Points And Figures

Do not fear mistakes, you will know failure, continue to reach out.-Ben Franklin

Energy: The longer-term view suggests lower prices

yahoofinance:

Louise Yamada is getting bearish crude prices…

louiseyamada:

In our Outlook 2014 we asked “whether technically, Oil may have entered another wide extended trading range (a future C? consolidation), not unlike “B”. Therefore, prices may prove more erratic than trending, and thus more…

whitneymcn:

Damien Jurado - Silver Timothy

Drifting into Thursday.

reblog of the week.  sporty tune

Thanks @chamberswines. Serving with beef bourginion
chicagobusiness:

Need to schedule a meeting over coffee? Three European-style cafes to check out. 
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chicagobusiness:

Need to schedule a meeting over coffee? Three European-style cafes to check out. 

Craving more? Get The Thread to your inbox every Wednesday night. 

FDA Driving Illinois Raw Milk Regulations

This is a classic example where government is getting in the way of artisan, and entrepreneurial startup businesses.  Agriculture is one area of business where poor people have a chance to compete and make a decent living.  If you are in Illinois, call or write your legislator and stop it.  If you aren’t please share it.  

Equities, economic indicators & indices: new YCharts Dashboard boasts endless customizations

If you are using Bloomberg, turn it off and try Ycharts.com

1871

great video.  

“No. 11 on the list, the National WWII Museum in New Orleans, was founded by historian and author Stephen Ambrose.”

—   

http://www.cnn.com/2014/09/16/travel/best-museums-tripadvisor/index.html?hpt=hp_c3

I am very happy that the National World War Two Museum is the 11th best museum in the world as rated by TripAdvisor.com (and 4th best in the US).  Happy to be a part of their Board of Trustees.  They have a tremendous staff that works at the museum that is passionate about teaching the lessons of WW2 to all generations.  

If you haven’t been to New Orleans, plan a visit.  Great food, great music, fun architecture and the museum.  

Here’s how it works: Say my Illinois-based company makes $1 million profit in Country X, where the tax rate is 10 percent. We are liable for 10 percent taxes in Country X, leaving us with $900,000 to spend. One option is to bring that $900,000 back here and hire five U.S. salesmen.

If we do that, however, we will be hit with a “repatriation tax” equal to the difference between U.S. taxes (35 percent) and Country X taxes (10 percent), or $250,000 — leaving us with $650,000. We could use that $650,000 to hire five U.S. sales people. Or we could use the $900,000 to hire six sales people in Country X (assuming equal labor costs) and have $120,000 left to invest in plant and equipment overseas. Our company gets more employment and more investment if that profit stays overseas.

If our company inverts to Ireland, for instance, the $1 million generated in Country X still is subject to a Country X tax of 10 percent. The big difference is I can take the profit earned in Country X, repatriate it to the Irish-based parent company and reinvest it in another overseas jurisdiction or even the U.S. without paying any repatriation tax. So with an Irish-based parent company, we have much a lower effective tax cost on reinvested earnings generated abroad and hence much greater flexibility on where best to deploy capital.

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http://www.chicagobusiness.com/article/20140917/OPINION/140919905#

Friend of mine wrote this for Crain’s.  He is right.  Another friend of mine is one of the leading CPA/Atty’s that takes companies off shore.  He would agree.  US corporate tax policy is the villain, not the companies.