45th President of the United States, Donald Trump. Vol 3

[Byker28i]

So Yipper, how do you see the new tax rules helping the us income with the taxes on overseas profits?

Apple has grown 4% but then have said the new tax rules will cost them a $38Billion payment that will affect this years revenue. IBM have reported the same as they get a onetime hit.

Is it still a good time to invest or is the bubble about to burst? I'm wondering what you financial insight says about this?

[Byker28i]

p1stonhead said:

Look what he also needs to take the credit for...

To be fair he's cut back on immigration. He's doing his best to make the US unattractive to foreigners but thats also had a knock on with tourism as figures have fallen significantly, when the rest of the world is rising.

Washington Post are also 'thanking' him for 3m more now uninsured
http://thehill.com/homenews/media/369504-washingto...

Edited by Byker28i on Thursday 18th January 14:49

[Byker28i]

Byker28i said:

Byker28i said:

Haitians will no longer be eligible for U.S. visas given to low-skilled workers, the Trump administration said on Wednesday, bringing an end to a small-scale effort to employ Haitians in the United States after a catastrophic 2010 earthquake.

This is after Trump questioned why the United States would want to take in immigrants from Haiti and African nations, referring to them as “sthole” countries.
https://www.reuters.com/article/us-usa-immigration...

Sixty-five Haitians entered the United States for agricultural work, in the 2016 fiscal year, according to DHS data

Really strange Trump doesn't like Haitians, he sold a Trump Tower apartment to the brutal and corrupt former Haitian leader Jean-Claude “Baby Doc” Duvalier.
https://www.snopes.com/trump-sold-an-apartment-hai...

But then there's a history of selling condos in all cash deals from shell companies
https://www.buzzfeed.com/thomasfrank/secret-money-...

Trump condo sales that match Treasury’s characteristics of possible money laundering totaled $1.5 billion, BuzzFeed News calculated. They accounted for 21% of the 6,400 Trump condos sold in the US. Those figures include condos that Trump developed as well as condos that others developed in his name under licensing deals that pay Trump a fee or a percentage of sales.

Fusion GPS testimony said that "we found widespread evidence that Mr. Trump and his organization had worked with a wide array of dubious Russians in arrangements that often raised questions about money laundering".

[London424]

I think some of you need to take a step back and chill out...you're becoming seriously unhinged.

[Byker28i]

It's all about the money trail

[anonymous-user]

London424 said:

I think some of you need to take a step back and chill out...you're becoming seriously unhinged.

Which particular allegations are you suggesting people take a step back from?

[ferrisbueller]

Byker28i said:

ferrisbueller said:

Blackpuddin said:

John Soper on Radio 4 just did a fascinating piece on how CNN and other US media are playing into Trump's hands by behaving as the enemy.......

As I said yesterday, it's entirely obvious. Some posters would do well to spend half an hour of their day reading the Art of War. The Trump machine's tactics are basic and transparent but they've sucked everyone in.

I've read that although some years ago. Which parts do you think relate specifically?
Certainly I could believe Bannon capable of plotting strategy, but not others, certainly not Trump.

I mean there's certain TZU strategys I can see Putin using "the best thing of all is to take the enemy's country whole and intact"

Edited by Byker28i on Thursday 18th January 12:10

I've referred to several aspects in recent posts, others apply, too. As you've read it, you can see how.

[Byker28i]

ferrisbueller said:

Byker28i said:

ferrisbueller said:

Blackpuddin said:

John Soper on Radio 4 just did a fascinating piece on how CNN and other US media are playing into Trump's hands by behaving as the enemy.......

As I said yesterday, it's entirely obvious. Some posters would do well to spend half an hour of their day reading the Art of War. The Trump machine's tactics are basic and transparent but they've sucked everyone in.

I've read that although some years ago. Which parts do you think relate specifically?
Certainly I could believe Bannon capable of plotting strategy, but not others, certainly not Trump.

I mean there's certain TZU strategys I can see Putin using "the best thing of all is to take the enemy's country whole and intact"

Edited by Byker28i on Thursday 18th January 12:10

I've referred to several aspects in recent posts, others apply, too. As you've read it, you can see how.

Sorry thats a bit of a cop out.

Let try this. Who do you think is responsible for the strategy? Bannon certainly had a seed change in the campaigning, picked the right areas for trump to focus on, identifying the issues and keeping him mostly on track. Who would you say then is the strategist now?

From all reports it's a bit of a bun fight. An example is the 'sthole' meeting where apparently several people were shouting at the same time.

