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When was the last time a corporation went to local Starbucks to drink a cup of coffee from all of the tax savings from the double Irish Dutch sandwich? When yo
by hailhash 7y ago
When was the last time a corporation went to local Starbucks to drink a cup of coffee from all of the tax savings from the double Irish Dutch sandwich?
When you tax a corporation that gets passed on to its employees and its customers, who already pay those taxes.
- criddell 7y agoGoogle and other big tech companies that were doing this shady accounting stuff are sitting on the money. If they had paid taxes on it, they would just be sitting on less money and we would have a little bit more money for public programs. Public programs that are run by people that stop at Starbucks some mornings.
- hailhash 7y agoGoogle employees pay the taxes Google shareholders pay the taxes Google customers pay taxes Wonder where is all that tax money going to? Just curious?
- Gigablah 7y agoOr maybe you could siphon just a teeny little bit from your military-industrial complex.
- criddell 7y agoIt isn't an either-or situation. Everybody should pay their taxes and we (government) should spend the money carefully.
- jeffnappi 7y agoStarbucks also used similar (the same?) tax loopholes... https://www.reuters.com/article/us-britain-starbucks-tax/special-report-how-starbucks-avoids-uk-taxes-idUSBRE89E0EX20121015 https://www.reuters.com/article/us-britain-starbucks-tax/spe...
- hailhash 7y agoso does every non-bankrupt decent sized "Corporation" with accountants who can do kinder garden level additions and subtractions.
- pravda 7y agoUm...no. So much no. When you tax a corporation it comes from shareholders.
- anchpop 7y agoWhen you tax a corporation it comes from the revenue and holdings of that corporation
- pravda 7y agoExactly! And since the "revenue and holdings" of a corporation are owned by the shareholders, it comes from shareholders.
- syockit 7y agoAnd when the shareholders want to maintain their after-tax income, they can certainly pass the buck to the customers or the employees, to a certain extent.
- pravda 7y agoIf a public company can increase prices to increase its profits, it means it is not setting prices correctly! Prices should be set at the profit-maximizing price. Taxes have nothing to do with it. Employee compensation is decided by the market.
- CaveTech 7y agoIs this some kind of trickle-down taxes meme? The employees and customers did not pay those taxes. They pay taxes, but not those taxes.
- solarkraft 7y agoIf you tax a corporation the employees suffer, but not the billions of profits? Hm, sounds far fetched.
- syockit 7y agoHere is a simple back of the envelope calculation to demonstrate the idea. Revenue Cost Gross Rate Tax Profit 1000 700 300 20 60 240 1020 700 320 25 80 240 1000 680 320 25 80 240 Of course, in reality there are many more factors to keep in mind e.g. you can't increase the price while expecting the sales to stay steady, and you can't expect the quality to maintain (and hence keeping the sales) while reducing the cost (personnel or material). But the idea is that the directors can find many ways to keep the shareholders happy even in the face of corporate tax hike.
- buboard 7y agoSo didnt the employees benefit from google s avoidance scheme all this time?
- deleted 7y ago[deleted]