Individuals are subjected to "alternative minimum tax". Why not corporations?
Cause they're not people. Oh wait...
Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
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Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#22Individuals are subjected to "alternative minimum tax". Why not corporations?
Because individuals don’t have the ability to author the tax code like corporations do.
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#23Large multinational Corp takes advantage of legal tax loopholes. Nothing new here.
You forgot the added icing of "new kid on the block company wanting to disrupt the world uses good old scam technology to evade taxes". Gotta give credit to travis, we all appreciate respect for traditions
It has also managed to:
- avoid taxi regulation and taxes by claiming it is not a taxi operator
- avoid other taxes by claiming its employees are independent contractors
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#24Individuals are subjected to "alternative minimum tax". Why not corporations?
Individuals can't pretend to be based in Ireland to not pay US taxes. US taxes global individual income, but not global corporate profits.
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#25Lol of course Uber did it. If not them then whom?
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#26Earlier quoted context omitted.
You forgot the added icing of "new kid on the block company wanting to disrupt the world uses good old scam technology to evade taxes". Gotta give credit to travis, we all appreciate respect for traditions
It has also managed to: - avoid taxi regulation and taxes by claiming it is not a taxi operator - avoid other taxes by claiming its employees are independent contractors
I hate to say this but I really wish harm on this company. Whatever hacker group decides to have fun with them will bring me great joy.
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#27Earlier quoted context omitted.
While that is true (depending on the jurisdiction), I find it weird that this is so readily acceptable when talking about a corporation when all of us are taxed on our income before it even reaches our bank account.
If it's more fair to tax profits than revenues, we should be advocating for individuals to be treated in the more fair way, rather than advocating for corporations to be treated in the less fair way, don't you think? Besides, corporations generally have outside sources of funding other than income, while people generally don't. Thus corporations can run at a deficit, sometimes for a long time, while they figure out h…
> Besides, corporations generally have outside sources of funding other than income, while people generally don't
What do you think credit cards and mortgages are?
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#28Earlier quoted context omitted.
If it's more fair to tax profits than revenues, we should be advocating for individuals to be treated in the more fair way, rather than advocating for corporations to be treated in the less fair way, don't you think? Besides, corporations generally have outside sources of funding other than income, while people generally don't. Thus corporations can run at a deficit, sometimes for a long time, while they figure out h…
> Besides, corporations generally have outside sources of funding other than income, while people generally don't What do you think credit cards and mortgages are?
Completely different from a VC firm giving you $100 million in exchange for some equity with the understanding that they just might lose it all and get nothing back.
What do you think a tax deduction for mortgage interest is, if not a way to avoid taxing individuals on part of their revenue?
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#29Earlier quoted context omitted.
While that is true (depending on the jurisdiction), I find it weird that this is so readily acceptable when talking about a corporation when all of us are taxed on our income before it even reaches our bank account.
If it's more fair to tax profits than revenues, we should be advocating for individuals to be treated in the more fair way, rather than advocating for corporations to be treated in the less fair way, don't you think? Besides, corporations generally have outside sources of funding other than income, while people generally don't. Thus corporations can run at a deficit, sometimes for a long time, while they figure out h…
Individuals are broadly taxed like companies in most western countries, it just turns out that most individuals don't actually incur many expenses in producing their income.
Re: Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue
#30It’s crazy that we’re at the point of such massive globalization that sophisticated companies can literally play different business/tax laws of countries off of each other