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Technically, that would require taxing a foreign company for foreign business activity. It's out of the US's jurisdiction.
by vnchr 10y ago
Technically, that would require taxing a foreign company for foreign business activity. It's out of the US's jurisdiction.
- Animats 10y agoNah. Apple's "foreign business activity" in Ireland is a tax dodge.
- valuearb 10y agoWhat is Samsung's foreign business activity? Cause it doesn't pay US income taxes on it, ever.
- mcphage 10y agoIt is, but it's a dodge based on money from products manufactured and sold outside of the US, owned by a company not in the US, so it's still not clear how the US could legally insert themselves into there.
- icebraining 10y agoIsn't Apple Ireland owned by the US company?
- seanmcdirmid 10y agoIt might work if we use our military to make all companies pay USA taxes no matter if the money is earned abroad and/or by a foreign company. /s No, this isn't workable.
- toomuchtodo 10y agoPay your taxes or don't sell your products in the country. Don't say something can't be done when it can easily be done. We'll embargo your goods at container ports and land borders if necessary. If you're a digital company, we will drop your ASN traffic at the border. Donald Trump becoming president is fairly indicative that nothing is off the table.
- seanmcdirmid 10y agoHey, there are two companies, IBM and SAP. They both do a lot of business abroad, pay taxes abroad, and whatever. Now which one do you want to pay all their taxes on all their international income? IBM? SAP? Pick carefully: why should SAP have a competitive advantage over IBM? Digital companies ALREADY pay taxes for everything that happens INSIDE of the USA. What we are arguing about is stuff that occurs OUTSIDE of the USA. Donald Trump becoming president simply means crazy idiotic proposals are now on the table. But then again he is realizing "gosh, this is really hard, not as easy as I thought" like health care, wall building, labelling china a currency manipulator, tax reform, etc...
- toomuchtodo 10y ago> Donald Trump becoming president simply means crazy idiotic proposals are now on the table. I'm actually pretty fond of some of his proposals, such as deporting illegal immigrants who have committed crimes and making it much more difficult to hire H1Bs (I don't like many other policies he's put forth, but you can't get everything you want); but then, that's what happens when both parties ignore a large chunk of America. Public policy starts coming down the pipe that gets called "crazy idiotic", and then its policy. American citizens are taxed on all worldwide income, why is it crazy that businesses should be as well? If you pay taxes to some other country, sure, you get a deduction for that. But tax accounting fuckery where you're paying no taxes on a large amount of income? Nope. https://en.wikipedia.org/wiki/Double_Irish_arrangement https://en.wikipedia.org/wiki/Double_Irish_arrangement
- seanmcdirmid 10y agoIllegal immigrants who committed crimes were being deported before Trump, H1Bs were already difficult to hire and so on. To be honest, I don't care what Trump does as long as he doesn't start a huge ass war or crash the economy, and I have honest fears that both of those are a possibility from someone who finds every so much harder than he thought.