The more interesting question is why these guys allow corporations to incorporate in tax friendly states like Delaware, or banks to locate in states like South Dakota with no usury laws. Where's the outrage at the state level?
10 U.S. companies paying the least—or no—taxes (marketwatch.com)
TL;DR:
General Motors (Automotive)
Bank of America (Banking/Finance)
Caesars ("Gaming")
Ameren Corp (Energy)
DR Horton (Builder)
Verizon...
Quote:
Originally Posted by ChristophB
Apple is not a U.S. company in another country but a U.S. citizen is still a U.S. citizen when in another country.
Unless I'm missing your point, Apple was incorporated...
I've never seen a flat tax proposal that wouldn't raise my effective tax rate. But I'm sure it would be great for some people.
Quote:
Originally Posted by sflocal
If an American citizen earns money...
If an American citizen earns money overseas, it's taxable in the US.
If an American corporation earns money overseas, it's not taxable in the US until it's moved into US-based accounts.
Seems like there is a discrepancy there somewhere...
Quote:
Originally Posted by Gazoobee
1) Thieves generally only have "bump keys" in movies.
There are tutorials all over the internet, even videos on yootoob, that show how easy it is...