[London424]

Lord Marylebone said:

London424 said:

I think some of you need to take a step back and chill out...you're becoming seriously unhinged.

Which particular allegations are you suggesting people take a step back from?

None of them at all...more the hundreds and hundreds of posts on the topic. It can't be that healthy to be that obsessed.

[Eric Mc]

"Concerned" is the word I would use.

[Byker28i]

London424 said:

Lord Marylebone said:

London424 said:

I think some of you need to take a step back and chill out...you're becoming seriously unhinged.

Which particular allegations are you suggesting people take a step back from?

None of them at all...more the hundreds and hundreds of posts on the topic. It can't be that healthy to be that obsessed.

There's so much coming out to discuss.
I mean just this week we've had sthouse, his medical, the payoff to a porn star, then the denial and the details, then further information about the money laundering allegations, the russian diplomats payments, Bannon and Lewandowskis non testimony whilst speaking to the whitehouse council.

It's only Thursday!

[ferrisbueller]

Byker28i said:

ferrisbueller said:

Byker28i said:

ferrisbueller said:

Blackpuddin said:

John Soper on Radio 4 just did a fascinating piece on how CNN and other US media are playing into Trump's hands by behaving as the enemy.......

As I said yesterday, it's entirely obvious. Some posters would do well to spend half an hour of their day reading the Art of War. The Trump machine's tactics are basic and transparent but they've sucked everyone in.

I've read that although some years ago. Which parts do you think relate specifically?
Certainly I could believe Bannon capable of plotting strategy, but not others, certainly not Trump.

I mean there's certain TZU strategys I can see Putin using "the best thing of all is to take the enemy's country whole and intact"

Edited by Byker28i on Thursday 18th January 12:10

I've referred to several aspects in recent posts, others apply, too. As you've read it, you can see how.

Sorry thats a bit of a cop out.

Let try this. Who do you think is responsible for the strategy? Bannon certainly had a seed change in the campaigning, picked the right areas for trump to focus on, identifying the issues and keeping him mostly on track. Who would you say then is the strategist now?

From all reports it's a bit of a bun fight. An example is the 'sthole' meeting where apparently several people were shouting at the same time.

How is that a cop out? I think what I have posted about various aspects is clear.

"Let (sic) try this".....Condescending, much?

I have neither the time, need or desire to spend all my day trawling the internet for snippets to regurgitate here. You're fortunate you have an employer who is happy for you to conduct your one man mission to bring about Trump's downfall. I'm sure you're on the radar of people who actually make a difference, or not. Otherwise you're just sitting in the darkness ranting.....

Given Bannon was apparently the strategist at the outset, I'm not aware of an individual charged with that responsibility and I don't have any insight into what is going on in the White House but it appears to be a fkshow at times.

Do his voters care?

[Byker28i]

ferrisbueller said:

How is that a cop out? I think what I have posted about various aspects is clear.

Sorry, thought this was a discussion, was trying to get one going rather than the usual ping pong. As you brought up Sun Tzu and strategy...
For what it's worth, I thought the campaign strategy was clever, targetted and worked. I'm not sure they had too much direction after the election.

As I've said previously, if he'd just got on with being President and implemented the policies he promised during the campaign, this thread would be about 10 pages long.

Edited by Byker28i on Thursday 18th January 16:30

[anonymous-user]

Byker28i said:

So Yipper, how do you see the new tax rules helping the us income with the taxes on overseas profits?

Apple has grown 4% but then have said the new tax rules will cost them a $38Billion payment that will affect this years revenue. IBM have reported the same as they get a onetime hit.

Is it still a good time to invest or is the bubble about to burst? I'm wondering what you financial insight says about this?

The new tax rules allow Apple to bring back onshore the money they have been stashing in offshore accounts in Ireland and Jersey. The new rules allow them to bring the money onshore at an 8% tax rate then pay that tax down over an 8 year period. So what Apple are doing now is bringing approx $200 billion back into the USA and using that to pay their tax liability in the USA, but in staged payments over 8 years.

That is allowing them to invest that money that was offshore into new projects. This is going to hammer countries like Luxembourg and Ireland that have been holding the cash at lower tax rates than the old USA rates.

At the moment Apple are in dispute with the EU over not paying the correct rate of tax due to Ireland breaking the rules, the irish have been ordered to charge Apple $13 billion, but Ireland has yet to start drawing those payments. The discussion currently is whether to push on with the dispute or just pay the EU the money, as it now makes little difference to the amount of tax they pay because that $13 Billion will be dropped off their $38 Billion USA tax bill. I'd suspect the USA authorities will push Apple to continue the dispute with the EU so they get that $13 Billion.

