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I'm glad. This will encourage those slacker big firms to work harder to make money. They will stop spongeing off the education system and infrastructure paid
by adaml_623 12y ago
I'm glad. This will encourage those slacker big firms to work harder to make money. They will stop spongeing off the education system and infrastructure paid for by the full tax paying companies and individuals.
(N.B. I'm ironically copying the language used to describe people who are might or might not be working but still depend on government programs for food, housing, etc)
- SG- 12y agoI think it's more likely that we'll simply see more expensive products come out of these companies to make up for the lost money.
- lotsofmangos 12y agoYeah, perhaps Apple will get rid of their budget range or Google searches and Facebook profiles could double in price.
- deleted 12y ago[deleted]
- lotsofmangos 12y agoI forget sometimes that t'internet is no place for subtlety.
- Pxtl 12y agoWhoosh!
- pgeorgi 12y agoWhich means that all costs (incl. expected profits) are priced in, instead of being partially subsidized through tax breaks (and thus paid by everyone, not just the consumers that use the products). That also levels the field a bit in that companies large enough to run departments that optimize for such loop holes have less of an advantage over the small fellows in the garage. Market at work, and all that.
- joshdance 12y agoEconomists have something to say about the effects of taxes, and it usually isn't 'work harder to make money' - http://www.economics21.org/commentary/tax-increases-and-behavioral-responses http://www.economics21.org/commentary/tax-increases-and-beha... I have two friends from Ireland who work at a tech company who recently opened an office there. They love the work and say that it is easy for them and their friends to get jobs because of all the companies coming there. My company is thinking about opening a European office, and Ireland is under consideration. This move might slow or stop companies from coming to Ireland.
- tomp 12y agoNoone is opposing tax breaks that countries give to companies incorporated in that country... as long as the tax breaks only apply to the country in question! However, if Google can pay lower tax on profits generated in the UK/France/rest of EU, by virtue of it being an Irish company, that's tax avoidance, plain and simple.
- smokeyj 12y ago> that's tax avoidance, plain and simple. What's wrong with that?
- Drakim 12y agoEverybody wants the benefits that tax money gives society, but nobody wants to pay for it. Companies don't exist in a vacuum, as evident in that very few companies prefer to put their offices in the middle of the sea or deep the jungle. They benefit greatly from infrastructure of our society, and it's fair that they should pay their share to build and maintain it.
- the_real_bto 12y agoYou make a very fair argument. The real question is, how do we decide what is fair for each of us to pay? Companies playing legal games around taxes is exactly the behavior that the complicated tax code incentivizes. Play games, get money. Are corporations not supposed to play? It's parallel to programming productivity measurements. If a company starts counting LOC and rewarding it, they are going to get precisely what they asked for: More lines of code.
- Doctor_Fegg 12y agoI was going to upvote you until I saw it was an attempt at irony.
- tomp 12y agoFuck, I actually upvoted him/her. :(
- Nursie 12y agoIrony or not, a lot of people feel exactly this way about some corporate behaviour in our society.