Taxing businesses at 35% is absurd anyways, with international banking they don't need to bring the money here. Our tax rate is too high ALL over, but business of all sizes shouldn't be paying that rate. 10-15% is more than enough.
These fuckers wouldn't pay if the tax rate on profits was 0.00000000000001%. They love abusing our infrastructure until it breaks then leave. They're parasites.
There are a few other western governments, like those in The Netherlands, that are a tax-haven for those companies. The dutch government even does international marketing, with promises for lowered taxes and other benefits, so their country of origin doesn't get much of it. The term 'mailbox office' comes to mind.
d3r ago
I like the deal too. Combined with a competitive corporate tax rate, maybe the ship can be turned around.
piratse ago
Taxing businesses at 35% is absurd anyways, with international banking they don't need to bring the money here. Our tax rate is too high ALL over, but business of all sizes shouldn't be paying that rate. 10-15% is more than enough.
B3bomber ago
These fuckers wouldn't pay if the tax rate on profits was 0.00000000000001%. They love abusing our infrastructure until it breaks then leave. They're parasites.
piratse ago
They still pay taxes in those other countries dude. They can parasite all they want, the gubbment gonna get those taxes.
Wuttier ago
There are a few other western governments, like those in The Netherlands, that are a tax-haven for those companies. The dutch government even does international marketing, with promises for lowered taxes and other benefits, so their country of origin doesn't get much of it. The term 'mailbox office' comes to mind.
B3bomber ago
Right, like how the EU is fining Apple for avoiding to pay taxes there too? You must be a fucking idiot.
Olay ago
You mean the same Goldman Sachs that ran Trump's campaign that he put in charge of the government? Sounds like Trump's just a Goldman Sachs puppet.
derram ago
https://archive.is/HAhBu :
'Trump has promised to deliver such a huge gift to multinationals by allowing them to bring back overseas profits at a one-time rate of 10 percent. '
'U.S.-based multinationals are, in theory, supposed to be taxed at a rate of 35 percent on any profits they earn anywhere on earth. '
'Companies then refuse to bring the cash back until they get a special sweetheart deal slashing their rates. '
'Goldman Sachs is holding an additional $28.6 billion overseas. '
'The gusher of money was instead used for stock buybacks and to increase executive salaries. '
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