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Rich tax. (feddit.org)
submitted 3 months ago by Dot@feddit.org to c/whitepeopletwitter@sh.itjust.works
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[-] merc@sh.itjust.works 4 points 3 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 3 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 3 months ago

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

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

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

[-] merc@sh.itjust.works 1 points 3 months ago

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

[-] Wes4Humanity@lemm.ee 1 points 3 months ago

That's correct

this post was submitted on 26 Oct 2024
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