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Wait a minute. Does this tax bill end the situation where e.g. Google earns $100 million/year in my European home country, but pay only $150,000 in taxes to my
by marvin 9y ago
Wait a minute. Does this tax bill end the situation where e.g. Google earns $100 million/year in my European home country, but pay only $150,000 in taxes to my home country, using an Irish holding company to ensure their net tax rate (including to the US) on this amount is only a few percent? That would seem like a very good thing to me. The current situation is quite unjust.
- revelation 9y agoIt doesn't. It just means Google will now pay less money to the US government when they want to spend their overseas profits in the US.
- Cthulhu_ 9y agoI think more that Google will hoard less money in Europe to avoid US taxes and will be able to move more back to the US for investments there. It's the US' new isolationist policies in action.
- talmand 9y agoYou mean the new tax law that's more in line with the rest of the world when concerning corporations? Those damn US isolationists acting like the rest of the world! Next thing you know the globalists will start insisting on strong borders and immigration controls.
- skgoa 9y agoNope. That's an intra-EU thing and is very unlikely to change.