Lookee see the corporate entity with the management contract. This from the contract:
"ASSET MANAGEMENT AGREEMENT (the “Agreement”), dated as of _____________, 2014, is entered into by and among NORTHSTAR REALTY FINANCE CORP., a Maryland corporation (“NRF”), and NSAM J-NRF Ltd, a Jersey limited company with registered number and whose registered office address is at 47 Esplanade, St Helier, Jersey, JE1 0BD, Channel Islands (“Asset Manager”). Each capitalized term used in this Agreement shall have the meaning ascribed to such term in Schedule A."
Isn't it a shame we have a tax system which drives capital and jobs offshore to earn as much as legally possible exempt from the clutches of the U.S.? Isn't it better to collect 15% of a huge number instead of 35% of a much smaller number, or nothing? Capital investment means jobs and the U.S. needs jobs. So how about a tax system which incents investment in the U.S.? or even neutral?. NO, our stupid politicians stand on a system which drives capital and jobs offshore, then they wonder out loud about why unemployment and underemployment is so high. DUH!!!
a country needs to provide governance, security and take care of it's people. If corporations can't be bothered to provide money for the services that the government provides, we need to rethink some fundamental things.
Working class people pay 15% in Social Security, Medicare, Unemployment taxes. On top of that they pay federal and state taxes.
Why should corporations pay taxes at all? If they paid no taxes, think of the advantage they would have on the world stage..... and the jobs created.... and by the way all that money the corporations make, well the govt can tax it when the money flows to the owners (shareholders) or workers....
It is not good to tax the life out of every living entity...!
If one of your "fundamental" changes is to have the government dictate where businesses can locate their headquarters and operations, you are talking about fascism. Let's not hide your true goals here.