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Lol. It sounds like I worked with your friend. I'd like to note that the US is also a noted tax haven for foreign countries. We aggressively allow our country
by camz 15y ago
Lol. It sounds like I worked with your friend.
I'd like to note that the US is also a noted tax haven for foreign countries. We aggressively allow our country act as a tax shield for European and Asian companies so we should be throw rocks either when we live in a glass house
- jrockway 15y agoI'm not sure that makes sense. Let's say, hypothetically, the Europe and Asia have a tax rate of 99%. We offer a tax rate to foreign companies of 2%, to make it obviously worthwhile to funnel their money through the US. At the same time, we tax US companies at 98%. This makes sense because it maximizes revenue -- US companies aren't going to go abroad, and everyone else in the world will want to give us 2% of their money. Epic win. I doubt the real world works like this, though.
- lucasjung 15y agoWhen you combine state and federal taxes, the U.S. currently has one of the highest corporate tax rates in the world (second only to Japan, last I heard). It makes no sense to use a high-tax jurisdiction as a tax haven.