|
|
Apple found a way to do this. Ireland determines tax residence by location of corp HQ, the US by location of incorporation.
1. Incorporate in Ireland
2. Hold board meetings in CA
3. ??????
4. Tax-free profit!!!
Small corps are already taxed this way.
I agree. Having corporations pay taxes distorts the political system as well as forcing corporations to make decisions based on non-economic factors.
Stop taxing corporations and raise taxes on money transferred from corporations to individuals.
This would put an end to corporates lobbying politicians over taxes and the inevitable corruptions it engenders. It also means you won't have corporations locating based on tax venue shopping and other stupid such activities.
Heck maybe we can even get a better resolution of Citizen's United as a result of this.
Oh give me a break. Facebook doesn't even have a billion dollars in earnings.
There is no way they are avoiding billions in taxes.
Econ 101 Epic Fail.
The US market is still 40% of the world market. In one country. Is the market for any other country as large?
I thought not.
Congress is in an uproar over a situation caused by the low quality of their own work. Apple established a subsidiary incorporated in Ireland with operating HQ in Cupertino.
Well under US law a company location is deemed to be where it is incorporated. EVERY OTHER country holds it to be where the headquarters is. So this operation as far as Ireland is concerned is a US company, and as far as the US is concerned is a Irish company.
This means it doesn't have to file taxes ANYWHERE.
All it would take is some reasonable tax codes to prevent these shenanigans. But NoooOOooo.
So now we get the Congress holding a circus to excoriate Apple. But really the fault is their own.
It is so ironic that the Red States are also the welfare states.
I mean if they were serious about their political views they should refuse all Federal aid and assorted earmarks.
40 million power bill.
The power bill on the Titan is 9 million.
So about 4 computers the size of the Titan.
I doubt if that's enough to capture the whole internet.
A new machine?
So my pencil becomes a new machine depending on what I do with it?
Ho boy imagine how many patents I'm going to have!
In soap really there isn't any evidence that it has a positive effect. Soap itself is a disinfectant, and triclosan isn't known to improve the effect. There is no reason to have triclosan in soap.
However triclosan in toothpaste really does prevent gingivitis.
The question is whether or not there are unintended consequences. I'm skeptical - too many of these studies are not reproducible, such as in the case of bisphenol-a.
Tax collectors have always been hated and feared.
Goes with the territory. For all recorded history.
--------
The deil cam fiddlin' thro' the town,
And danc'd awa wi' th' Exciseman,
And ilka wife cries, "Auld Mahoun,
I wish you luck o' the prize, man."
Chorus-The deil's awa, the deil's awa,
The deil's awa wi' the Exciseman,
He's danc'd awa, he's danc'd awa,
He's danc'd awa wi' the Exciseman.
We'll mak our maut, and we'll brew our drink,
We'll laugh, sing, and rejoice, man,
And mony braw thanks to the meikle black deil,
That danc'd awa wi' th' Exciseman.
The deil's awa, &c.
There's threesome reels, there's foursome reels,
There's hornpipes and strathspeys, man,
But the ae best dance ere came to the land
Was-the deil's awa wi' the Exciseman.
- Robert Burns
The article you linked to is what is bullshit.
The recession ended in 2009.
http://www.washingtonpost.com/wp-dyn/content/article/2010/09/20/AR2010092006355.html
A logical conclusion? Supported by what logic? The act that you describe is quite illegal and is not covered by the Citizen's United decision.
> They're using lobbyists to to get to government grants on the one hand and shady accountants to effectively launder their cash on the other.
If British citizens object to what Amazon is doing they are free to change the tax laws.
Blaming Amazon for the results of the UKs laws and government polices is complete rubbish.
Google, Apple and Amazon are not doing anything wrong. They are in business to make money for their stockholders of which many I bet are UK citizens. In some jurisdictions they are legally REQUIRED to operate their enterprises to the best legal advantage of their stockholders.
Those UK citizens pay taxes on the dividends and capital gains they realize from owning stock in these companies. Not only that but these companies provide extremely useful services to UK citizens thereby enriching their lives.
They ALSO employ many people who ALSO pay taxes on their wages, and by being employers relieve the state from having to pay for the upkeep of these people who would otherwise be on the dole.
Not only that but there are other taxes on value added transactions that result from the economic activities involved. Consumption based taxes are generally viewed to have the least negative impact on economic growth of any taxes.
Then of course there is the whole question of the macroeconomics of the situation. It is generally held that taxes on businesses are inefficient in terms of encouraging economic growth. Such policies are not productive overall to the economy. This is why business taxes in Europe are generally relatively low. It is conscious sound policy decision based on scientific analysis of the economic facts.
http://ec.europa.eu/europe2020/pdf/themes/02_taxation.pdf
In other words this is a completely RUBBISH article in every way possible.
The only cultural advantage LA has over NY is that you can make a right turn on a red light. -- Woody Allen