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Didn't happen with Apple did it? Apple dumped a bunch of cash into a shell subsidiary in Ireland (it wasn't sellng 64% of its phones there, but that's where its cash went), paid a minimum foreign tax rate in Ireland, and paid nothing on the income here. Further, since Apple is stingey with diividends, the US didn't even get to tax that (which by the way are taxed so low that essentially this shell game allows earned corporate income to be transmuted in low rate dividend income).
Tax global income and the shell game will stop.
In contrast, if Apple really can sell more phones in Ireland and wants to pull up stakes and move there, let them. It ain't going to happen.
This is the difference between real ecnomomic activity and the vast amount of transactions that have no economic purpose but to avoid taxes. With many large corporations, most of their energy is spent not in making real goods and services, but in avoiding paying taxes. It's inefficient and the real economy suffers.
Hell even Reagan understood that when he reformed the 1986 tax code to get rid of tax shelters, separating passive and active income.
They don't need to sell all their phones in Ireland to move there. ireland, like most countries in the world, are not dumb enough to tax income earned by its corporate residents outside of the country.
And again, since the dumb proposal in this thread is that Apple is wrong in doing what it is doing and the US govenrment should change the law to confiscate that wealth reagrdless of whether it is patriated in your jurisdiction, you need to actually think though how this change in the status quo might impact on corporate decision making. Thus far, you are steadfastly refusing to do that.