Johnson Controls is merging with Tyco to avoid paying US taxes. The largest inversion case yet.
Because of the merger the CEO will be awarded $20,000,000.00. I am so happy for him.
The company will save $150,000,000.00 not paying US taxes.
Why should Johnson Controls have to pay US taxes. Not like the US Taxpayer ever did anything for Johnson Controls. Not like President Obama went to Johnson Controls and handed them piles of money.
In 2009 when President Obama was acting like Santa Claus (going around the country handing out Billions and Billions of your tax dollars) while pretending to fix the US economy...... one of the places Obama went was Johnson Controls.
Johnson Controls was given $300,000,000.00 (Happy birthday) of your tax dollars. The result of that welfare was the creation of 150 jobs. That comes out to $2,000,000.00 per job. The jobs didn't pay that much money (Don't be silly) that is just what they were given. A free gift from Uncle Sam.
In Sept Johnson Controls announced a new partnership with Communist Red China.
Also In Sept Johnson Controls announced they are laying off 3000 employees. Hire 150 people in 2009 (Take the government money) and layoff 3000 people in 2015. The Obama recovery is working well.
Now Johnson Controls will no longer pay any US taxes. You and your family can make up for the lost revenue......Right after you finish paying for the 300 million tacked onto the US National debt in 2009.