How about when they got a "corporate welfare" deal and dont pay property taxes?
And why do they get those deals? To get them to build their factory, warehouse, corporate office in that community bringing JOBS to the community... And the residents that work those jobs pay TAXES - unemployed people don't pay taxes...
What about medicade/medicare/Social Security
Employers match 100% of the FICA and Social Security taxes each of their employees pay...
Employees benefit by being able to get to work.
Employers pay the bulk of healthcare costs for workers.
Employers MATCH every employee's payroll taxes and FICA taxes...
If capital gains are taxed at the same rate as other income, you lose the incentive to invest.
The capital gains tax 'loophole' was put in place to encourage investments, isn't it logical to assume that elimination of the 'loophole' would discourage investment?
Should Facebook have an office in Argentina for the sole purpose of making sure they pay Argintina taxes on their income?
Unethical? It's 100% legal and the politicians that are responsible for the tax code as written are the first to rail against it... Yet they fail to put forth legislation to change the tax code.
Apparently they prefer having the issue to run on as opposed to fixing the 'problem'.
Let's see if I've got this right:
GM builds a plant in China
They build a car in that plant
They sell that car to a Chinese customer
They turn a profit on the sale of that car... And keeps that profit in China.
Who do they owe taxes to, the Asian country they built and sold the car in, the U.S. Gov't, or both?
Now, different example:
BMW builds a plant in South Catolina
BMW builds a car in that plant in South Carolina
BMW sells that car to a customer in South Carolina
BMW makes a profit on the sale of that car... And keeps the profits in South Carolina.
Who do they owe taxes to? The U.S. Gov't, the German Gov,t, or both?
In the first example, this administration says both... In the second, it's the US only.
How does Facebook make this any better than having it listed on a website? Sure you can click a link to go to another website, or you can just show it inline as an image on the page the is currently being viewed. Is anyone really going to want to spam themselves by having the daily menu coming up in their Facebook feed everyday?
Even as a sardine is just a bird with an altitude problem.
how about replacing the chalkboard with a monitor
The monitor is for Burger King.
The chalkboard the hometown bar and grill or the upmarket tavern
Trust me on this.
I live in a border town which has been successfully cultivating a low-tech exterior to satisfy the tourist trade for 190 years.
Royal Bank of Canada is already incorporated in the US. As are most of the other companies you list, sans most of the Chinese ones (banks, telecoms, and oil companies are State-owned). It would be trivial for them to move their board membership/executives to the US as they are already incorporated in the US.
Alibaba and many of the private Chinese companies are actually based in tax havens like Hong Kong, Bermuda, or Cayman Islands for a reason - to reduce taxation. Most companies are not so loyal as you imply - the actual facts of their incorporation showing as much...
I wonder how the Mystery Goo is going to behave in that orbit.
After Goliath's defeat, giants ceased to command respect. - Freeman Dyson