Originally Posted by hjb
We individuals declare all income worldwide in income tax return in a country of tax residency. Why should this differ to companies? Me not USA citizen either, but I see unfairness here. Why not giving some sort of tax credit for certain types of "global business" for them to be more competitive internationally.
Because you're an INDIVIDUAL, not a BUSINESS. If you want to incorporate outside your native residence and do business that way then you can keep those earnings outside your native country without paying taxes until you bring those funds back into your native country.
What you're suggesting is that any company that sets and up and sells in other nations should move completely out of the US and only do business within the US via a subsidiary or mediator which would reduce this nation's strength even more. This whole notion of being taxed in the country in which you do business and then an additional 35% on the initial earnings for monies that aren't touching the US is fucking ridiculous. This goes for all companies. IBM, McDonald's, MS, Google, Samsung, Qualcomm, etc. Why is this difficult to comprehend?