Quote:
Originally Posted by OneHungLo
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.
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Its very simple. Let me give you an example.
For many years google has sold vast amounts of ads to UK companies. The searches where the ads appeared were UK consumers. UK surfers clicking on ads for UK products delivered to UK households. So a transaction that 100% takes place in the UK. We are talking about billions of dollars of ad sales.
So do you think google paid UK sales taxes on that revenue ?
Do you think google paid UK corporation tax on the profits generated from that revenue ?
Or maybe if google did not pay UK taxes it must have paid US taxes because google is a US company ?
Or do you think that google used a structure of shell companies in low taxation jurisdictions to shield themselves from the taxes that all the rest of us have to pay on our business ventures ?
Do you need me to give you a clue ?, or can you join up the dots for yourself ?
So the Trumpster argument is that they pay the taxes that are due, and yes very clever corporate accountants and lawyers make sure that the structures are legal. But they are only legal because the actual root of the structure, the ultimate tax jurisdiction of the holding company, cannot be determined.
Its a bit like Trumps own tax return - fucking mysterious and yielding fuck all for the Treasury.
And then you end up with mountains of cash in off shore accounts. No shareholder value. No corporate responsibility. No contribution to the society that google depends on for its profits.
Do you understand yet ?