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Google became too greedy and this is the result of it. I, for one, in support of this law. You can't harvest billions of profit worldwide, then sneak it all thr
by znowi 13y ago
Google became too greedy and this is the result of it. I, for one, in support of this law. You can't harvest billions of profit worldwide, then sneak it all through tax heavens and expect it to continue indefinitely. Someone will get weary of this practice.
As a thought experiment, imagine the US reaction if Google was an Italian company - making loads of money in the US and paying 0 taxes :)
- was_hellbanned 13y agoThe point becomes moot if you eliminate corporate income tax. You want companies to pay salaries, not taxes.
- ansgri 13y agoGood point. Could you please remind us why this hasn't been done yet? Or where done?
- gamblor956 13y agoBecause then people who own the companies would simply keep the income in the company, and have the company pay as much of their expenses as possible as "business expenses." Essentially, they would get the benefits of the income without anyone actually paying taxes on it. The company would distribute the profits only when absolutely necessary. Note: this scenario has already been envisioned by tax advisers. Common solutions include either converting corporations to flow-through entities for income tax purposes, or levying penalty rates of income tax on undistributed profits.
- was_hellbanned 13y agoThat already happens. It's fraud, and we have enforcement against it.
- omonra 13y agoHow would this help Italian government? All income would flow up to the US and get eventually taxed there.
- Houshalter 13y agoAs is the case with other products and services from other countries. Tax the local businesses that are benefitting from the ads and services.
- omonra 13y agoUmm..this is too stupid to argue with, sorry.
- ekianjo 13y agothese tax heavens you mention are totally legal in EU law, and not using them as a company would be seriously stupid. By the way its what the politicians you elect use for their own earnings, to avoid paying taxes as well.