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Why should US corps pay taxes for money they make overseas? That should go to the countries that they're in. Few countries are as greedy as the USA when it come

Why should US corps pay taxes for money they make overseas? That should go to the countries that they're in. Few countries are as greedy as the USA when it comes to taxes. Ask any America working overseas who not only has to fight the locals on taxes and make sure they get their fair part, the USA IRS is always looking over their shoulder and they aren't in the USA making money. Ultimately the consumer has to pay for it as well so essentially the "money" gets taxed multiple times, when it's made, when it's sold, sometimes even when it's used, the money paid to employees is taxed, (cars, boats etc with annual taxes). It's insane.

triceratops 5y ago
> Why should US corps pay taxes for money they make overseas? Because US persons do as well. > the USA IRS is always looking over their shoulder and they aren't in the USA making money No the IRS wants you to pay the difference between local taxes and US taxes, no matter where you live and work. And, btw, this applies to any US person, not just US citizens. A green card holder or temporary worker in the US inherits a rental property from a relative? Pay taxes on the rental income. Never mind that that property never had anything to do with the US. > the "money" gets taxed multiple times Yes, money does get taxed multiple times. I don't see how that matters.