1558
Rich tax. (feddit.org)
submitted 11 months ago by Dot@feddit.org to c/whitepeopletwitter@sh.itjust.works
176 comments fedilink hide all child comments

Source.

you are viewing a single comment's thread
view the rest of the comments
[-] merc@sh.itjust.works 4 points 11 months ago

Ok, so every American company becomes the subsidiary of a company registered in Bermuda or Ireland. They report no profits from their American subsidiaries, so they pay no taxes.

Corporations don't have to "live" anywhere, so they don't have anything to lose by ceasing to exist in high tax areas and "moving" to low tax ones. It's why companies based in Kansas City switch back and forth from being Kansas-based or Missouri-based, whatever's convenient for their taxes.

[-] Wes4Humanity@lemm.ee 3 points 11 months ago

If they want to sell their shit in the US they have to allow us to audit them everywhere

[-] merc@sh.itjust.works 1 points 11 months ago

So, they don't sell their shit in the US. Problem solved.

[-] Wes4Humanity@lemm.ee 3 points 11 months ago

Someone will fill their shoes... That's the beauty of the free market

[-] merc@sh.itjust.works 1 points 11 months ago

Let me guess, you're an American who has never lived outside the US?

[-] Wes4Humanity@lemm.ee 1 points 11 months ago

That's correct

this post was submitted on 26 Oct 2024
1558 points (98.4% liked)

People Twitter

8303 readers
2039 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician. Archive.is the best way.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works