[RE-wrenches] Magnum Energy sold to tax dodger
Ray Walters
ray at solarray.com
Sun Sep 7 12:21:06 PDT 2014
While I'm proud that our country has strived to protect worker's rights
with Unions, OSHA, Worker's Comp, and minimum wage, the reality is that
small employers like my business are faced with an ever rising hurdle to
actually "create jobs". It IS much easier to buy a gadget, tool, etc.,
or sub out the work, than hire someone. My perfect world would allow
us to hire competent folks, keep them safe, happy, offer them a true
living wage with benefits, and still have enough left to pay the bills....
Opps, Its Sunday, I'm day dreaming......
R.Ray Walters
CTO, Solarray, Inc
Nabcep Certified PV Installer,
Licensed Master Electrician
Solar Design Engineer
303 505-8760
On 9/7/2014 12:55 PM, mark at hurshtown.com wrote:
> 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" <reellison at gmail.com <mailto:reellison at gmail.com>>
> Date: Sun, September 07, 2014 11:08 am
> To: "'RE-wrenches'" <re-wrenches at lists.re-wrenches.org
> <mailto:re-wrenches at lists.re-wrenches.org>>
>
> 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:re-wrenches-bounces at lists.re-wrenches.org] *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 -----
> *From:*Bill Hennessy <mailto:bill at berkssolar.com>
> *To:*RE-wrenches <mailto:re-wrenches at lists.re-wrenches.org>
> *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 <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage>
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> SEC Info - Sensata Technologies Holding N.V. - 10-Q - For
> 6/30/14 - R22 <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage>
> Reference 1: http://www.xbrl.org/2003/role/presentationRef
> -Publisher FASB -Name Accounting Standards Codification -Topic
> 805 -SubTopic 10 -Section 50 -Paragraph 1
>
>
>
> View on *www.secinfo.com*
> <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage>
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> Preview by Yahoo
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> http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html
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> image
> <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html>
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> Tax Dodge Used by Bain Shifts U.S. Firms Abroad Without ...
> <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html>
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> 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...
>
> View on *finance.yahoo.com*
> <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html>
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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 <http://www.berkssolar.com>
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