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>reduce the burden of taxes on small business and corporations to promote repatriotization of capital back to the US. The horror of giving a fair share to the

>reduce the burden of taxes on small business and corporations to promote repatriotization of capital back to the US. The horror of giving a fair share to the country that supports your corporation. I think we should fine companies like Apple who bilk the US and refuse to bring back hundreds of billions until they get a sweetheart deal.

nodesocket 9y ago
It's not a sweetheart deal. US corporate tax rates are some of the highest in the entire world. It is just smart by Apple to ship capital off until it makes business sense. I suspect we are not going to agree about this though.
- toomuchtodo 9y ago
  This is nonsense. The effective tax rate lands right in the middle of most OECD countries. https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world https://www.npr.org/2017/08/07/541797699/fact-check-does-the... https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries https://www.cbpp.org/research/federal-tax/actual-us-corporat...
  - nodesocket 9y ago
    Did you even read the article you linked? There is a reason all the bay area tech companies have offices in Dublin Ireland... 12.5% corporate rate. > The long answer: The U.S. has the highest top corporate tax rate at least among advanced economies. Compared with nations in the OECD — the Organization for Economic Cooperation and Development, a group of highly developed countries — the U.S. has the highest top corporate tax rate in the world.
    - hirsin 9y ago
      From the rest of the article: > Factor In Deductions And Other Expenditures, And The U.S. Corporate Tax Rate Isn’t So High
ryanwaggoner 9y ago
I'm not sure why I'm engaging on this, but... How would that work exactly? They're not breaking the law. Apple probably has IRS agents on its campus at all times for what amounts to an ongoing audit to ensure that they're not breaking the law. Apple makes legal business decisions to shift profits to lower tax jurisdictions and lower their tax burden. And you're going to fine them for that? Not only would that not hold up in court, it's crazy unfair. That's like fining someone who moves from CA to FL or buys a house or saves for retirement to save on their taxes. How DARE YOU make a decision to reduce your tax burden??!??!
rayiner 9y ago
It's not about fairness, it's about pragmatics. We have higher taxes on corporations (actual taxes, not just paper rates) than countries like Canada, Germany, France, the U.K., and Switzerland. France's corporate tax burden is half of ours. Meanwhile, Europe has over the last 20-30 years dramatically liberalized its economies, and as a result is a pretty compelling place to do business. It's one thing to have higher tax rates than some desperate third-world tax haven. It's another to have higher rates than highly developed countries with strong business environments (i.e. our competitors on the international stage). Many companies are happily shipping jobs over to the U.K., Canada, etc., to lower their tax burden.

nodesocket 9y ago

It's not a sweetheart deal. US corporate tax rates are some of the highest in the entire world. It is just smart by Apple to ship capital off until it makes business sense. I suspect we are not going to agree about this though.

toomuchtodo 9y ago
This is nonsense. The effective tax rate lands right in the middle of most OECD countries. https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world https://www.npr.org/2017/08/07/541797699/fact-check-does-the... https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries https://www.cbpp.org/research/federal-tax/actual-us-corporat...
- nodesocket 9y ago
  Did you even read the article you linked? There is a reason all the bay area tech companies have offices in Dublin Ireland... 12.5% corporate rate. > The long answer: The U.S. has the highest top corporate tax rate at least among advanced economies. Compared with nations in the OECD — the Organization for Economic Cooperation and Development, a group of highly developed countries — the U.S. has the highest top corporate tax rate in the world.
  - hirsin 9y ago
    From the rest of the article: > Factor In Deductions And Other Expenditures, And The U.S. Corporate Tax Rate Isn’t So High

ryanwaggoner 9y ago

I'm not sure why I'm engaging on this, but... How would that work exactly? They're not breaking the law. Apple probably has IRS agents on its campus at all times for what amounts to an ongoing audit to ensure that they're not breaking the law. Apple makes legal business decisions to shift profits to lower tax jurisdictions and lower their tax burden. And you're going to fine them for that? Not only would that not hold up in court, it's crazy unfair. That's like fining someone who moves from CA to FL or buys a house or saves for retirement to save on their taxes. How DARE YOU make a decision to reduce your tax burden??!??!

rayiner 9y ago

It's not about fairness, it's about pragmatics. We have higher taxes on corporations (actual taxes, not just paper rates) than countries like Canada, Germany, France, the U.K., and Switzerland. France's corporate tax burden is half of ours. Meanwhile, Europe has over the last 20-30 years dramatically liberalized its economies, and as a result is a pretty compelling place to do business. It's one thing to have higher tax rates than some desperate third-world tax haven. It's another to have higher rates than highly developed countries with strong business environments (i.e. our competitors on the international stage). Many companies are happily shipping jobs over to the U.K., Canada, etc., to lower their tax burden.