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Just like individual income tax for expats corporations only pay the difference between their foreign tax liability when moving funds to their US-based sister o
by snuxoll 10y ago
Just like individual income tax for expats corporations only pay the difference between their foreign tax liability when moving funds to their US-based sister or parent companies, last I checked.
- premium-concern 10y agoWhich would be a shit-ton of money with their current tax "avoidance" schemes.
- nedwin 10y agoWhich is why it exists - to reduce tax avoidance by holing up in tax-friendly jurisdictions away from Uncle Sam.
- premium-concern 10y agoI love how people try to downplay the things corporations do. "Oh, it's not tax evasion, it's tax avoidance!" And now "oh, it's not tax avoidance, it's tax-friendly jurisdictions". Let's just agree to close the loopholes so that everyone pays their fair share.