Post by whereiwant2b on Sept 2, 2016 15:52:52 GMT
finance.yahoo.com/news/apple-became-master-stateless-income-000000024.html
This article is basically about Apple finding a way to avoid corporate taxes at all by creating an entity to house their profits that doesn't exist so is not in anyone's jurisdiction for taxing. Voilà- no taxes. What really was irritating though was the commentor's statement that the only real solution was to get all countries to come up with sone sort of unified tax policy so there would be no advantage in corporations picking liw tax venues-
"Regulators may feel emboldened by populist uprisings against corporate privilege in both Europe and the United States. So more assaults on corporate tax schemes may be coming. And Apple has already changed some of its Irish arrangements, following bad publicity arising from a Senate hearing in 2013.
But real reform would require tax rates more closely aligned among the world’s developed nations, and comparable rules so that no one nation stands out as a tax haven. International organizations such as theOECD are working on it. But political agreements among nations with many different interests are notoriously difficult, and corporations are ingenious at exploiting regulatory gaps. It may actually be what they do best."
Sheesh. That would be very convenient for internationals, maybe even governments but not even faintly necessary. It is just another one world fantasy where somehow the US is to provide all the wherewithal but negotiate the benefits away. The whole idea that our government must not ruffle the feathers of such corporations lest they take their business elsewhere is nonsense. They use our courts, lobby to have government address their wants, use our universities for research, sell to us, etc. They are not going to "go elsewhere" any more than our own government has already made it convenient for them to do so.
What is necessary is simply to align our own tax regulations for our own advantage then let the internationals figure out how to make it work for them. Which is what they will instantly do.
This article is basically about Apple finding a way to avoid corporate taxes at all by creating an entity to house their profits that doesn't exist so is not in anyone's jurisdiction for taxing. Voilà- no taxes. What really was irritating though was the commentor's statement that the only real solution was to get all countries to come up with sone sort of unified tax policy so there would be no advantage in corporations picking liw tax venues-
"Regulators may feel emboldened by populist uprisings against corporate privilege in both Europe and the United States. So more assaults on corporate tax schemes may be coming. And Apple has already changed some of its Irish arrangements, following bad publicity arising from a Senate hearing in 2013.
But real reform would require tax rates more closely aligned among the world’s developed nations, and comparable rules so that no one nation stands out as a tax haven. International organizations such as theOECD are working on it. But political agreements among nations with many different interests are notoriously difficult, and corporations are ingenious at exploiting regulatory gaps. It may actually be what they do best."
Sheesh. That would be very convenient for internationals, maybe even governments but not even faintly necessary. It is just another one world fantasy where somehow the US is to provide all the wherewithal but negotiate the benefits away. The whole idea that our government must not ruffle the feathers of such corporations lest they take their business elsewhere is nonsense. They use our courts, lobby to have government address their wants, use our universities for research, sell to us, etc. They are not going to "go elsewhere" any more than our own government has already made it convenient for them to do so.
What is necessary is simply to align our own tax regulations for our own advantage then let the internationals figure out how to make it work for them. Which is what they will instantly do.
