Re: [RE-wrenches] Magnum Energy sold to tax dodger

Sun, 07 Sep 2014 11:57:04 -0700

You are absolutely correct on the root of the problem.  Punitive taxation on anyone who dares to make a profit results in lost jobs and relocation offshore.  The fools who as of late have been pushing for $15/hr for flipping burgers will be rewarded with their jobs being replaced with automated restaurants.

-------- Original Message --------
Subject: Re: [RE-wrenches] Magnum Energy sold to tax dodger
From: "RE Ellison" <[email protected]>
Date: Sun, September 07, 2014 11:08 am
To: "'RE-wrenches'" <[email protected]>

Even stranger is that is not who they told me was buying them out, it was another inverter manufacturer.
Big in the RV / Coach market. Seems like it was Dimensions or something like that. Unless they were just flipped?
Every company with stockholders will become “tax dodgers”, at least till we get the crippling taxes lowered to a reasonable rate.
Even Burger King is moving, and it will continue till none are left.
 
Bob Ellison
 
From: RE-wrenches [mailto:[email protected]] On Behalf Of frenergy
Sent: Sunday, September 07, 2014 10:46 AM
To: RE-wrenches
Subject: Re: [RE-wrenches] Magnum Energy sold to tax dodger
 
Bill,
 
        Interesting because at InterSolar in SF this June, they were still bragging about being made in the USA.  I guess you'd want to right up until: "Another one bites the dust"   (there's a song isn't there?)  It's getting terribly lonely out there for a US made offgrid inverter.
 
Bill
Feather River Solar Electric
----- Original Message -----
Sent: Sunday, September 07, 2014 6:47 AM
Subject: [RE-wrenches] Magnum Energy sold to tax dodger
 
hey wrenches, I suppose it's old news to you West Coasters, but saw yesterday that Magnum inverters has been sold for $60 million to a Mitt Romney conglomerate that shifted to the Netherlands to avoid paying US taxes. The new owner, Sensata, touts its "integrity" and comes with a rep of moving jobs to China.



SEC Info - Sensata Technologies Holding N.V. - 10-Q - For 6/30/14 - R22


SEC Info - Sensata Technologies Holding N.V. - 10-Q - For 6/30/14 - R22
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 1
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image
Tax Dodge Used by Bain Shifts U.S. Firms Abroad Without ...
While its top executives are still based in Attleboro, Massachusetts, it's now known as Sensata Technologies Holding NV (ST) of the Netherlands. Treasury Department...
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Bill Hennessy
Berks Solar, LLC
371 Centennial Rd
Mertztown, PA 19539

o 610 682 4300
c 484 560 4666
NABCEP certified installer
PA contractor #44411
www.berkssolar.com
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