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It might be complicated to tax that money, but if we simplified tax code there would be fewer complicated ways in which people can legally get the money offshor
by devishard 10y ago
It might be complicated to tax that money, but if we simplified tax code there would be fewer complicated ways in which people can legally get the money offshore in the first place. Tax simplification is a prevention, not a cure.
- icebraining 10y agoIt wouldn't help in the mentioned cases, though - the money was received offshore in the first, it didn't "go" there.
- lijason 10y agoIs that true? I'm not an accountant, but I thought a lot of companies do things like give ownership of a technology to a foreign subsidiary and then have their US operation "license" that technology at high cost to move profits overseas as well. Maybe that loophole was closed though?