Comment Re:It's normal (Score 1) 143
I know perfectly well what they do, and what the think tanks say that they do. And yes, tax avoidance is not only ethical but is the fiduciary obligation of good management. Tax evasion, on the other hand, is illegal.
Personally, I believe that the US (or any other nation) pretending to tax for profit generated in another country and which already paid taxes, is absolutely unethical. That was not a US activity. That is why they create holding companies, so they can get the profit (after paying taxes in each generating country) without being taxed again.
Also, there's a reason that there is tax rules on transfer prices. The corporate holding entity can not charge whatever for the IP and such. There is a very strict framework on how much and which concepts they can charge. And again, each state will receive taxes for the actual activity done in each country. Let's not forget that 90% of the revenue is taxed income for other people.
And the possibility of avoiding taxes is what keeps politicians from taking it all. After all, the corporations and professionals who are actually creating wealth. Politicians are just taking it away.