we love Delaware, do we love it? When I left the office I asked for a couple of things. I said ‘Number one, I spend a fortune in Delaware, nobody knows that, right? It’s a great place. So I said to my people I had no idea, I said you know we do a lot of business in Delaware.
That’s good, ’cause that means taxes and everything. So I said how many entities do we have registered in Delaware? Like companies and this and…So I figured they’d maybe say two or three, right? 378. I said ‘What?’ So we have 378 entities registered in the state of Delaware, meaning I pay you a lot of money, folks! I don’t feel at all guilty, okay?
Spoken in Trump’s normal frantic, garbled cadence, it’s a little unclear what he has to not feel guilty about. Is it the fact that he just bragged about taking advantage of the tax loopholes that cost the US billions of dollars per year? The Institute on Taxation and Policy had this to say:
“A loophole in Delaware’s tax code is responsible for the loss of billions of dollars in revenue in other U.S. states, and its lack of incorporation transparency makes it a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes.
The Internal Revenue Service estimated a total tax gap of about $450 billion with $376 billion of it due to filers under-reporting income in 2006 (the most recent tax year for which this data is available).[i] While it is impossible to know how much underreported income is hidden in Delaware shell companies, the First State’s ability to attract the formation of anonymous companies suggests that it could rival the amount of income hidden in more well-known offshore tax havens.”
Trump’s egomaniacal hypocrisy continues as he rails against other companies hiding their profits overseas. “We have companies that have trillions of dollars, cumulatively, outside of our country,” Trump said at the 1:47:00 mark of the above video, alluding to offshore tax havens. “The Republicans and the Democrats agree, they want the money brought in. And yet the government can’t make a deal, because we don’t have a leader in Obama.”
So Trump boasts about how many companies that he has filed in Delaware, where the only reason to do so is a lax corporate tax loophole and opaque shareholder laws, costing the American people billions. Then, in the same speech he threatens companies that use tax havens that don’t happen it be in the US. What’s the difference, Mr. Trump? It’s all money that rightfully belongs to the US government that you and other companies are keeping for themselves.
Sources:
Video: https://www.youtube.com/watch?v=51qasW8X4Fk
http://www.newsweek.com/panama-papers-secret-state-delaware-445436
http://www.washingtontimes.com/news/2016/apr/23/donald-trump-loves-onshore-tax-haven-delaware/
http://www.salon.com/2016/02/22/how_delaware_became_an_american_haven_for_grand_corruption/
http://itep.org/itep_reports/2015/12/delaware-an-onshore-tax-haven.php#.Vxz4UEerpPY
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#1. To: Deckard, *Hypocrisy and Hypocrites* (#0)
Do we love Delaware, do we love it? When I left the office I asked for a couple of things. I said ‘Number one, I spend a fortune in Delaware, nobody knows that, right? It’s a great place. So I said to my people I had no idea, I said you know we do a lot of business in Delaware.That’s good, ’cause that means taxes and everything. So I said how many entities do we have registered in Delaware? Like companies and this and…So I figured they’d maybe say two or three, right? 378. I said ‘What?’ So we have 378 entities registered in the state of Delaware, meaning I pay you a lot of money, folks! I don’t feel at all guilty, okay?
There is Trump ADMITTING that he not only doesn't run his own businesses,but he doesn't even know what is going on with them because HE MAKES NONE OF THE DECISIONS.
Is there any doubt this is what he means when he says he will "hire the best people to run America" if he is elected?
Isn't the fact that America is already being ran by a bunch of un-elected unknown bureaucrats responsible to no one but the insiders that hired them one of the things conservatives have been complaining about for decades?
BOYCOTT PAYPAL AND CLOSE YOUR PP ACCOUNTS NOW! ENCOURAGE OTHERS TO DO SO,TOO!
ISLAM MEANS SUBMISSION!
Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
American Indians had open borders. Look at how well that worked out for them.
