Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Hillary Clinton Calls Johnson Controls-Tyco Deal ‘Outrageous,’ Will Block Inversions With An ‘Exit T

    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12

    Hillary Clinton Calls Johnson Controls-Tyco Deal ‘Outrageous,’ Will Block Inversions With An ‘Exit T Empty Hillary Clinton Calls Johnson Controls-Tyco Deal ‘Outrageous,’ Will Block Inversions With An ‘Exit T

    Post by Lobo Mon 25 Jan 2016, 7:31 pm

    Hillary Clinton Calls Johnson Controls-Tyco Deal ‘Outrageous,’ Will Block Inversions With An ‘Exit Tax’

    By Reuters On 01/25/16 AT 5:26 PM


    Hillary Clinton called the planned inversion by Johnson Controls and Ireland-based Tyco "outrageous," and said as president she would block such moves using an "exit tax." Earlier, Johnson Controls and Tyco announced plans to merge, creating a company with revenue of about $32 billion.

    "These efforts to shirk U.S. tax obligations leave American taxpayers holding the bag while corporations juice more revenues and profits," Clinton said in a statement. "I have a detailed and targeted plan to immediately put a stop to inversions and invest in the U.S., block deals like Johnson Controls and Tyco, and place an 'exit tax' on corporations that leave the country to lower their tax bill."

    Johnson Controls announced on Monday a plan to buy Tyco for $16.5 billion, which the companies said will save $500 million in taxes in the first three years and an additional $150 million a year through tax synergies.

    The new company, to be called Johnson Controls Plc, will be headed by Johnson Controls Chief Executive Alex Molinaroli and will continue to trade on the New York Stock Exchange.


    Johnson Controls has been preparing to spin off its automotive seating and interiors business and said on Monday the spinoff was on track for early first quarter of 2017.

    Shares of Johnson Controls have lost more than a quarter of their value since the start of 2015, while Tyco's shares have fallen by over 30 percent.
    http://www.ibtimes.com/hillary-clinton-calls-johnson-controls-tyco-deal-outrageous-will-block-inversions-2279495

      Current date/time is Thu 12 Dec 2024, 9:36 pm