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It’s odd that they aren’t already paying taxes where goods are sold.
by dd36 5y ago
It’s odd that they aren’t already paying taxes where goods are sold.
- deleted 5y ago[deleted]
- jpadkins 5y agoThe argument is a tax on revenue is very unfair to low margin business like retail or farming, so corp. tax is usually on profits. Which creates the loophole of where are the profits recognized.
- teddyh 5y agoIIUC, they are paying taxes on goods sold, but those taxes are then offset by “losses” which they incur by “buying”, say, IP licenses, from their sister company. This sister company get record profits, but this company is then located in a tax haven, and pays no taxes on these profits.