Lakers vs Nets games in China might get canceled (update: leaning towards letting Nets/Lakers play)
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maomao
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PostPosted: Fri Oct 11, 2019 12:21 pm    Post subject:

seccom wrote:
maomao wrote:
seccom wrote:
Runway8 wrote:
Do people who get into heated discussions even know the HK history? Do the kids burning up their own place of living and businesses in HK even know how they were lent out to Britain in the first place? I didn't know. I had to do some research, and this is my summary. If there are historians who can shed even more pertinent info, It will be appreciated.

Basically China tried to stop Britain from flooding their country with opium. Essentially Britain, the drug dealers, got pissed that China didn't want it anymore, got pissed that China confiscated and destroyed their smuggled supplies and declared war. China lost and had to lease HK to Britain for 99 yrs as part of a peace treaty to repay the destroyed opium. HK citizens were colonized, discriminated against, and did not enjoy the same rights as British citizens who did business in HK. And the truth of the matter is that HK only experienced more autonomy under the handover. Britain essentially said, "Well if we can't govern her anymore, you can't either. So lets make sure they elect their own government." What's happening in HK right now is almost like a case of Stockholm syndrome on a country scale.

China may feel that they were bullied in the first place, just like they were bullied when Japan occupied them. I can see why they are never going to let HK go.



HK Protesters did not ask for independence. It is CCP that forced the "independence" labels on them.

They are protested for Universal Suffrage and against Police brutality.

The HK protesters are not stupid. They have 0 guns. However anyone declare independence without any arm force?

We all know what happen in 1989-6-4. If HK goes for independence, that will be the end result. Most protesters, I believe, understand the tank problem.

However, it is the People Daily that called the HK protest: "color revolution". Then the CPP 50 cent army repeated the same propaganda.

Do the protesters overall want independence? Maybe. But they are NOT stupid enough to say it and give CCP an excuse to send the PLA.

It is the CCP troll, like Nets' owner, that push HK history and independence into the discussion.

Hong Kong is part of China, but under 1 country, 2 systems.

In me, the ideal end-game for HK is become a political entity like a US state government.

HK situation, imo, is very similar to US state right issue. Each state can have its own law code, elect its own governor and its own representative.

Independence, to me, absolutely out of question. The protesters know it and the CCP government know it.

CCP propaganda is very good. So there is no discussion in here about real issue, HK Universal Suffrage and HK Police brutality.


Here is the major difference. Hong Kong does not pay a dime to the central government. The CCP doesn't want anything from Hong Kong as long as they don't support separation (the CCP is under pressure from the Chinese people, territorial integrity is the most important thing for Chinese people due to historical reasons. )

Universal Sufrfage (okay as long as it follows the basic law in a incremental basis)
Police brutality (deal with it, there are brutality on both side as it should be)


Let me re-stated my earlier message, the NBA issue is a question of Free Speech right of an US citizen. It really have nothing to do with HK history and even the protest itself.


let me know if Sterling had the same right.
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TooMuchMajicBuss
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PostPosted: Fri Oct 11, 2019 12:22 pm    Post subject:

maomao wrote:
TooMuchMajicBuss wrote:
maomao wrote:
lakersken80 wrote:
So cal1piggy is invested into the Communist system, he and his friends are middle aged or older and are fine with making money over everything. Meanwhile, the younger generations economic prospects are worst than ever, thats why they are protesting. It is a point of view he could never understand because he will never see it. Its like when a baby boomer tells a millennial they just have to work harder even though the economic environment that they grew up in is vastly different than the reality the newer generation is experiencing. This is why he feels little to no empathy for them, the hell with these people.


well good point, but I rather trust the baby boomers/greatest generation rather than some spoiled millennial.

All I know is, the older went through tougher times and had greater success, while the younger ones has the internet and nothing else.
And a cultural revolution. Oh, but that's made up. Just like published balance of trade figures that go back for decades, and for that matter, the private letters, early congressional arguments, and early laws passed by our nation's founders. According to you.



