351–360 of 537 posts
Earlier quoted context omitted.
Yeah the latter sucks because as a resident I can’t even start a business here. I have to jump through hooves like Estonia’s e-residency program to just publish an app.
The expression is "jump through hoops". Sorry to nitpick.
jumping through literal hooves would be hilarious.. lol
Earlier quoted context omitted.
No but I also don't set up a pretend subsidiary in Ireland that owns my intellectual property and pays me dividends for my freelance work. To pretend that they didn't go above and beyond to avoid paying taxes is lunacy.
Did apple actually do that? Do you have a source for Apple licensing tech from Ireland?
http://fortune.com/2013/05/20/meet-aoi-apples-mysterious-iri...
Earlier quoted context omitted.
What about Walmart also increasing their hourly pay? [0] [0] - https://www.cnbc.com/2018/01/11/walmart-to-boost-starting-wa...
Imagine if personal income taxes were drastically lowered instead? then, walmart could keep the same pay, but ALL its customers (not just its employees) now have more take home pay to spend at walmart.
Earlier quoted context omitted.
Yes, that is correct but since the US had until recently the highest corporate tax in the OECD, the US corporation will would almost always pay more taxes on German income than a German corporation would on German it’s German income. Giving the US corporation a systematic disadvantage unless they kept the money out of the US. But all this has now changed.
> What is little known about this tax bill > But all this has now changed I live in Australia. As a casual outside observer, can you inform me as to whether this tax bill has passed in to legislation, or is likely to?
Earlier quoted context omitted.
> So what say what you will about the current administration, they managed to get something done that even some of the most tax-hungry politicians in the nation previously failed to do. This is not terribly unique. We had a very similar (slightly more generous) repatriation tax holiday during the Bush Administration, in 2004.
It's been 14 years, which included 8 years of tax-hungry Democratic rule. So it is at least somewhat unique.
Earlier quoted context omitted.
> I get your point. Only caveat is corporations also create jobs and pay their workers, but you and I as individuals do not. That's like saying the wheat creates work for the mill to make flour. You can't have one without the other. Can we just get rid of the ridiculous notion that corporations provide more than the workers doing the actual work ?
> Can we just get rid of the ridiculous notion that corporations provide more than the workers DOING THE ACTUAL WORK? Why is this a ridiculous notion?
Earlier quoted context omitted.
Some people make the (good? I don't know) argument that corporate taxes are distortionary anyways, and shuffling that tax burden over to income has the same effect with fewer side effects.
I think people like corporate taxes because people only have a vague idea of where the incidence actually falls. Clearly, at the end of the day, corporate taxes take money out of the pockets of business owners/shareholders, employees, and customers in some proportion, but no one's really sure what it is. Taxes that you're obviously paying are unpopular, whereas taxes it feels like "someone else" is paying are less un…
Of cours, in the real world, you likely work for a corporation, and the retired Teachers in California are collectively one of the biggest owners of companies in the US [1].
Earlier quoted context omitted.
This is #fakenews. Walmart did not fire employees, Sam's club a separately owned subsidiary did, mainly because the Sam's club business is not doing well and had to make hard decisions. It is widely accepted that Walmart had no idea Sam's club was going to do the round of layoffs when they announced their wage increase and bonuses. Also, thinkprogress really should not be cited as a source of quality unbiased news.
> This is #fakenews. Please don't; it breaks the HN guideline against name-calling in arguments. Your comment would be fine without the first, and perhaps also the last, sentence. https://news.ycombinator.com/newsguidelines.html
Earlier quoted context omitted.
I would not consider taxes to be “punitive.” Taxes aren’t punishment. They are much more like a membership fee.
I think it's fine to view taxes that way, but we should also realize that to a business taxes are a cost to be minimized. No for-profit business willingly conducts their affairs to maximize taxes. We live in a rules based system and the rules should be designed to incentivize the behaviors we want. Expecting any business to deviate from whats in their best interest is just... out of touch with reality.
Earlier quoted context omitted.
We currently get $0 in tax revenue from the cash Apple is hoarding overseas. This tax “holiday” (a term I dislike because it incorrectly implies that no tax is being paid on the repatriation, when it is simply a reduced rate) is resulting in $38 billion that we would not have otherwise received. $38,000,000,000 > $0
If you or I decided we just didn't like the tax rate that applied to us and didn't pay our taxes for decades at a time on income we made overseas, what do you think would happen? Corporations are treated as people only when it's convenient. You and I don't have high-powered lawyers, lobbyists, loopholes, offshore accounts, subsidiaries, etc to hide behind. This is an insult to every U.S. citizen...Apple wouldn't exis…
