In my International Development Scheme, I propose that the profits of this industrial development should go first to pay the interest and principal of foreign capital invested in it; second to give high wages to labor; and third to improve or extend the machinery of production.
A huge part of Apple profits generated in Europe, in African countries, Middle East, and India were all booked in Ireland. And I think it is a very basic principle in taxation that your profits are taxed where the profits are generated.
I want to see more companies do profit-sharing. If you help create the profits, you should be able to share in them, not just the executives at the top.
The best way to invest corporate profits is to give them to the employees.
Business is global. Countries need to react to that; taxes need to be paid where profit arises.
In all the unsettled parts, boundaries of counties and cities of the county towns ought to be ascertained before-hand and purchases made of 600 or 1000 acres to be laid out in lots and outlots, and the profits applied to academies. The county to be declared by proclamation entitled to a separate representation as soon as the ratio of one member shall be complete, and to a separate judicature as soon as a Court house and jail proper for the purpose shall be finished. This plan would prevent much intrigue and partiality, and would throw the profits into a better channel than they are now in. At present county towns are only means of gain without merit to the owners of the land, who may impose what terms they please on the purchasers.
This is one of the first examples in America of city planning.
I made my money in Iscar. I spend my money on the industrial parks.
People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.
Back when Detroit was the head of auto manufacturing, it was clear where profits were created. Right? A car was made in Detroit. There was little argument that you could make that some of the money from that should be sent overseas to Ireland.
I've always been a leader in the push for revenue sharing.
Where we're living we have a certain amount of our profit every year it's like a percentage 5 or 7% or something like that that we set aside specifically for charity things.
Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.
Just as Jimmy Stewart and Tyrone Power get 50 percent of the profits, so do I.
Firms would be given initial entitlements to gross markup on the basis of past performance, adjusted by changes in labor and capital inputs. This is somewhat similar to the definition of normal profits under some versions of the wartime excess -profits tax. Entitlements would be transferable and a competitive market established.