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>>The point is that normal people can't afford to dodge taxes like google (and others) so they are not happy about it. If your assumption is all of 98,771 Goog
by hailhash 7y ago
>>The point is that normal people can't afford to dodge taxes like google (and others) so they are not happy about it.
If your assumption is all of 98,771 Google employees are dodging their income taxes on the extra money Google "saves" from Double Irish Dutch Sandwich, you could not be farther from the truth.
Someday the money "saved" from this "dirty evil" scheme has come-out in the form of
* Stock buy back
* Dividend
* Employee Salaries/Bonus
* R&D Investment
* Merger and Acquisition
* New Hires
All of the above are taxed anyway.
We are talking about extra "Corporate" tax whatever that means.
Google "Milton Friedman and Corporate Taxes" he has a much better explanation than me.
- humanbeinc 7y agoI disagree. The surplus stays in the war chest (not last for times like these when new tax evasion structures have to be set up and lobbied for). The taxes lost on Googles EBIT in the EU per year equals to 2-3 Million working citizens not paying a single Euro in income taxes.
- hailhash 7y agoWith all its great tax policies EU posted 1.8% GDP growth rate in 2018. It's definitely working gangbusters, so lets double down on everything. There is a lot of room below zero.