• 0 Posts
  • 56 Comments
Joined 2 years ago
cake
Cake day: June 12th, 2023

help-circle


  • Companies can and do move their IP.

    It doesn’t impact their existing cash resources but they can ensure future cash flows are taxed less. There was a reason the Ireland Dutch sandwich became really popular and how Apple has lots of cash it can’t really use without paying tax on it.






  • kunaltyagi@programming.devto196@lemmy.worldTaxation Rule
    link
    fedilink
    arrow-up
    2
    arrow-down
    1
    ·
    13 days ago

    Unless you make sure to tighten loopholes, people can put their net worth in other legal entities like trusts, leave the country, or both.

    Tighten the tax code first, then tax the rich. No point in those weirdos (ppl and companies) moving to Dubai or Switzerland or Ireland