I don't know where you're trying to go with this. Feel free to counter my points about the trade deficit as there are many things that are not factored into the import/export calculation.
You stated that the trade deficit became an issue under trump, when in fact it's been widely publicised for decades and anyone who wants to can learn how it is derived. People were worried about the trade deficit back in the 80s even. Exports are what has driven China's standard of living and nacsent middle class, but the contention that it is at the cost of American manufacturing jobs is nothing new. It's not just some made up Trump thing. As for your contention that the people who founded our country were about money not dignity, you offer a cherry picked article and ignore a whole lot of evidence to the contrary. And what's your point in all this china centric bull (bleep) anyhow?
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seccom
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PostPosted: Fri Oct 11, 2019 12:25 pm    Post subject:

maomao wrote:
seccom wrote:
maomao wrote:
seccom wrote:
Runway8 wrote:
Do people who get into heated discussions even know the HK history? Do the kids burning up their own place of living and businesses in HK even know how they were lent out to Britain in the first place? I didn't know. I had to do some research, and this is my summary. If there are historians who can shed even more pertinent info, It will be appreciated.

Basically China tried to stop Britain from flooding their country with opium. Essentially Britain, the drug dealers, got pissed that China didn't want it anymore, got pissed that China confiscated and destroyed their smuggled supplies and declared war. China lost and had to lease HK to Britain for 99 yrs as part of a peace treaty to repay the destroyed opium. HK citizens were colonized, discriminated against, and did not enjoy the same rights as British citizens who did business in HK. And the truth of the matter is that HK only experienced more autonomy under the handover. Britain essentially said, "Well if we can't govern her anymore, you can't either. So lets make sure they elect their own government." What's happening in HK right now is almost like a case of Stockholm syndrome on a country scale.

China may feel that they were bullied in the first place, just like they were bullied when Japan occupied them. I can see why they are never going to let HK go.



HK Protesters did not ask for independence. It is CCP that forced the "independence" labels on them.

They are protested for Universal Suffrage and against Police brutality.

The HK protesters are not stupid. They have 0 guns. However anyone declare independence without any arm force?

We all know what happen in 1989-6-4. If HK goes for independence, that will be the end result. Most protesters, I believe, understand the tank problem.

However, it is the People Daily that called the HK protest: "color revolution". Then the CPP 50 cent army repeated the same propaganda.

Do the protesters overall want independence? Maybe. But they are NOT stupid enough to say it and give CCP an excuse to send the PLA.

It is the CCP troll, like Nets' owner, that push HK history and independence into the discussion.

Hong Kong is part of China, but under 1 country, 2 systems.

In me, the ideal end-game for HK is become a political entity like a US state government.

HK situation, imo, is very similar to US state right issue. Each state can have its own law code, elect its own governor and its own representative.

Independence, to me, absolutely out of question. The protesters know it and the CCP government know it.

CCP propaganda is very good. So there is no discussion in here about real issue, HK Universal Suffrage and HK Police brutality.


Here is the major difference. Hong Kong does not pay a dime to the central government. The CCP doesn't want anything from Hong Kong as long as they don't support separation (the CCP is under pressure from the Chinese people, territorial integrity is the most important thing for Chinese people due to historical reasons. )

Universal Sufrfage (okay as long as it follows the basic law in a incremental basis)
Police brutality (deal with it, there are brutality on both side as it should be)


Let me re-stated my earlier message, the NBA issue is a question of Free Speech right of an US citizen. It really have nothing to do with HK history and even the protest itself.


let me know if Sterling had the same right.


Is Morey's speech racist?
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cal1piggy
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PostPosted: Fri Oct 11, 2019 12:27 pm    Post subject:

maomao wrote:
seccom wrote:
maomao wrote:
seccom wrote:
Runway8 wrote:
Do people who get into heated discussions even know the HK history? Do the kids burning up their own place of living and businesses in HK even know how they were lent out to Britain in the first place? I didn't know. I had to do some research, and this is my summary. If there are historians who can shed even more pertinent info, It will be appreciated.

