1533
Rich tax. (feddit.org)
submitted 4 days ago by Dot@feddit.org to c/whitepeopletwitter@sh.itjust.works
178 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 3 days 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 days 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 days ago

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

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

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

[-] merc@sh.itjust.works 1 points 2 days ago

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

[-] Wes4Humanity@lemm.ee 1 points 2 days ago

That's correct

this post was submitted on 26 Oct 2024
1533 points (98.6% liked)

People Twitter

5144 readers
763 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.

founded 1 year ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works