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When a US citizen does business overseas, putting the money into a offshore bank account outside the united states makes absolutely a lot of sense. The article
by jijji 9y ago
When a US citizen does business overseas, putting the money into a offshore bank account outside the united states makes absolutely a lot of sense. The article makes it appear that people are somehow doing something wrong by doing business outside of their home country and then not bringing the money back to their home country. The big reason people don't bring the money back to their home country is because the money is subject to tariffs and fees which have nothing to do with the generating of the money in the first place, so it makes more sense to keep it offshore than to bring it to the US.
- yfufuffuc 9y agoThis would be sensible if profits were being paid in each country. The double Irish functions to siphon profits from Europe and Asia to tax havens like Burmuda. This is a world wide scandal.
- ringaroundthetx 9y agoIncome taxes are a 100 year old concept in the western world, capital taxes are an even newer concept. The moral arguments to support them are even younger. And these guys are the scandal? I'm not suggesting there is no abuse happening here, or that its so binary as one side is morally good and the other side is morally bad, I'm just offering perspective to the limitation of your argument.