Basically China tried to stop Britain from flooding their country with opium. Essentially Britain, the drug dealers, got pissed that China didn't want it anymore, got pissed that China confiscated and destroyed their smuggled supplies and declared war. China lost and had to lease HK to Britain for 99 yrs as part of a peace treaty to repay the destroyed opium. HK citizens were colonized, discriminated against, and did not enjoy the same rights as British citizens who did business in HK. And the truth of the matter is that HK only experienced more autonomy under the handover. Britain essentially said, "Well if we can't govern her anymore, you can't either. So lets make sure they elect their own government." What's happening in HK right now is almost like a case of Stockholm syndrome on a country scale.

China may feel that they were bullied in the first place, just like they were bullied when Japan occupied them. I can see why they are never going to let HK go.



HK Protesters did not ask for independence. It is CCP that forced the "independence" labels on them.

They are protested for Universal Suffrage and against Police brutality.

The HK protesters are not stupid. They have 0 guns. However anyone declare independence without any arm force?

We all know what happen in 1989-6-4. If HK goes for independence, that will be the end result. Most protesters, I believe, understand the tank problem.

However, it is the People Daily that called the HK protest: "color revolution". Then the CPP 50 cent army repeated the same propaganda.

Do the protesters overall want independence? Maybe. But they are NOT stupid enough to say it and give CCP an excuse to send the PLA.

It is the CCP troll, like Nets' owner, that push HK history and independence into the discussion.

Hong Kong is part of China, but under 1 country, 2 systems.

In me, the ideal end-game for HK is become a political entity like a US state government.

HK situation, imo, is very similar to US state right issue. Each state can have its own law code, elect its own governor and its own representative.

Independence, to me, absolutely out of question. The protesters know it and the CCP government know it.

CCP propaganda is very good. So there is no discussion in here about real issue, HK Universal Suffrage and HK Police brutality.


Here is the major difference. Hong Kong does not pay a dime to the central government. The CCP doesn't want anything from Hong Kong as long as they don't support separation (the CCP is under pressure from the Chinese people, territorial integrity is the most important thing for Chinese people due to historical reasons. )

Universal Sufrfage (okay as long as it follows the basic law in a incremental basis)
Police brutality (deal with it, there are brutality on both side as it should be)


Let me re-stated my earlier message, the NBA issue is a question of Free Speech right of an US citizen. It really have nothing to do with HK history and even the protest itself.


let me know if Sterling had the same right.


you are good. they are trying to gang up on you
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Runway8
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PostPosted: Fri Oct 11, 2019 12:30 pm    Post subject:

I think Morey isn't anymore righteous than any other fat cat NBA employee. He would not have tweeted that comment if it were not for an accidental brain fart. Dude must be cursing himself nonstop for days, and if he did take a break from cursing himself, I'm sure Tilman is right there in his ear to continue.
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cal1piggy
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PostPosted: Fri Oct 11, 2019 12:32 pm    Post subject:

TooMuchMajicBuss wrote:
maomao wrote:
TooMuchMajicBuss wrote:
maomao wrote:
lakersken80 wrote:
So cal1piggy is invested into the Communist system, he and his friends are middle aged or older and are fine with making money over everything. Meanwhile, the younger generations economic prospects are worst than ever, thats why they are protesting. It is a point of view he could never understand because he will never see it. Its like when a baby boomer tells a millennial they just have to work harder even though the economic environment that they grew up in is vastly different than the reality the newer generation is experiencing. This is why he feels little to no empathy for them, the hell with these people.


well good point, but I rather trust the baby boomers/greatest generation rather than some spoiled millennial.

All I know is, the older went through tougher times and had greater success, while the younger ones has the internet and nothing else.
And a cultural revolution. Oh, but that's made up. Just like published balance of trade figures that go back for decades, and for that matter, the private letters, early congressional arguments, and early laws passed by our nation's founders. According to you.



