Peter Schiff goes undercover at the DNC convention in Charlotte, NC, posing as an Obama supporter…or socialist.
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kaiSeptember 7, 2012
This is coming from the guy who thrives on the weak economy and american dollar.
As financial people we do understand that if there are no profits there is no corporate tax on the corporation(Not fully non taxable obviously but just a general jist that we’re not talking about NIAT). Also note there are many possibilities if there are not profits for corporation meaning they’ll have to use those profits on expenses or r&d or what may hide it into bonuses for upper management or be forced to pay a div out to shareholders. Why not?
I don’t agree corporations should not have profits, but there can be some good aspects of not having it.
This is coming from the guy who thrives on the weak economy and american dollar.
As financial people we do understand that if there are no profits there is no corporate tax on the corporation(Not fully non taxable obviously but just a general jist that we’re not talking about NIAT). Also note there are many possibilities if there are not profits for corporation meaning they’ll have to use those profits on expenses or r&d or what may hide it into bonuses for upper management or be forced to pay a div out to shareholders. Why not?
I don’t agree corporations should not have profits, but there can be some good aspects of not having it.