8 ms·
Because the US needs the businesses, not the other way around.
by ryanlol 11y ago
Because the US needs the businesses, not the other way around.
- bsder 11y agoThat's quite funny. If the US blocked a company from it's market, that company would collapse practically overnight. The US is the most profitable market in the world with the EU running not too far behind. Think about Alibaba--it's profit is about connecting Chinese sellers to the profitable markets in the US and EU--not about connecting to other Chinese suppliers.
- ryanlol 11y agoBut the US can't just block offshore companies from its market without absolutely destroying its economy. What do you think would happen if the US suddenly decided that no company can do business in the US without paying taxes to the US for their offshore profits?
- littletimmy 11y agoThey'll pay the taxes. Also grumble for a month maybe, then go quiet.
- ryanlol 11y agoI don't think you realise just how much money that'd be.
- bsder 11y agoYou only have to injunct one. After a couple million in losses, they'll pay up. At that point, the threat of injunction would simply get the other ones to pay. Or, you start seizing domestic property to pay taxes on the foreign assets. Do NOT assume the government is ever powerless. It is always bigger than you.
- ryanlol 11y agoThe government might not be powerless, but exercising such power would be disastrous. Also, >After a couple million in losses Leads me to believe you don't really understand the numbers we're talking about here. That's missing at least a couple of zeros.
- crdoconnor 11y agoNope. Lobbying dollars.
- ryanlol 11y agoNot really, creating a hostile environment for businesses will obviously drive them away. Lobbying has nothing to do with preventing a completely unrealistic scenario from happening.
- deleted 11y ago[deleted]
- littletimmy 11y agoAre you serious? Where could Apple establish itself if not for the US? Or Google? Or Facebook? The government comes first, as a guarantor of civilization. Everything else comes later.
- ryanlol 11y agoThere's this whole continent of pretty civilised countries just to the east of US.
- littletimmy 11y agoAnd in those countries too, businesses need the government.
- ryanlol 11y agoAnd? I think you're missing the point here, US double taxing foreign income would put everyone else at an insane competitive advantage.
- littletimmy 11y agoReally? Other countries don't have taxes?
- ryanlol 11y agoI'm not sure you follow, we're discussing double taxing here.