#2. To: Deckard (#0)
"Delaware’s corporate tax rate is actually above average and being incorporated in Delaware does not mean that a business pays all its taxes to Delaware."
#3. To: Deckard (#0)
Waiting for you to post a similar article about your candidate CROOKED HILLARY.
GO TRUMP 2016
#4. To: calcon (#3)
Waiting for you to post a similar article about your candidate CROOKED HILLARY.
Oh - I get it.
Just because I do not in any way support Trump, in your addled mind that means that I support Hillary.
You are using a common disinformation tactic known as a False Dichotomy
A false dichotomy is typically used in an argument to force your opponent into an extreme position -- by making the assumption that there are only two positions.
Examples:
- "If you don't support Trump, then you must support Hillary." - A third alternative is not voting for either of them.
- Or another tack that you simpletons like to take is this : "If you vote third-party, you support Clinton." - Once again limiting the debate to two choices
- If you point out the fact that both candidates are dishonest and corrupt and that neither candidate has earned a vote, "you support Hillary."
Once again, for the terminally learning impaired....I do NOT support either Trump OR Clinton.
***
I just don't know how to make it any simpler for you to grasp.
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig Roberts#5. To: Justin@whatdonaldtrumpliedaboutyesterday.com, Deckard (#0)
It’s all money that rightfully belongs to the US government
Nope. No money "rightfully" belongs to the government. That would imply that the government has the right to all of the monetary assets. It does not.
The government *does* create the denominated bills that it prints, but only because it is supposed to be backing it with gold that was purchased from "We the People", and other sources. Theft occurs each time the GrubberMint prints more of these dollars, cheapening the value of the People's purchase each time.
The GrubberMint is not a wealth creator. It creates nothing since its innate purpose is to serve, not create.
It is funny that this is coming from a website dedicated to forming biased opinions on a presidential candidate. Nothing wrong with doing that, but these sites are often devoid of facts or not in a position to fully research the subjects.
#6. To: Deckard (#4)
I support Hillary.
I know.
#7. To: TheFireBert (#5)
The cucks are outraged that different states dare to have different tax systems. They want national centralized government and Trump threatens their dream.
#8. To: Deckard, Ellen Degenerate, Donald Trump (#0)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul#9. To: Roscoe (#7)
The cucks are outraged that different states dare to have different tax systems. They want national centralized government and Trump threatens their dream.
Both sides of the Republican and Democratic National party want the same thing, and dazzle us with bullshite in different ways to make us think that they want different things.
I am not pulling for Trump in general, but it sure does beat the alternatives.
I do worry that he may still be the strawman for the party's objectives, but who else can we reasonably believe is a better alternative? The fact that everyone else in the political world hates him ought to be enough reason to pay attention to him.
#10. To: hondo68 (#8)
Is this supposed to make Trump look bad? Is dreaming of Green Acres a bad thing these days? At least he looks alive!
This looks like a stab at successful dreaming.... See this post:
Can you say why America is the greatest country in the world? @ LF
Can you say the same for the other viable candidates?
#11. To: Roscoe (#6)
I support Hillary.I know.
Yeah sure - That must be why I posted this :
Selected not Elected — Rothschilds Hold $100,000 a Plate Dinner Fundraiser for Guess Who
Fuckwad.
You don't seem to grasp the concept that someone can find both Hillary and St. Donald reprehensible.
Clinton and Trump both use the same tax haven to hide their assets.
Trump boasts about how many companies that he has filed in Delaware, where the only reason to do so is a lax corporate tax loophole and opaque shareholder laws, costing the American people billions. Then, in the same speech he threatens companies that use tax havens that don’t happen it be in the US. What’s the difference, Mr. Trump?
Apparently the Donald's hypocrisy is a big selling point for you and the other members of his cult.
Oh - in case you still don't get it, Hillary sucks too.
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig RobertsTop • Page Up • Full Thread • Page Down • Bottom/Latest
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