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the US levels of taxation are higher than the vast majority of other countries. it even goes further in taxing profits made overseas than other countries. how
by Shivetya 9y ago
the US levels of taxation are higher than the vast majority of other countries. it even goes further in taxing profits made overseas than other countries.
how can we honestly hold that against these companies?
- tasty_freeze 9y agoThe highest tax bracket is high, but tax laws also have many, many deductions and loopholes. As a result, US corporations as a whole pay about 18% in tax, which is somewhat lower than most western countries. If these laws were changed to make a flat 20% tax with no deductions, it would be revenue neutral or even slightly positive, but then the companies would all complain about the loss of deductions.
- valuearb 9y agoYou are ignoring state taxes and tax deferral from not repatriating. Once repatriation taxes are paid the US rate increases substantially, even with a lower repatriation rate. Apple pays nearly 40% in the US combined with state corporate income taxes. On foreign earnings it pays about 10% to foreign governments. Combined it works out to 23%, but when the repatriated earnings are taxed it will shoot up.
- walls 9y agoIf it wasn't worth it, they wouldn't be doing business there.