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"The setup lowers Google's overseas tax bill, but it also affects U.S. tax revenues as the government struggles to close a projected $1.4 trillion budget gap."
by nysauhem 16y ago
"The setup lowers Google's overseas tax bill, but it also affects U.S. tax revenues as the government struggles to close a projected $1.4 trillion budget gap."
It's a ridiculous notion that any single corporation's tax contribution will put even the slightest dent in the budget deficit. Government spending is like gas in a vacuum, it will expand to fill whatever space you give it.
- ceejayoz 16y agoGoogle is hardly the only corporation doing this.
- jacoblyles 16y agoGovernment spending is up 100% over 10 years. Maybe someone should look into that.
- vermontdevil 16y agoBut the US can actually reduce the gap by cutting down on wasteful spending (see Iraq and Afghanistan adventures). This should be a priority but alas our politicians love to spend and that applies to both sides.