I don't know where you're trying to go with this. Feel free to counter my points about the trade deficit as there are many things that are not factored into the import/export calculation.
You stated that the trade deficit became an issue under trump, when in fact it's been widely publicised for decades and anyone who wants to can learn how it is derived. People were worried about the trade deficit back in the 80s even. Exports are what has driven China's standard of living and nacsent middle class, but the contention that it is at the cost of American manufacturing jobs is nothing new. It's not just some made up Trump thing. As for your contention that the people who founded our country were about money not dignity, you offer a cherry picked article and ignore a whole lot of evidence to the contrary. And what's your point in all this china centric bull (bleep) anyhow?


maomao - you are doing great.
here is some useful info

standard trick for avoiding us taxes.
trump 2017 tax rules made things much more complicated but foreign subsidiaries in tax haven is the standard
https://www.investopedia.com/news/how-fortune-500-companies-avoid-paying-income-tax/

there are more fancy tricks like what uber did with the netherlands tax-free royalty trick
i think this is called the double dutch
https://www.bloomberg.com/news/articles/2019-08-08/uber-created-a-6-1-billion-dutch-weapon-to-avoid-paying-taxes
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seccom
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PostPosted: Fri Oct 11, 2019 12:35 pm    Post subject:

https://www.uscourts.gov/about-federal-courts/educational-resources/about-educational-outreach/activity-resources/what-does

US court resolved some of the question regarding free speech.

https://en.wikipedia.org/wiki/United_States_free_speech_exceptions

Please google first.


Last edited by seccom on Fri Oct 11, 2019 12:36 pm; edited 1 time in total
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cal1piggy
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PostPosted: Fri Oct 11, 2019 12:36 pm    Post subject:

Runway8 wrote:
I think Morey isn't anymore righteous than any other fat cat NBA employee. He would not have tweeted that comment if it were not for an accidental brain fart. Dude must be cursing himself nonstop for days, and if he did take a break from cursing himself, I'm sure Tilman is right there in his ear to continue.


actually the dude also tweeted something negative on trump a year ago.

i think he just has a bad tweet habit like trump.
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maomao
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PostPosted: Fri Oct 11, 2019 12:39 pm    Post subject:

seccom wrote:
maomao wrote:
seccom wrote:
maomao wrote:
seccom wrote:
Runway8 wrote:
Do people who get into heated discussions even know the HK history? Do the kids burning up their own place of living and businesses in HK even know how they were lent out to Britain in the first place? I didn't know. I had to do some research, and this is my summary. If there are historians who can shed even more pertinent info, It will be appreciated.

Basically China tried to stop Britain from flooding their country with opium. Essentially Britain, the drug dealers, got pissed that China didn't want it anymore, got pissed that China confiscated and destroyed their smuggled supplies and declared war. China lost and had to lease HK to Britain for 99 yrs as part of a peace treaty to repay the destroyed opium. HK citizens were colonized, discriminated against, and did not enjoy the same rights as British citizens who did business in HK. And the truth of the matter is that HK only experienced more autonomy under the handover. Britain essentially said, "Well if we can't govern her anymore, you can't either. So lets make sure they elect their own government." What's happening in HK right now is almost like a case of Stockholm syndrome on a country scale.

China may feel that they were bullied in the first place, just like they were bullied when Japan occupied them. I can see why they are never going to let HK go.



HK Protesters did not ask for independence. It is CCP that forced the "independence" labels on them.

They are protested for Universal Suffrage and against Police brutality.

The HK protesters are not stupid. They have 0 guns. However anyone declare independence without any arm force?

We all know what happen in 1989-6-4. If HK goes for independence, that will be the end result. Most protesters, I believe, understand the tank problem.

However, it is the People Daily that called the HK protest: "color revolution". Then the CPP 50 cent army repeated the same propaganda.

Do the protesters overall want independence? Maybe. But they are NOT stupid enough to say it and give CCP an excuse to send the PLA.

It is the CCP troll, like Nets' owner, that push HK history and independence into the discussion.

Hong Kong is part of China, but under 1 country, 2 systems.

In me, the ideal end-game for HK is become a political entity like a US state government.

HK situation, imo, is very similar to US state right issue. Each state can have its own law code, elect its own governor and its own representative.

Independence, to me, absolutely out of question. The protesters know it and the CCP government know it.

CCP propaganda is very good. So there is no discussion in here about real issue, HK Universal Suffrage and HK Police brutality.


Here is the major difference. Hong Kong does not pay a dime to the central government. The CCP doesn't want anything from Hong Kong as long as they don't support separation (the CCP is under pressure from the Chinese people, territorial integrity is the most important thing for Chinese people due to historical reasons. )

Universal Sufrfage (okay as long as it follows the basic law in a incremental basis)
Police brutality (deal with it, there are brutality on both side as it should be)


Let me re-stated my earlier message, the NBA issue is a question of Free Speech right of an US citizen. It really have nothing to do with HK history and even the protest itself.


let me know if Sterling had the same right.


