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Yes you get a credit for the foreign taxes paid, but even still it's absurdly punitive for being an American corporation.
by IBM 9y ago
Yes you get a credit for the foreign taxes paid, but even still it's absurdly punitive for being an American corporation.
- Pulcinella 9y agoI would not consider taxes to be “punitive.” Taxes aren’t punishment. They are much more like a membership fee.
- IBM 9y agoI think it's fine to view taxes that way, but we should also realize that to a business taxes are a cost to be minimized. No for-profit business willingly conducts their affairs to maximize taxes. We live in a rules based system and the rules should be designed to incentivize the behaviors we want. Expecting any business to deviate from whats in their best interest is just... out of touch with reality.
- fjsolwmv 9y agoThat's been repeated ad nauseum and isn't relevant to this discussion. Parent was replying to someone who said "punitive".
- rhizome 9y agoWhat's good for America is good for General Motors.
- Helloworldboy 9y agoWhat’s good for America may make GM uncompetitive internationally.
- burnallofit 9y agoMany public corporations want to (indirectly) maximize taxes. That's because taxes are levied on profits, and maximizing profits to increase share value is often a good thing.
- deleted 9y ago[deleted]
- cm2187 9y agoTaxes are very often used as a punishment to modify people's behavior.
- tambourine_man 9y agoA mandatory membership fee.
- lightbyte 9y agoIt's not mandatory, you're free to move to Somalia and renounce your citizenship if you don't like having a government.
- tambourine_man 9y ago- They do have a governament, even if it doesn’t work. - I’m not free to move anywhere I wasn’t invited nor is anyone paying my trip there. All in all, death and taxes as they say.