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What is wrong and immoral is that a single company is considered immoral for not paying an additional $2,400,000,000 in taxes.
by IncRnd 11y ago
What is wrong and immoral is that a single company is considered immoral for not paying an additional $2,400,000,000 in taxes.
- devsquid 11y agoWhy? The US is clearly in desperate need of tax dollars. Look at how much we spend a year for the military alone, which accounts for around half of the USA's total budget. Whats also shocking is that the tech companies have billions of dollars sitting around doing nothing.
- Jach 11y agoSounds like a spending problem. When the US is so inefficient with the vast amounts it already has, things aren't going to magically get better by giving them marginally more. The money tech cos have 'sitting around' isn't actually idle. You can see what it's used for elsewhere in the thread.
- IncRnd 11y agoThat is not a problem of low taxes but a problem with the desire to spend without end. The US keeps hitting record highs of tax receipts.
- TheLogothete 11y agoWhy? The said company made much more than that in profit. There is a social contract and companies avoiding taxes are not holding up their end of the bargain.
- Jach 11y agoThe social contract is formalized in law. They are paying what is required by law. In Singapore that rate is 17%, is that the right rate for the rest of the world? Why or why not? The only right rate from a company's point of view is the legal minimum.
- TheLogothete 11y agoIt is not in the spirit of the law. I don't see why Singapore is relevant. According to wikipedia, Google and its parent company are headquartered in Mountain View, California, United States