Is Morey's speech racist?


what if I tell you that Morey's tweet has the same if not worse affect on the Chinese NBA fans than the Sterling recording had on US NBA fans?

If the NBA choose to only use the American standards and perspective to judge speech, then don't operate anywhere else especially in China and expect people there not to be upset.
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cal1piggy
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PostPosted: Fri Oct 11, 2019 12:40 pm    Post subject:

seccom wrote:
https://www.uscourts.gov/about-federal-courts/educational-resources/about-educational-outreach/activity-resources/what-does

US court resolved some of the question regarding free speech.

https://en.wikipedia.org/wiki/United_States_free_speech_exceptions

Please google first.


here is another one though none of us are constitution law attorneys, i believe...

https://www.forbes.com/sites/tomspiggle/2018/09/28/free-speech-work-rights/#8db725738c87
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maomao
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PostPosted: Fri Oct 11, 2019 12:43 pm    Post subject:

TooMuchMajicBuss wrote:
maomao wrote:
TooMuchMajicBuss wrote:
maomao wrote:
lakersken80 wrote:
So cal1piggy is invested into the Communist system, he and his friends are middle aged or older and are fine with making money over everything. Meanwhile, the younger generations economic prospects are worst than ever, thats why they are protesting. It is a point of view he could never understand because he will never see it. Its like when a baby boomer tells a millennial they just have to work harder even though the economic environment that they grew up in is vastly different than the reality the newer generation is experiencing. This is why he feels little to no empathy for them, the hell with these people.


well good point, but I rather trust the baby boomers/greatest generation rather than some spoiled millennial.

All I know is, the older went through tougher times and had greater success, while the younger ones has the internet and nothing else.
And a cultural revolution. Oh, but that's made up. Just like published balance of trade figures that go back for decades, and for that matter, the private letters, early congressional arguments, and early laws passed by our nation's founders. According to you.



I don't know where you're trying to go with this. Feel free to counter my points about the trade deficit as there are many things that are not factored into the import/export calculation.
You stated that the trade deficit became an issue under trump, when in fact it's been widely publicised for decades and anyone who wants to can learn how it is derived. People were worried about the trade deficit back in the 80s even. Exports are what has driven China's standard of living and nacsent middle class, but the contention that it is at the cost of American manufacturing jobs is nothing new. It's not just some made up Trump thing. As for your contention that the people who founded our country were about money not dignity, you offer a cherry picked article and ignore a whole lot of evidence to the contrary. And what's your point in all this china centric bull (bleep) anyhow?


No you misunderstood me. I said that these issues were always there, but they don't matter as much as Trump brought them up to be. We always had this with China, but only Trump brought it up and tweet about it.

We lost manufacturing job and gain new tech/business jobs as is everywhere in the world. It's call progress.

I don't recall linking any article other than the anti trump riot
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seccom
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PostPosted: Fri Oct 11, 2019 12:45 pm    Post subject:

cal1piggy wrote:
seccom wrote:
https://www.uscourts.gov/about-federal-courts/educational-resources/about-educational-outreach/activity-resources/what-does

US court resolved some of the question regarding free speech.

https://en.wikipedia.org/wiki/United_States_free_speech_exceptions

Please google first.


here is another one though none of us are constitution law attorneys, i believe...

https://www.forbes.com/sites/tomspiggle/2018/09/28/free-speech-work-rights/#8db725738c87


Morey is still working. What is your point?
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cal1piggy
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PostPosted: Fri Oct 11, 2019 12:47 pm    Post subject:

seccom wrote:
cal1piggy wrote:
seccom wrote:
https://www.uscourts.gov/about-federal-courts/educational-resources/about-educational-outreach/activity-resources/what-does

US court resolved some of the question regarding free speech.

https://en.wikipedia.org/wiki/United_States_free_speech_exceptions

Please google first.


here is another one though none of us are constitution law attorneys, i believe...

