l****z
发帖数: 29846 | 1 In a huge rejection of the United States’s corporate income tax rate – the
highest in the world – America’s second-largest drug company, Pfizer, Inc
., just proposed a merger with Britain’s AstraZeneca that would move the
company away from New York’s combined 42.1% corporate rate and into the
United Kingdom’s 20% rate.
Pfizer has been based in New York City since its founding in 1849.
Pfizer’s plan is what economists refer to as a “reverse merger.” Pfizer
would buy AstraZeneca for $98.6 billion and reincorporate in the UK, with
shares listed on the New York Stock Exchange. Pfizer said the tax structure
would protect AstraZeneca’s revenues from the 39.1% average corporate tax
across the US. Pfizer would benefit from its international business being
taxed at the current British corporate tax of 21% this year, scheduled to
fall to 20% next year.
Ian Read, Pfizer’s Scottish-born Chief Executive, said that the proposed
deal would let Pfizer eliminate “redundant functions” and overlapping
operations. “Redundant functions” is business-speak for dumping staff at
the New York corporate headquarters. The company already sold its 685 Third
Avenue New York City office building in 2010 for $190 million. Currently, 4,
400 employees are consolidated at the company’s world headquarters at 235
East 42nd Street, near Grand Central Terminal.
A spokesman for U.K. Prime Minister David Cameron seemed delighted at the
creation of the world’s largest pharmaceutical company in Britain: “The
fact Britain has an open trade-based economy which is open both to
investment but also British firms investing overseas, that is a strength to
the UK.” | n****g
发帖数: 14743 | 2 好。
the
Inc
structure
【在 l****z 的大作中提到】
: In a huge rejection of the United States’s corporate income tax rate – the
: highest in the world – America’s second-largest drug company, Pfizer, Inc
: ., just proposed a merger with Britain’s AstraZeneca that would move the
: company away from New York’s combined 42.1% corporate rate and into the
: United Kingdom’s 20% rate.
: Pfizer has been based in New York City since its founding in 1849.
: Pfizer’s plan is what economists refer to as a “reverse merger.” Pfizer
: would buy AstraZeneca for $98.6 billion and reincorporate in the UK, with
: shares listed on the New York Stock Exchange. Pfizer said the tax structure
: would protect AstraZeneca’s revenues from the 39.1% average corporate tax
| w*****2
发帖数: 1458 | 3 In an international standardized test a couple of years ago US high school
students ranked no. 26 in reading, science and math, behind Poland and
Estonia. Seeing the ignorance of many in our In In an international
standardized test a couple of years ago US high school students ranked no.
26 in reading, science and math, behind Poland and Estonia. Seeing the
ignorance of many in our American society it doesn't surprise me. Won't be
long before China becomes no.1 economically, projections are in about 15-20
yrs., probably sooner. The US is sinking thanks to our educational system
and a lack of emphasis on science, math and engineering. How many of the
jobless in our country have degrees in one of those fields? China graduates
several times as many as the USA in those fields each year, where do you
think that will lead to in 15-20 years? I'm not saying everyone should be an
engineer or scientist but that's where many of the unfilled jobs are and in
other tech areas that don't require a college degree.
People blame the President and Congress for the unemployment situation and
are ignorant of the real issues behind it. Actually it's globalization and
technical innovations that have changed the global labor market in a big way
. Outsourcing is now at the individual level with firms like oDesk making
200K+ skilled foreigners (esp. India and the Philippines) available to any
company or small business anywhere to do many white collar work using the
Internet for a fraction of the cost to hire someone to do the same job here
in the US. Nearly a billion people in countries like China, India, Brazil,
SE Asian countries have moved from abject poverty to some middle class level
in the last 20-30 yrs. How do you think that has affected employment in
this country? Those that blame unions, the president or congress are
uninformed, they are only a small part of the issue. The global labor market
has shifted in a way to the detriment of employment in most developed
countries...this from my readings of numerous non-partisan economic articles
. The on-going Eurozone crisis also plays a big part in the economic (and
job market) uncertainties, but what is any US president and/or Congress to
do?
A generation ago manufacturers GM, GE, Ford, US Steel and others were the
big employers paying big wages, now it's Walmart, UPS, Kelly's and others
providing retailing and service jobs paying on average about $20 less per
hour (adjusted for inflation) than those manufacturers of 30 yrs ago.
Notice that nearly everything these days is made in some foreign country,
esp. China? Now the Chinese are moving rapidly into high tech manufacturing
like special glasses and materials, very sophisticated electronics, solar
panels (there goes Solyndra) and telecom and network gear like routers and
servers.
If you think what I say is 'hot air' make a trip to China and check out
Shanghai, Guangzhou, Chongqing, Beijing. It will blow your mind, I've been
there twice in the last 12 years, unbelievable growth. In Shenzen, Foxconn,
a Taiwanese company has 230,000+ workers on their campus, includes dorms. My
iPad was made there and shipped with custom etching in 3 days. And there
are thousands of other manufacturers there in Shenzen.
Recently I bought a nice well made new button-down shirt for $4, not on sale
. It was made in Lesotho, I was bowled over, 4 bucks! Lesotho, for you
geography #$%$, is in southern Africa. Get a clue folks.
But there's more, in 1999 Nissan's British car factory in Sunderland built
271,357 cars with 4,594 people. In 2011 the same factory built 480,485
vehicles with just 5,462 workers. That's a 77% increase in no. of cars with
a 19% increase in workers. Tech innovations like robotics, sophisticated
logistic and inventory systems driven by computers, new methods and
techniques, etc. are the reason. This info from the April 21-27 2012 issue
of The Economist in their special report on manufacturing and innovation,
page 4. Similar factories in various industries are popping up in the US.
And I haven't even gotten to the impact additive manufacturing (3-D printing
) will have in the future. | d*****u
发帖数: 17243 | | h*******u
发帖数: 15326 | 5 美国要被左逼搞死
the
Inc
structure
【在 l****z 的大作中提到】
: In a huge rejection of the United States’s corporate income tax rate – the
: highest in the world – America’s second-largest drug company, Pfizer, Inc
: ., just proposed a merger with Britain’s AstraZeneca that would move the
: company away from New York’s combined 42.1% corporate rate and into the
: United Kingdom’s 20% rate.
: Pfizer has been based in New York City since its founding in 1849.
: Pfizer’s plan is what economists refer to as a “reverse merger.” Pfizer
: would buy AstraZeneca for $98.6 billion and reincorporate in the UK, with
: shares listed on the New York Stock Exchange. Pfizer said the tax structure
: would protect AstraZeneca’s revenues from the 39.1% average corporate tax
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