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The way that is fixed is changing the tax laws so they "pay what they should" - not vaguely pretextual shakedowns to try to score political points. It isn't nec
by Nasrudith 7y ago
The way that is fixed is changing the tax laws so they "pay what they should" - not vaguely pretextual shakedowns to try to score political points. It isn't neccessary.
Legally US companies are doing exactly what they should even if it involves bullshit loopholes like Double Dutch Irish or large licensing fees. If they weren't then there would many within facing charges of tax evasion. The actual solution would involve closing loopholes with things like excluding license fees and business from profit reductions for tax purposes.
- simion314 7y agoOP is bringing the taxes in an unrelated topic. I agree the solution is to pass laws to close all this loopholes.
- hn23 7y agoSo first you have to get rid of lobbyists. Your voice is heard every election; that of lobbyists every day.
- mattmanser 7y agoNot really, the US conveniently has had several offshore earnings "amnesties", to allow US companies to bring money back home from profits in foreign countries without having to pay tax on it. That's a MASSIVE subsidy the US keeps giving to its companies. Trillions of dollars not being taxed. So everyone's playing silly games, the US haven't got clean hands in this at all, effectively allowing their companies to run 0% corp tax on foreign trading.
- pkaye 7y agoThey pay 0% taxes because they move all their profits to Ireland.
- hn23 7y agoOn onw hand you are right. Pn the othrr hand it is pretty easy for a company with the size of Amazon to lobby against fixing tax laws.