06-28-2013, 08:30 AM | #76 |
Plan B Is Now In Force
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:The argument has become circular, so that's the red herring that's being tossed in.
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06-28-2013, 11:59 AM | #77 | |
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Read Pot-Bouille, Au Bonheur des Dames, and Nana, all three from Zola, and if you are still falling asleep, have yourself checked for trypanosomiasis. We have had glorious writers in the 19th and the 20th Century, and the 21st has started quite well. But I agree, two years of Literature cannot make you an expert. |
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06-28-2013, 12:09 PM | #78 |
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There was an excellent BBC TV adaptation of "Au Bonheur des Dames" on last year, using the title "The Paradise". Thoroughly enjoyable.
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06-28-2013, 12:27 PM | #79 | |
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06-28-2013, 01:59 PM | #80 |
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06-28-2013, 02:09 PM | #81 | |
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I've seen this mentioned before, but it is usually in wording like "maximize profit". Can a public company, as long as the shareholders agree, have a goal other than monetary gain? For example, couldn't a company say "we want to be an environmentally friendly company", so they may sacrifice profits to achieve that goal? Thanks, and sorry for side tracking the thread. |
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06-28-2013, 02:56 PM | #82 | |
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06-28-2013, 05:11 PM | #83 | |||||
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Companies frequently take a deliberate decision to hold themselves to a higher standard than required by law, even though that means they incur more cost. Not doing business with certain suppliers, not taking advantage of child labour even in countries where it is legal, imposing lower hourly working limits than required, and so on. If enough stink is raised about the legal tax avoidance that these companies are employing, they will decide that the loss of goodwill is great enough for them to start to wind back some of the most egregious examples. This has already happened with Starbucks, who employ a similar scheme of artificially reducing taxable profits by means of intercompany IP charges. http://www.bbc.co.uk/news/business-20624857 Quote:
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HMRC should be cracking down on this, there are already requirements in place that such intercompany transactions be reasonable, but they are not being aggressively enforced. The result is that large multi-nationals can shop around to get the government regulation they wish. Quote:
From the Public Accounts Committee report: Quote:
Last edited by murraypaul; 06-28-2013 at 05:26 PM. |
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06-28-2013, 07:24 PM | #84 |
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06-28-2013, 08:26 PM | #85 | |
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06-28-2013, 09:16 PM | #86 |
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Frankly if the law doesn't work fairly then it's time to get on to our legislators and get them to change things... this is happening in the UK. Personally I believe that money earned in any country should be subject to the tax regime of that country. Warping the way a company handles this procedure, so that profits can be moved out to a subsidiary in a lower tax regime, should be stopped... we should at least have a level playing field on taxation for large and small businesses which these transfer arrangements block...
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06-28-2013, 10:08 PM | #87 | |
Plan B Is Now In Force
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One may not agree with the corporate tax laws as they stand, or why they exist as they do. But railing against corporations that operate under those laws when they are doing so legally is like spitting in the wind - it serves no purpose. Working to get the laws themselves changed, though, is what is needed. Starbucks isn't really a good example of a "responsible company" because it is a niche market, dependent upon people who can afford their prices and who like pretty designs on their coffee, and with their limited menu more subject to the vagaries of economy. To compete with local merchants and fast food places who offer more services and choices, they need to distinguish themselves and create the impression that they are somehow "better". Getting called on their tax version of 3-card monte and subsequently "correcting" that behavior, serves that purpose. |
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06-28-2013, 10:24 PM | #88 | ||
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As an individual, if I treated those around me as poorly as legally allowed, I wouldn't be much of a person. As for government laying out and enforcing all the rules for moral behavior amoug individuals, this would be utterly impractical. Isn't the same true for corporations? Re mention in this thread of responsibility to shareholders, see: Down with Shareholder Value Quote:
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06-28-2013, 11:11 PM | #89 | |
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http://ec.europa.eu/taxation_customs...t_rates_en.pdf |
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06-28-2013, 11:45 PM | #90 | |
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