Quote:
Originally Posted by NewNick
This is only partially true.
Much of this money has paid very little tax before going back to the US. Tech companies selling non tangible goods likely paid zero corp tax as they book the sale to the offshore haven that their structure eventually domiciles them in.
These companies really should show some corporate responsibility. They are allowed to operate in a free affluent society. They make profits beyond their wildest dreams - then they hoard it offshore.
Why should they not pay taxes ? Why should their success not help to support the society which feeds their wealth ?
What fucking use is a pile of money so large you could never even count it ?
They have to ask themselves what is the actual point of all this money ?
What happened to "do no evil ?"
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well if they paid a low tax or zero tax was not my point.
this is a very other chapter of the book but the pavlovīs dogs seems to think indeed that american companies give a shit on them.
however this money comes in the facts are:
1. this sum is a sum what was made in decades and it will not be the same ever again.
2. if it wentīs to the state it will be taxed with 10% MAXIMUM - the smart ones will give it to their own charity holdings and pay nuts.
3. even with this 10% tax the most of the offshore incomes did not went back.
4. it will give american based companies one more reason to go abroad.
the fucking easiest way to prevent tax is to sell a product what was produces on 100 dollar costs for 110 dollars to an offshore daughter. this offshore daughter sells it for 500 dollars to any country they want.
10 dollars profit will be taxed in US and 390 dollars profit will be taxed for peanuts (like 1%) offshore.
i donīt really understand why pavlovīs dogs donīt get that.
I'm still wavering between completely dumb and under educated and something I could not find out yet.