Some Corporations Pay a Lot More Taxes Than Others • Hacker News Board

Re: Some Corporations Pay a Lot More Taxes Than Others

#61

Post by MarkMc » Tue, Sep 19, 2017, 4:42 PM UTC

grandalf wrote: post #2

This is why corporate taxes are a dumb idea. Firms should not keep one set of books for management accounting and another set that they use for tax purposes. When money is paid to an individual, tax it as income tax. Very simple. Don't give firms an incentive to act as tax shelters or tax avoiders. Think about all the legal fees that have been spent by the firms on that list to avoid and reduce corporate taxes. It's…

Wouldn't that provide an incentive for ultra-wealthy shareholders to move to low-tax jurisdictions like Monaco?

Re: Some Corporations Pay a Lot More Taxes Than Others

#62

Post by grandalf » Tue, Sep 19, 2017, 8:08 PM UTC

MarkMc wrote: post #61

grandalf wrote: post #2

This is why corporate taxes are a dumb idea. Firms should not keep one set of books for management accounting and another set that they use for tax purposes. When money is paid to an individual, tax it as income tax. Very simple. Don't give firms an incentive to act as tax shelters or tax avoiders. Think about all the legal fees that have been spent by the firms on that list to avoid and reduce corporate taxes. It's…

Wouldn't that provide an incentive for ultra-wealthy shareholders to move to low-tax jurisdictions like Monaco?

It would be easy enough to pass a law requiring tax payments on dividends paid out to be sent in by the firms, and for such payments to be required regardless of the nationality or location of the investor, in much the same way that firms are required to collect income tax payments on behalf of employees.

Re: Some Corporations Pay a Lot More Taxes Than Others

#63

Post by danmaz74 » Tue, Sep 19, 2017, 8:39 PM UTC

grandalf wrote: post #41

danmaz74 wrote: post #35

Earlier quoted context omitted.

"So be it", you say. In other words, average people will need to pay those taxes, instead of very rich people that don't even care about getting dividends. Seems fair to me.

Not sure what you are talking about. What taxes?

The taxes that, according to you, should only be paid by individuals and not by corporations - thus allowing rich individuals to postpone paying taxes as long as they want, and forcing not-so-rich individuals to cover what's missing.

Re: Some Corporations Pay a Lot More Taxes Than Others

#64

Post by mabbo » Thu, Sep 21, 2017, 12:06 PM UTC

quuquuquu wrote: post #19

mabbo wrote: post #16

Earlier quoted context omitted.

The most surprising thing about Amazon lately is that it suddenly is showing some profits. Normally, Bezos has every single dollar that looks like it might be a profit re-invested in something or other.

Maybe he wants to prop up that share price so he can become the world's richest man again :) Amazon is expanding really heavily into so many verticals. It is crazy to see. I don't think they will stop the spending, but maybe they felt like showing a small profit for some kind of "investor confidence" strategy :)

You have it backwards- he only became the world's richest man by showing those profits. Something like 7 or 8 quarters in a row with profits is very weird for the company.

Re: Some Corporations Pay a Lot More Taxes Than Others

#65

Post by affiliate12 » Sat, Sep 23, 2017, 2:01 PM UTC

tasty_freeze wrote: post #51

flachsechs wrote: post #46

Earlier quoted context omitted.

they're already doing it, so this isn't much of a 'what if'. the problem is that money is kept offshore and never spent, because it's at risk of getting taxed immediately upon repatriation.

my understanding is that is absolutely not true. Apple doesn't have $90B or whatever sitting in a bank vault in Ireland. That money goes to a bank in NY, and Apple has access to it and uses it, though that money can't be used freely as money which Apple has paid US taxes on. It is still part of the economy. https://www.bloomberg.com/graphics/2016-apple-profits/

nice .... http://affiliateclues.com/