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(Bloomberg)   Google goes Double Irish and orders a Dutch Sandwich while suing the IRS. That's just nasty   (bloomberg.com) divider line 9
    More: Interesting, Google, IRS, Double Irish, U.S. Tax Court, Pretax, Securities and Exchange Commission  
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2420 clicks; posted to Business » on 09 Feb 2013 at 8:30 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-09 09:08:22 AM
Who pays statutory rates? Suckers. We put in so many exemptions, and allow so many accounting tricks, I'm surprised we collect any taxes at all.
 
2013-02-09 10:05:40 AM
I thought it was pretty straight forward.

You setup a company in a country with favorable tax laws conduct overseas operations and pay the parent corporation royalties at a much lower tax rate than having the parent corporation take profits directly.

I suspect that half of the tax code exists to give accountants material for autoerotic sessions.
 
2013-02-09 10:55:21 AM

wildcardjack: I thought it was pretty straight forward.

You setup a company in a country with favorable tax laws conduct overseas operations and pay the parent corporation royalties at a much lower tax rate than having the parent corporation take profits directly.

I suspect that half of the tax code exists to give accountants material for autoerotic sessions.


You dont even have to set up an offshore company if all you do is export. Set up an IC-DISC.

Parent co pays IC commissions. IC-DISC turns commissions into dividends.

Bit more complicated than that, but instant tax savings of up to 19%.
 
2013-02-09 11:25:26 AM
Tax a company based on their total market capitalization.  That'll fix this nonsense.
 
2013-02-09 12:48:22 PM
I want my employer to send my paycheck to a bank in Ireland at the pretax rate. Then I will cash checks from a subsidiary in the Virgin Islands.

People are Corporations too my friend!
 
2013-02-09 01:11:30 PM
Can't say I'm surprised. Google has been looking for inside (the US) handouts from outside (the US), to which every government has responded "Do you think we're Dubya?" To which Google responded that they'd cut access to all Google owned web sites within each said country.

Every country responded with: "You're the online dollar store. STFU and if you don't GBTW, you'll be replaced immediately."
 
2013-02-09 04:38:26 PM
And that's why your country has a multi-trillion-dollar debt, America!
 
2013-02-10 01:08:38 PM

NewWorldDan: Tax a company based on their total market capitalization.  That'll fix this nonsense.


Do you want ANY companies left registered in the US?
 
2013-02-10 01:13:51 PM
Seriously - the Government can get sales tax where a company sells its goods/ services; employment taxes where in employs people; income tax when it pays dividends; and capital gains taxes when shareholders sell their holdings.

Corporation tax to be charged where the company sticks its brass plaque? Any Martian tax advisor would reckon that's a pretty dumb concept. Who'd have thought brass plaques could move to the Bahamas?
 
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