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Rich tax. (feddit.org)

submitted 1 month ago by Dot@feddit.org to c/whitepeopletwitter@sh.itjust.works

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[–] merc@sh.itjust.works 4 points 1 month ago (1 children)

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 1 month ago (1 children)

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 1 month ago (1 children)

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

[–] Wes4Humanity@lemm.ee 3 points 1 month ago (1 children)

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

[–] merc@sh.itjust.works 1 points 1 month ago (1 children)

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

[–] Wes4Humanity@lemm.ee 1 points 1 month ago

That's correct