https://www.forbes.com/sites/tomspiggle/2018/09/28/free-speech-work-rights/#8db725738c87


Morey is still working. What is your point?


my point is just that companies have more right to restrict free speech than one would normally assume.

of course morey has a job. there would be a firestorm if he was fired and there would probably be a congressional investigation with lots of made-for-tv moments for our wonderful members of congress.

but i certainly would not want to be morey right now given how much hate mail he probably has received, despite his $8m/year salary. nothing is worth that stress.
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PostPosted: Fri Oct 11, 2019 12:57 pm    Post subject:

all this silliness about trade deficit. it is more about which country's companies are better at hiding foreign revenues in tax haven countries like cayman and british virgin islands...

U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than a post office box — in tax havens.

U.S. corporations hold $2.1 trillion in profits offshore — much in tax havens — that have not been taxed in the U.S.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/

what a joke - according to the Office of the US Trade Representative - "The U.S. goods trade deficit with China was $419.2 billion in 2018. Trade in services with China (exports and imports) totaled an estimated $77.3 billion in 2018"
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PostPosted: Fri Oct 11, 2019 1:07 pm    Post subject:

cal1piggy wrote:
all this silliness about trade deficit. it is more about which country's companies are better at hiding foreign revenues in tax haven countries like cayman and british virgin islands...

U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than a post office box — in tax havens.

U.S. corporations hold $2.1 trillion in profits offshore — much in tax havens — that have not been taxed in the U.S.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/

what a joke - according to the Office of the US Trade Representative - "The U.S. goods trade deficit with China was $419.2 billion in 2018. Trade in services with China (exports and imports) totaled an estimated $77.3 billion in 2018"


So the NBA making money in China (roughly 10% of total revenue), does that factor into the trade calculation deficit? is it the same as exporting services to China? I guess keep those tweets coming to increase the deficit even more
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PostPosted: Fri Oct 11, 2019 1:10 pm    Post subject:

-Trump not happy with Fox polls
-William Barr meets with Murdoch
-Shepard Smith steps down
-Now watch for glowing polls again in the next few weeks.

Is there really true freedom of the press or speech in the US? Like I said, doesn't matter how you define a system whether it be democracy, dictatorship, centralized government, etc. People in power are the same everywhere, they huddle and make self serving decisions.
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PostPosted: Fri Oct 11, 2019 1:13 pm    Post subject:

maomao wrote:
let me know if Sterling had the same right.


You tell me. With Sterling, he’s had a history of racism over decades and was still allowed to continue operating as an NBA owner after incidents involving not only his players/employees, but his outside businesses as well. Morey tweeted once, deleted it, apologized, and got destroyed. Compared to Morey, Sterling got his money’s worth of free speech.
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PostPosted: Fri Oct 11, 2019 1:14 pm    Post subject:

maomao wrote:
cal1piggy wrote:
all this silliness about trade deficit. it is more about which country's companies are better at hiding foreign revenues in tax haven countries like cayman and british virgin islands...

U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than a post office box — in tax havens.

U.S. corporations hold $2.1 trillion in profits offshore — much in tax havens — that have not been taxed in the U.S.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/

what a joke - according to the Office of the US Trade Representative - "The U.S. goods trade deficit with China was $419.2 billion in 2018. Trade in services with China (exports and imports) totaled an estimated $77.3 billion in 2018"


So the NBA making money in China (roughly 10% of total revenue), does that factor into the trade calculation deficit? is it the same as exporting services to China? I guess keep those tweets coming to increase the deficit even more


it depends on how the NBA structures its foreign operations.

with the 2017 tax laws, trump actually made an effort to claw back foreign subsidiary profits even if it is not repatriated. so i am unable to answer as i am not an international tax guy. note that this is for international subsidiary based in a tax haven (even a PO box will do). there is something called GILTI that must calculate the investment made in said foreign country to calculate what tax is owed. i think if the company is earning more than 10% profit, then GILTI applies. it is basically trying to stop companies from having their intellectual property owned by a foreign subsidiary to avoid taxes on royalties. of course, big corporation must have various tricks to avoid this. that is way beyond me.

however the 2017 tax law does not affect foreign corporations that are NOT subsidiaries of US corporations. but the obvious complication is how the shareholders control that foreign corporation. in our case, our partners require this scenario for an IPO in China. the shanghai exchange IPO is extremely attractive because PE ratio is often 100:1 or better when you are in the correct sectors - AI, semiconductor and perhaps biotech.

i am not a financial guy, but the potential implications are so huge that i have started to read up on this. someone in the company needs to understand something other than the outsourced accounting firm...


