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Take the case of me, a German citizen living in Germany, owning Apple stock. The German government taxes me on the capital gains - fair enough. But with your m
by realityking 6y ago
Take the case of me, a German citizen living in Germany, owning Apple stock. The German government taxes me on the capital gains - fair enough.
But with your model the US government and the government of California would receive no taxes beyond those owed by the employees.
- emteycz 6y agoAnd why is it wrong? Either they sell and/or operate in the US - so US sales tax is paid and their US employees/owners pay their tax - or they do not, no reason to pay tax there.
- ntsplnkv2 6y agoThe US doesn't have sales tax at the federal level.
- wil421 6y agoJust to add sales tax is a State/County/Municipal thing. I just voted on a 1% sales tax increase for my county, for infrastructure, cyber security, and other public stuff.
- emteycz 6y agoThat's something that could be easily changed.
- ntsplnkv2 6y agoIt doesn't seem like anything could be easily changed at the federal level, especially something as unpopular as a tax hike.
- newhacker2719 6y agoUS taxes us on capital gains. OP is asking why the same money is taxed twice. You have simply restated the scenario what OP is asking about. The question is why are corporations taxed , not, what would happen if corporations are not taxed.
- warent 6y agoYou seem to be talking past the parent comment. Their point is that a foreigner can make capital gains on an American company without America getting tax money. Double taxation patches that up.
- andromeduck 6y agoI don't see a problem with that if the value is taxed where it is created, eg via VAT.