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I certainly can't blame a company for taking advantage of existing loopholes and we should challenge our lawmakers to close said loopholes. However, I can quest

by clobber 14y ago

I certainly can't blame a company for taking advantage of existing loopholes and we should challenge our lawmakers to close said loopholes. However, I can question their ethics, stock market be damned. This whole "it was my duty" mentality and shifting the blame... hmm, now where have I heard that before?

paulsutter 14y ago
If the behavior is unethical, what exactly would be the correct and ethical way for these companies to calculate their taxes? If it's so cut and dried for you, maybe you can help us all out here. You call it a loophole, suggesting that there is a design flaw in the law that is being exploited. What specific part of the law is flawed, and what was the drafting intent that has been misapplied in the law as it stands? I'm really serious. It's disappointing to me that so many people are ready to assume unethical intentions, when the details and issues are far from clear to me (and likely not clear to them). Maybe there is a country that has done it correctly? Accounting for business in multiple tax jurisdictions is really complex, and I can only assume that we had some really thoughtful people drafting the existing laws.