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The USA tries to have a worldwide tax jurisdiction, and fails at it The Large global companies spend millions on ultra complex business structures to avoid US
by syshum 10y ago
The USA tries to have a worldwide tax jurisdiction, and fails at it
The Large global companies spend millions on ultra complex business structures to avoid US (and EU) taxes.
See GE and Apple as the most publicized examples but they all do it
- ahelwer 10y agoOh, certainly. However, if the US political climate ever reaches the point where a wealth tax is seriously considered (something which would require a constitutional amendment), I very much doubt these loopholes would still exist.