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If these tax laws incentivize productivity-destroying mergers then they are utterly moronic, immoral even. The Pfizer CEO said he wouldn't do it but for the tax
by pzone 11y ago
If these tax laws incentivize productivity-destroying mergers then they are utterly moronic, immoral even. The Pfizer CEO said he wouldn't do it but for the tax savings.
All these companies want to do is bring back their cash to the US and pay their US shareholders. It's fair and defensible for Pomme to want to bring cash to France to pay its French shareholders, and for Apfel to bring it to Germany to pay its German shareholders.
- wavefunction 11y agoThese companies are free to do so. They just need to pay their taxes.
- pzone 11y agoOr as an alternative, they can invert! It really does save a lot of money.
- justincormack 11y agoActually though Apple's shareholders are in fact global. They could probably spin off a subsidiary in a tax haven like the UK and pay dividends through that.