Skip to main content

View Diary: New Democratic bill would raise the minimum wage to $10.10 (84 comments)

Comment Preferences

  •  Foreign employees are not eligible for US (0+ / 0-)

    unemployment benefits, but the business is required to pay local taxes.  Foreign tax credits exist because of the strange US policy of trying to tax business activities of US companies in other countries -- something that successful exporting nations do not do.

    Under US tax policy if two identical businesses had operations in the same countries around the world, if one of the companies were based in the US - it would pay more total taxes than a non-US company.

    There are no tax breaks for shipping jobs overseas - unless you call leaving the US because it taxes in very foolish ways that are counter-productive - a tax break.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Tue Mar 05, 2013 at 04:45:43 PM PST

    [ Parent ]

    •  I think you are reading the term (0+ / 0-)

      "tax breaks for shipping jobs overseas" too literally. No, of course we don't give money for the actual act of outsourcing; the tax breaks are as I noted above--it's the absence of paying US taxes for your labor that is the break.

      "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

      by bryduck on Thu Mar 07, 2013 at 08:55:06 AM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site