Last edited by cal1piggy on Fri Oct 11, 2019 1:15 pm; edited 1 time in total
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eddiejonze
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PostPosted: Fri Oct 11, 2019 1:15 pm    Post subject:

Anyone who is pro China and anti HK protesters needs to look up things like : "Tibet" and "Dalai Lama"...
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PostPosted: Fri Oct 11, 2019 1:17 pm    Post subject:

K2 wrote:
maomao wrote:
let me know if Sterling had the same right.


You tell me. With Sterling, he’s had a history of racism over decades and was still allowed to continue operating as an NBA owner after incidents involving not only his players/employees, but his outside businesses as well. Morey tweeted once, deleted it, apologized, and got destroyed. Compared to Morey, Sterling got his money’s worth of free speech.



Wait wait, how is Morey destroyed? Morey was not touched. He didn't lose a single dime. He gained all the fame. While making the rockets and the NBA lose money in the progress. Smart man right there. Like I said before, the only winner out of this is Morey.
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PostPosted: Fri Oct 11, 2019 1:18 pm    Post subject:

eddiejonze wrote:
Anyone who is pro China and anti HK protesters needs to look up things like : "Tibet" and "Dalai Lama"...


you left out uighur, xinjiang

what is happening in hk is actually very mild.
try googling the search terms i just gave you.

i think everyone in business knows about these things.

but many businesses are simply dependent on china for over 50% of their revenues or their investment or etc
ask apple, tesla, the us government, numerous investment banks, boeing...

if you think doing business in china is dirty, try the middle east


Last edited by cal1piggy on Fri Oct 11, 2019 1:24 pm; edited 1 time in total
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PostPosted: Fri Oct 11, 2019 1:20 pm    Post subject:

maomao wrote:
K2 wrote:
maomao wrote:
let me know if Sterling had the same right.


You tell me. With Sterling, he’s had a history of racism over decades and was still allowed to continue operating as an NBA owner after incidents involving not only his players/employees, but his outside businesses as well. Morey tweeted once, deleted it, apologized, and got destroyed. Compared to Morey, Sterling got his money’s worth of free speech.



Wait wait, how is Morey destroyed? Morey was not touched. He didn't lose a single dime. He gained all the fame. While making the rockets and the NBA lose money in the progress. Smart man right there. Like I said before, the only winner out of this is Morey.


oh morey made out financially fine. but the threats he may have received and all the stress and pressure, that is not worth it.

i am sure sterling received plenty of threats too, but he does not seem to care a bit.


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PostPosted: Fri Oct 11, 2019 1:21 pm    Post subject:

cal1piggy wrote:
maomao wrote:
cal1piggy wrote:
all this silliness about trade deficit. it is more about which country's companies are better at hiding foreign revenues in tax haven countries like cayman and british virgin islands...

U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than a post office box — in tax havens.

U.S. corporations hold $2.1 trillion in profits offshore — much in tax havens — that have not been taxed in the U.S.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/

what a joke - according to the Office of the US Trade Representative - "The U.S. goods trade deficit with China was $419.2 billion in 2018. Trade in services with China (exports and imports) totaled an estimated $77.3 billion in 2018"


So the NBA making money in China (roughly 10% of total revenue), does that factor into the trade calculation deficit? is it the same as exporting services to China? I guess keep those tweets coming to increase the deficit even more


it depends on how the NBA structures its foreign operations.

with the 2017 tax laws, trump actually made an effort to claw back foreign subsidiary profits even if it is not repatriated. so i am unable to answer as i am not an international tax guy. note that this is for international subsidiary based in a tax haven (even a PO box will do). there is something called GILTI that must calculate the investment made in said foreign country to calculate what tax is owed. i think if the company is earning more than 10% profit, then GILTI applies. it is basically trying to stop companies from having their intellectual property owned by a foreign subsidiary to avoid taxes on royalties. of course, big corporation must have various tricks to avoid this. that is way beyond me.

