WTO confirms Boeing subsidies illegal (and vice versa)

[freegeeks]

both sides claiming victory is kind of silly but this dispels the myth that only Airbus is receiving subsidies

http://www.bbc.co.uk/news/business-17345903

 

[nonlnear]

Only idiots ever believed that only Airbus received subsidies.

 

[freegeeks]

Only idiots ever believed that only Airbus received subsidies.

well, there must be lots of idiots here judging by past threads :biggrin:

 

[nonlnear]

well, there must be lots of idiots here judging by past threads :biggrin:

Probably a fair conclusion.

 

[Texashiker]

The US needs to do 2 things:

Remove itself from the WTO

Stop corporate welfare

 

[EagleKeeper]

Much depends on what is considered to be subsidies.

If Boeing has contracts with other Fed government agencies; are those considered to be subsidies? Corporate Welfare?

 

[Texashiker]

Much depends on what is considered to be subsidies.

If Boeing has contracts with other Fed government agencies; are those considered to be subsidies? Corporate Welfare?

How about business expenses, can those be wrote off the taxes?

Is being able to write expenses off of taxes considered a subsidy?

 

[Genx87]

How about business expenses, can those be wrote off the taxes?

Is being able to write expenses off of taxes considered a subsidy?

Why would you considering business related costs written off a "subsidy"?

 

[Texashiker]

Why would you considering business related costs written off a "subsidy"?

Doing slow lowers the tax burden, thus allowing the company to keep more of its money.

Tax breaks are a form of government subsidy, its just a round-about subsidy. Instead of a direct subsidy, tax breaks are a hidden, or behind the scenes type of subsidy.

Lets say company A in china and company B in the US are both taxed at 20%.

Company A has no write offs.

Company B writes off 1 billion in expenses. So company B gets to keep 1 billion that would have went to the government.

 

[Genx87]

Doing slow lowers the tax burden, thus allowing the company to keep more of its money.

Tax breaks are a form of government subsidy, its just a round-about subsidy. Instead of a direct subsidy, tax breaks are a hidden, or behind the scenes type of subsidy.

So in your book anything besides paying the top rate is a subsidy?

 

[Texashiker]

So in your book anything besides paying the top rate is a subsidy?

Being able to write off certain business expenses is a form of government subsidy.

The government uses tax breaks to promote growth in certain sectors.

 

[Genx87]

Being able to write off certain business expenses is a form of government subsidy.

The government uses tax breaks to promote growth in certain sectors.

What certain business expenses are you referring to that you disagree with?

 

[Texashiker]

What certain business expenses are you referring to that you disagree with?

When a company makes millions or even billions in profits, I disagree with anything that would help lower their tax burden.

Why should the tax payers subsidize Boeing when they rake in millions, maybe billions in profits? Why should Boeing be able to write off a single business expense?

 

[Genx87]

When a company makes millions or even billions in profits, I disagree with anything that would help lower their tax burden.

Why should the tax payers subsidize Boeing when they rake in millions, maybe billions in profits? Why should Boeing be able to write off a single business expense?

You have a perverse idea of subsidy and a silly black and white approach to this issue.

As to why? How much less reinvesting into the company do you think they could do after having to pay 35% incomes taxes? Is that money better spent by the company or a poltician in DC?

That is why I said it appears in your book anything less than the highest rate is a subsidy. Do you take deductions and credits on your personal income taxes? If so, why? In your book you are now asking others to subsidize your lifestyle.

 

[Texashiker]

You have a perverse idea of subsidy and a silly black and white approach to this issue.

Why are my opinions "silly"? You do not agree that corporate tax deductions are not subsidizes?

And it is black and white. There is no need in turning something so simple into a complex issue.

That is why I said it appears in your book anything less than the highest rate is a subsidy. Do you take deductions and credits on your personal income taxes? If so, why? In your book you are now asking others to subsidize your lifestyle.

Yes, I take as many deductions as a I can.

Yes, I view my tax deductions as a form of government subsidy.

 

[Genx87]

Why are my opinions "silly"? You do not agree that corporate tax deductions are not subsidizes?

And it is black and white. There is no need in turning something so simple into a complex issue.

