AliHajiSheik
DP Veteran
- Joined
- Aug 27, 2012
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No individual has any choice in the matter. No little person has any choice in the matter over whether they get to pay taxes and how. They can't simply tell the government to eat a bag of ****, because the IRS will go after them with zeal. So if I have to take my job overseas, then I'll be paying twice no matter what.
A multinational corporation? Well, as per usual, they're super-citizens with super-rights. So not only have they been able to hide the money over seas without violating the IRS' code, they can actually sit down with the IRS and demand a tax holiday. And because our government is owned by multinational corporations, they'll almost certainly eventually get it.
You won't quite be taxed twice, but yes, you may be taxed by two national governments. As a USCitizen, much of the taxes you pay to a foreign govt are US tax deductible on top of about $100k deduction on your wages. Similar concept with multinational corporations. They made money and paid the taxes to all the relevant national, state and local jurisdictions. This money wasn't earned here and the complaint is that it is only taxed here once it is repatriated for which there is no requirement to do so.
A tax that most other countries do not levy so their control of government is pretty weak in this case.
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