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They still pay taxes, though, even if politicians did set a lower rate for a period of time. If they bring the money back in to pay back the loans they'll pay t

They still pay taxes, though, even if politicians did set a lower rate for a period of time. If they bring the money back in to pay back the loans they'll pay taxes on it. You call this a "scam" when in reality it's the system working as designed, so I don't think you have a particularly good grasp on this subject. Again, in most countries companies don't pay taxes on foreign income at all.

colechristensen 7y ago
The personal slight isn't necessary. Things are indeed working as designed, designed by the people who it benefits through regulatory capture, lobbying, and campaign finance, that part shouldn't be hard to understand. If it were "working as designed" there wouldn't be a trend of global cooperation in closing these tax loopholes and you wouldn't be reading an article about France working to close one. >If they bring the money back in to pay back the loans they'll pay taxes on it. While profiting from the capital which should have been paid in taxes for decades, and more importantly out competing their smaller rivals out of the market because they didn't have the resources, scope, or moral infortitude to engage in similar behaviors. Would that it were we all could avoid our financial obligations and paying our fair share long as we did so eventually while being called heroic.
- manfredo 7y ago
  > Would that it were we all could avoid our financial obligations and paying our fair share long as we did so eventually while being called heroic. Again, most countries - including most European countries - don't Levy taxes on foreign company earnings at all. If Google were not a US company, they wouldn't be taxed on any foreign earnings even without any kind of money parking abroad.
  - colechristensen 7y ago
    What's your point? If I lived in Nevada instead of California I wouldn't have to pay state income tax so by your logic I should just stop paying? Once companies get big enough they get to arbitrarily choose which sets of laws to follow? People don't have to pay for groceries at food banks so we can walk around the checkouts at Safeway?
    - manfredo 7y ago
      > If I lived in Nevada instead of California I wouldn't have to pay state income tax so by your logic I should just stop paying? No, my point is that Californians shouldn't point to Nevada and say they're not paying their fair share of taxes. Google isn't dodging any French taxes, and isn't dodging American taxes either. What people are complaining about is the fact that American companies' foreign earnings aren't taxes until those earnings are brought into the country. This is not against the law, since companies aren't forced to move that money back into the country. And to put the cherry on top, most countries don't tax companies on foreign earnings at all. So France is trying to say that they are being disadvantaged because these companies are delaying payment of American taxes, on earnings that wouldn't be taxed at all in France or most other European countries. This is blatant hypocrisy. France is complaining that American isn collecting taxes too slowly on earnings that it and it's peers don't tax at all. If European countries think corporations should pay taxes on foreign earnings, maybe they should begin with taxing their own corporations' foreign earnings first.

colechristensen 7y ago

The personal slight isn't necessary. Things are indeed working as designed, designed by the people who it benefits through regulatory capture, lobbying, and campaign finance, that part shouldn't be hard to understand. If it were "working as designed" there wouldn't be a trend of global cooperation in closing these tax loopholes and you wouldn't be reading an article about France working to close one. >If they bring the money back in to pay back the loans they'll pay taxes on it. While profiting from the capital which should have been paid in taxes for decades, and more importantly out competing their smaller rivals out of the market because they didn't have the resources, scope, or moral infortitude to engage in similar behaviors. Would that it were we all could avoid our financial obligations and paying our fair share long as we did so eventually while being called heroic.

manfredo 7y ago
> Would that it were we all could avoid our financial obligations and paying our fair share long as we did so eventually while being called heroic. Again, most countries - including most European countries - don't Levy taxes on foreign company earnings at all. If Google were not a US company, they wouldn't be taxed on any foreign earnings even without any kind of money parking abroad.
- colechristensen 7y ago
  What's your point? If I lived in Nevada instead of California I wouldn't have to pay state income tax so by your logic I should just stop paying? Once companies get big enough they get to arbitrarily choose which sets of laws to follow? People don't have to pay for groceries at food banks so we can walk around the checkouts at Safeway?
  - manfredo 7y ago
    > If I lived in Nevada instead of California I wouldn't have to pay state income tax so by your logic I should just stop paying? No, my point is that Californians shouldn't point to Nevada and say they're not paying their fair share of taxes. Google isn't dodging any French taxes, and isn't dodging American taxes either. What people are complaining about is the fact that American companies' foreign earnings aren't taxes until those earnings are brought into the country. This is not against the law, since companies aren't forced to move that money back into the country. And to put the cherry on top, most countries don't tax companies on foreign earnings at all. So France is trying to say that they are being disadvantaged because these companies are delaying payment of American taxes, on earnings that wouldn't be taxed at all in France or most other European countries. This is blatant hypocrisy. France is complaining that American isn collecting taxes too slowly on earnings that it and it's peers don't tax at all. If European countries think corporations should pay taxes on foreign earnings, maybe they should begin with taxing their own corporations' foreign earnings first.