I dont consider a tax deduction or business expenses a subsidy. It isnt black and white at all. You are advocating dropping all business related expenses. Business reinvestment would plummet if they had to be done after taxes. Business reinvestment includes hiring new employees, building new factories\plants\office buildings, purchasing office equipment ect.

Yes, I take as many deductions as a I can.

Yes, I view my tax deductions as a form of government subsidy.

So you dont practice what you preach. I am shocked.

 

[Texashiker]

I dont consider a tax deduction or business expenses a subsidy. It isnt black and white at all. You are advocating dropping all business related expenses. Business reinvestment would plummet if they had to be done after taxes. Business reinvestment includes hiring new employees, building new factories\plants\office buildings, purchasing office equipment ect.

Blah, blah, and more blah.

I figure you are a business owner, and the thought of having to pay your fair share of taxes scares the hell out of you.

What did companies do before tax breaks? They made due with what they have, just like everyone else.

So you dont practice what you preach. I am shocked.

Between child support, health insurance, income tax, social security, medicare/medcaid,,, about 50% of my paycheck is gone before I ever see it. If I can do something to lower my tax burden, then I will do so.

Why should I be allowed to write stuff off, and not boeing? Probably because I do not rake in millions or billions in profits every year.

 

[BoberFett]

When a company makes millions or even billions in profits, I disagree with anything that would help lower their tax burden.

Why should the tax payers subsidize Boeing when they rake in millions, maybe billions in profits? Why should Boeing be able to write off a single business expense?

You're definitely vying for least intelligent poster in P&N.

Making profits means no business expense can be written off? Does that include anything in the COGS? Raw materials are certainly a business expense. Facilities, wages, utilities, all business expenses.

Do you believe taxes should be on revenue rather than profit?

 

[EagleKeeper]

Why are my opinions "silly"? You do not agree that corporate tax deductions are not subsidizes?

And it is black and white. There is no need in turning something so simple into a complex issue.




Yes, I take as many deductions as a I can.

Yes, I view my tax deductions as a form of government subsidy.

Why is it considered OK for you to get the subsidy but not Boeing?

As a percentage of income; yours is much bigger.

 

[Genx87]

Blah, blah, and more blah.

I figure you are a business owner, and the thought of having to pay your fair share of taxes scares the hell out of you.

What did companies do before tax breaks? They made due with what they have, just like everyone else.

I am not a business owner. But if I was so what? Fair share is code for wanting somebody else to pay more while I sit on my ass.

What did they do? Tell us.

Between child support, health insurance, income tax, social security, medicare/medcaid,,, about 50% of my paycheck is gone before I ever see it. If I can do something to lower my tax burden, then I will do so.

Why should I be allowed to write stuff off, and not boeing? Probably because I do not rake in millions or billions in profits every year.

Are you looking for sympathy here? Every working person has similar issues. The difference is many of us arent saying deductions are subsidy's and thus bad while trying to get as many as possible.

What does it matter how much you make? You are getting a subsidy in your book.

 

[Texashiker]

You're definitely vying for least intelligent poster in P&N.

Because I look at things differently, you wish to throw insults around?

Why is it considered OK for you to get the subsidy but not Boeing?

As a percentage of income; yours is much bigger.

Why is it ok for companies like boeing to offload their tax burden to someone else?

 

[Anarchist420]

Much depends on what is considered to be subsidies.

If Boeing has contracts with other Fed government agencies; are those considered to be subsidies? Corporate Welfare?

Contracts at tax payer expense are subsidies, tax deductions are not.

 

[ElFenix]

i like how there are several claims in there that are unsubstantiated by the article, such as the EU trade rep claiming subsidies are happening to this day, when the finding only went to 2006. or that the subsidies were massive, though the EU's subsidies of airbus are an order of magnitude larger (supermassive?).

how did NASA allow boeing to launch the 787?

 

[BoberFett]

Because I look at things differently, you wish to throw insults around?

Then why do you dodge my question? Do you want corporations to be taxed on revenue rather than profit? All of those things I listed are business expenses, which you say should not be deductible.

 

[Texashiker]

Then why do you dodge my question? Do you want corporations to be taxed on revenue rather than profit? All of those things I listed are business expenses, which you say should not be deductible.

Moderator posted an image saying this thread has been derailed.

So I am going to bow out.