Another American Company Gives In To Greed

Bushy AR

Just saw a report on the news that Stanley will move their corporate headquarters to Bermuda to avoid corporate taxes. This is one of the oldest companies in this country. Their tools,including the Mac tools I have bought in the past were mostly made in America. I am thinking of not buying any more of their products because I feel that if I have to pay my share why shouldn't they? What do you all think about this?

Big Sky Redneck

If there was ever a place for high taxes here it is. These companies that move out of country to save money need to have their product taxed into the next century so that the money they saved by moving is ate up in taxes. Call it a Discouragement Tax, discourage them from leaving. Then take all of the money collected in taxes to help the families of the displaced workers.

Bushy AR

7mm...according to a report I just read,the company says the workers will not be affected. The initial vote by the shareholders was flawed and another vote will be taken.I wonder what percentage of the shareholders still work there and how they voted.What is the next step? Move the manufacturing to Mexico to avoid paying American wages?

He Dog

Taxes in Britan and Northern Europe are much higher than here. I wonder how many "European" corporations are actualy "off shore."

Nighthawk

I dont guess Ill be buying any more of their screw drivers to tinker with my guns.

Rugster

He Dog

You want good Brownell's or Chapman's gunsmithing scewdrivers anyway!

Shootist3006

I'm going to disagree with the (apparent) majority opinion here. I believe it is the DUTY of every American to AVOID ANY TAX HE CAN , further, if management can increase shareholder's profits by such a move - it is morally obligated to do so!

Quod principi placuit legis habet vigorem.Semper Fidelis

reb8600

These companies pull these stunts to "save money" but it is never reflected in the price of the product. All they are trying to do is pay less money in labor, build a cheaper quality product and still charge the same price or more. If they dont want to build it here then they should be taxed more to bring their product into this country.

Guncontrol-The ability to hit what your aiming at.

badboybob

You're all missing the point. The most moral thing a business can do is make a profit. If labor costs or taxes are such that the business cannot profit here then the only solutions are to move or go bankrupt. The reason so many businesses are going to other countries is simply that. Business taxes are obscene in this country. When I was in business federal and state taxes of all kinds stole 58 cents of every dollar I made. I was working 80 hours a week and the damn give-a-mint was making all the money. Hell, every one of my employees was earning more per hour than I was.

PC=BS

mballai

There are so many American companies who send a lot of manufacturing and other services over the border. If you call the service department of many firms, you are likely to be speaking with someone in India. And many companies import cheap temporary workers from overseas as well and pay a fraction of what it would cost to hire an American.

This kind of thinking may yield short term savings, but it will destroy the fabric of what makes a company and a nation great. No one who doesn't have a long term stake in what they do is going to produce the sort of excellence that makes for lasting prosperity. You can't save for a future if you don't invest in the present.

Three Precious Metals: Gold, silver and lead

Big Sky Redneck

If all the companies follow that rule and leave to avoid taxes, then the American workforce better learn how to run a cash register because the only jobs that will be left here are retail.

In defense of the companies that are moving I can think of only one word that describes why they are going bankruot here and that word aint TAX. Can anybody tell me what that one word is?

Rembrandt

badboybob...X-ring! (as that esteemed Naval gentelman so often says)