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Because it's the law? The problem is that especially with non-physical assets, it's easy to make them "foreign income' solely to evade taxes. With a large Ameri
by yborg 9y ago
Because it's the law? The problem is that especially with non-physical assets, it's easy to make them "foreign income' solely to evade taxes. With a large American company I worked with as a contractor, as part of their standard release process we would transfer the product binary to their Irish subsidiary, which they would then license the product from so that this income was "Irish" sales of their software.
- marcoperaza 9y agoIt should be the law because it is the law? I don’t think that works. And as for the Irish arrangement, I think it’s a good demonstration on why having a corporate tax at all is more trouble than it’s worth. It’s better to just get rid of it and make up the shortfall in capital gains and income taxes.