Quote:
Originally Posted by NewNick
Absolutely.
This is money stashed away in off shore tax havens. How do you think it got there ?
Revenues generated outside of the US in zero tax circular corporate structures.
Starbucks, Google, Facebook, bla bla, all of them generating vast sums in Europe and paying virtually zero tax because their ultimate tax jurisdiction is so vague.
So Trump lets then bring it into the US. No questions asked, zero fucks given.
This is money that should have helped to support the social systems where it was plundered. The free affluent societies that create an environment in which the multi nationals flourish need tax revenues or they will fail. So if Corporate giants put a bit back the social systems are properly funded relieving the burden from the citizens.
Or not, and the poor get fucked again.
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Plundered? You really don't understand how this all works.
If I have a product and sell it in another country, and pay all applicable taxes in said country, how did I plunder that money? All these companies are following the tax laws in whatever country they are selling their goods, and they're also following the tax laws of the US.
I'm assuming you're a capitalist since you're on a business forum, so do you think you should a company should be taxed in a foreign country then when they bring that income home, be taxed at a normal corporate rate?