however the 2017 tax law does not affect foreign corporations that are NOT subsidiaries of US corporations. but the obvious complication is how the shareholders control that foreign corporation. in our case, our partners require this scenario for an IPO in China. the shanghai exchange IPO is extremely attractive because PE ratio is often 100:1 or better when you are in the correct sectors - AI, semiconductor and perhaps biotech.

i am not a financial guy, but the potential implications are so huge that i have started to read up on this. someone in the company no understand something other than the outsourced accounting firm...


all in all it's way too complicated. Just the NBA alone, it affects shoe companies like Nike.

It's another example, if Nike sells shoes to the Chinese that's not made in the US, it doesn't calculate into the trade deficit numbers. But it's still American business making money from the Chinese. So no, no one country is stealing money from another country.
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cal1piggy
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PostPosted: Fri Oct 11, 2019 1:23 pm    Post subject:

maomao wrote:
cal1piggy wrote:
maomao wrote:
cal1piggy wrote:
all this silliness about trade deficit. it is more about which country's companies are better at hiding foreign revenues in tax haven countries like cayman and british virgin islands...

U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than a post office box — in tax havens.

U.S. corporations hold $2.1 trillion in profits offshore — much in tax havens — that have not been taxed in the U.S.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/

what a joke - according to the Office of the US Trade Representative - "The U.S. goods trade deficit with China was $419.2 billion in 2018. Trade in services with China (exports and imports) totaled an estimated $77.3 billion in 2018"


So the NBA making money in China (roughly 10% of total revenue), does that factor into the trade calculation deficit? is it the same as exporting services to China? I guess keep those tweets coming to increase the deficit even more


it depends on how the NBA structures its foreign operations.

with the 2017 tax laws, trump actually made an effort to claw back foreign subsidiary profits even if it is not repatriated. so i am unable to answer as i am not an international tax guy. note that this is for international subsidiary based in a tax haven (even a PO box will do). there is something called GILTI that must calculate the investment made in said foreign country to calculate what tax is owed. i think if the company is earning more than 10% profit, then GILTI applies. it is basically trying to stop companies from having their intellectual property owned by a foreign subsidiary to avoid taxes on royalties. of course, big corporation must have various tricks to avoid this. that is way beyond me.

however the 2017 tax law does not affect foreign corporations that are NOT subsidiaries of US corporations. but the obvious complication is how the shareholders control that foreign corporation. in our case, our partners require this scenario for an IPO in China. the shanghai exchange IPO is extremely attractive because PE ratio is often 100:1 or better when you are in the correct sectors - AI, semiconductor and perhaps biotech.

i am not a financial guy, but the potential implications are so huge that i have started to read up on this. someone in the company no understand something other than the outsourced accounting firm...


all in all it's way too complicated. Just the NBA alone, it affects shoe companies like Nike.

It's another example, if Nike sells shoes to the Chinese that's not made in the US, it doesn't calculate into the trade deficit numbers. But it's still American business making money from the Chinese. So no, no one country is stealing money from another country.


yes the more one looks into this stuff, the more one realizes that one does not know what he is doing and goes hire an expert.
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eddiejonze
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PostPosted: Fri Oct 11, 2019 1:26 pm    Post subject:

cal1piggy wrote:
eddiejonze wrote:
Anyone who is pro China and anti HK protesters needs to look up things like : "Tibet" and "Dalai Lama"...


you left out uighur, xinjiang

what is happening in hk is actually very mild.
try googling the search terms i just gave you.

i think everyone in business knows about these things.

but many businesses are simply dependent on china for over 50% of their revenues or their investment or etc
ask apple, tesla, the us government, numerous investment banks, boeing, forced labor camps, Intellectual property theft, trade secret theft, jailing and execution of political dissidents, forced abortion...

_________________
Whomever smelt it, dealt it.
-Nikola Tesla

Ass cash or grass, Nobody rides for free.
-Mahatma Ghandi

Never gonna give you up, never gonna let you down
-Rick Astley
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