FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
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Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#2I apologize for the political content, but the article actually contains very little commentary on the election.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#3>We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate.
This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry.
>If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens.
He wants to be able to write off the purchase of planes as expenses? What? They already get to write off depreciation on planes, but you can't write off the whole plane because you can sell the damn thing after you buy it.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#4>We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate. This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry. >If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens. He wants to be able to write off the purchase of planes as expenses? What? They a…
yeah regulation in europe is insane. You fire someone in Europe you have to continue paying their full salary for a whole year or until they get a new job.
Here its wham bam thank you mam, don't forget your box and enjoy living on $1500 a month that you get from unemployment.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#5>We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate. This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry. >If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens. He wants to be able to write off the purchase of planes as expenses? What? They a…
Germany also has a 19% VAT
Companies don't pay VAT -- people do.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#6That's pretty much the case against Barack Obama: Trade (BIG BIG BIG win for McCain), Taxes (small win for McCain), Subsidies (big win for McCain), Healthcare (big win for McCain: got to address cost, not access), and Energy (slight win for McCain).
Barack on the other hand is better on avoiding World War III, Big Brother, and Theocracy.
It's a depressing choice.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#7I did consulting work for FedEx.
Instead of asking America to bail him out like we've bailed out banks, Fred might want to look at his company. I've never actually encountered a more inbred group of incompetents. They, like Microsoft, happened to become lottery winners....and like Microsoft, they will watch themselves slowly lose to more agile organizations. He (and McCain) are completely backwards looking.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#8I did consulting work for FedEx. Instead of asking America to bail him out like we've bailed out banks, Fred might want to look at his company. I've never actually encountered a more inbred group of incompetents. They, like Microsoft, happened to become lottery winners....and like Microsoft, they will watch themselves slowly lose to more agile organizations. He (and McCain) are completely backwards looking.
He's not asking the government to "bail him out". He's asking them to get out of his way.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#9>We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate. This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry. >If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens. He wants to be able to write off the purchase of planes as expenses? What? They a…
Germany also has a 19% VAT Companies don't pay VAT -- people do.
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Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#10>We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate. This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry. >If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens. He wants to be able to write off the purchase of planes as expenses? What? They a…
> He wants to be able to write off the purchase of planes as expenses? What? They already get to write off depreciation on planes,
Expenses are now, depreciation is later. And, if you get one, you don't get the other.
I don't know how all the numbers work out, but it could easily be that the tax code encourages borrowing by corporations for things subject to significant depreciation terms. (Interest paid is an expense.)
> but you can't write off the whole plane because you can sell the damn thing after you buy it.
You just record such a sale against expenses, that is, "net everything".
I do think that expenses should be tied to cash expenditures. So, if a company borrows to buy something, it should only be able to expense what it actually paid in any given year. Such treatment would make all expenditures "equal" in some sense.