The game has changed with regards to corporate USA tax rates since the tax bill passed in December, its going to have a major impact on some EU countries.

On the wider question regarding how the USA stock market is doing, what we are seeing for the first time in a long time, is growth in global markets world wide, this is on the back of 10 years of underperforming after the 2008 crisis. I don't see any reason why this wont continue unless something major happens like a large scale war or the politics in Europe destroys the Euro. China just reported unexpected growth when it was projected the growth rate would fall, which is going to drive things up more still.

[Byker28i]

ferrisbueller said:

I have neither the time, need or desire to spend all my day trawling the internet for snippets to regurgitate here. You're fortunate you have an employer...

Automated feeds that ping items of interest, than apply analytics to score them. I don't have to go trawling Same technology the russian bot farms use

[Byker28i]

jsf said:

The new tax rules allow Apple to bring back onshore the money they have been stashing in offshore accounts in Ireland and Jersey. The new rules allow them to bring the money onshore at an 8% tax rate then pay that tax down over an 8 year period. So what Apple are doing now is bringing approx $200 billion back into the USA and using that to pay their tax liability in the USA, but in staged payments over 8 years.

That is allowing them to invest that money that was offshore into new projects. This is going to hammer countries like Luxembourg and Ireland that have been holding the cash at lower tax rates than the old USA rates.

At the moment Apple are in dispute with the EU over not paying the correct rate of tax due to Ireland breaking the rules, the irish have been ordered to charge Apple $13 billion, but Ireland has yet to start drawing those payments. The discussion currently is whether to push on with the dispute or just pay the EU the money, as it now makes little difference to the amount of tax they pay because that $13 Billion will be dropped off their $38 Billion USA tax bill. I'd suspect the USA authorities will push Apple to continue the dispute with the EU so they get that $13 Billion.

The game has changed with regards to corporate USA tax rates since the tax bill passed in December, its going to have a major impact on some EU countries.

On the wider question regarding how the USA stock market is doing, what we are seeing for the first time in a long time, is growth in global markets world wide, this is on the back of 10 years of underperforming after the 2008 crisis. I don't see any reason why this wont continue unless something major happens like a large scale war or the politics in Europe destroys the Euro. China just reported unexpected growth when it was projected the growth rate would fall, which is going to drive things up more still.

Thanks
Thought the payment was 15.5% on cash, 8% on other assets. Could be a nice earner as apple allegedly have $246bn in low tax countries.
Whats the incentive for them to repatriate the money. I know they said huge levys but they can touch it if its in another country?

The irish started collecting payment from Apple in December
https://www.theguardian.com/technology/2017/dec/05...

[scenario8]

Byker28i said:

Automated feeds that ping items of interest, than apply analytics to score them. I don't have to go trawling Same technology the russian bot farms use

Yipper has a name, you know?

[ferrisbueller]

Byker28i said:

ferrisbueller said:

I have neither the time, need or desire to spend all my day trawling the internet for snippets to regurgitate here. You're fortunate you have an employer...

Automated feeds that ping items of interest, than apply analytics to score them. I don't have to go trawling Same technology the russian bot farms use

The irony is not lost.

[GCH]

scenario8 said:

Byker28i said:

Automated feeds that ping items of interest, than apply analytics to score them. I don't have to go trawling Same technology the russian bot farms use

Yipper has a name, you know?

beetlejuice, beetlejuice, bee....

[anonymous-user]

Byker28i said:

Thanks
Thought the payment was 15.5% on cash, 8% on other assets. Could be a nice earner as apple allegedly have $246bn in low tax countries.
Whats the incentive for them to repatriate the money. I know they said huge levys but they can touch it if its in another country?

The irish started collecting payment from Apple in December
https://www.theguardian.com/technology/2017/dec/05...

The money from Apple is going into an Escro account and cant be touched by Ireland or the EU whilst the court case is ongoing.

https://www.bloomberg.com/news/articles/2018-01-18...

Part of the change in USA tax rules scrap the ability of USA corporations from deferring their USA tax liability until the money is onshored. So even if they wanted to, they cant keep the money offshore and not pay USA tax on it. The incentive to keep that money abroad has gone because of that, coupled with the lower USA rates and 8 year write down rules there is no point trying to sidestep the rules.

You are correct on the two rates