World hunger could be totally eradicated if the United States ALONE were to reduce it's yearly defence budget by 5%.
Not really. See, there are people already trying to feed hungry children in Africa, Asia, India, but the aid workers keep getting murdered, kidnapped, raped or arrested. The only solution to world hunger is education. And that includes realizing that you should not have children if you cannot support them.
One, India is in Asia, the last time I looked. Two, I must have missed the news that there were lots of aid workers tying to feed hungry children in India (leave alone their getting kidnapped, raped, and arrested).
Talk about a pathetically homogenized and ethnocentric worldview....
as mentioned above this is not what is being investigated, nor is the problem a creation of the eu
the eu investigation into ireland is about this: is the government of ireland giving apple special treatment not in accordance with irish law as applied to any other company
imagine if the us government were to be giving google tax treatment that it did not offer every other company and that was not in accordance with us law
that is the issue being investigated, is the law being applied equally to all, as it should be, or is something else happening
the wider question of how multinationals can exploit tax law to avoid tax is completely different, this will be discussed at the g20 summit later this year, where i'm confident there will be much hot air, even more fine dining, and absolutely no resolution
there've been comments above that "normal" companies can use the same techniques to avoid tax, this is nonsense, how is a small engineering firm going to establish a multinational network of entities and then manage to legally structure that business to allow it?
this degree of tax avoidance is available only to large organizations, it's an unacknowledged subsidy that the governments of pretty much all countries are happy to allow - take note how many people from government end up in well paid consultancies and directorships with multinationals, influence is deep and pervasive
As previously mentioned in this thread, Apple are being investigated for tax evasion. That means that the EU believes, rightly or wrongly, that Apple hasn't followed the law.
Good for them. I guess they get to waste money on nothing.
Originally Posted by GTR
World hunger could be totally eradicated if the United States ALONE were to reduce it's yearly defence budget by 5%.
Give a man a fish…
Originally Posted by GTR
World hunger could be totally eradicated if the United States reduced everyone to 0%.
I’m an expansionist myself, but global genocide is, how we’d say… “a bit much”.
The problem with that theory is the assumption that money can simply be thrown at a problem to fix it, which is patently untrue.
When did money was throw at anyone?
It was the Marshal plan that rebuild Europe after the Big war.
The USA Education BILL after the Big War created its massive Middle class ( Do not forget the USA used to be the most socialist country, it even was the first one to tax the wealth ).
It was the USA federal government that saved Florida from it’s housing crash, a fiscal consolidation that the EU lacks, hence its economic crisis lingers.
Were those plans money thrown, or just good plans?
It was the Marshal plan that rebuild Europe after the Big war.
The USA Education BILL after the Big War created its massive Middle class ( Do not forget the USA used to be the most socialist country, it even was the first one to tax the wealth ).
It was the USA federal government that saved Florida from it’s housing crash, a fiscal consolidation that the EU lacks, hence its economic crisis lingers.
Were those plans money thrown, or just good plans?
I cannot respond simply because I cannot understand the question(s).
Normal companies? If you're talking about local companies, local taxes are still paid.. sales tax, employee income taxes, health, etc. The issue is that ANY international company can pick what country they base funds out of.. and that country gets the taxes..
Issue is. who gets the money? Europe? Germany? huh? What people don't understand, products sold by Apple are already paying local taxes and all we're talking about is the 'profit' repatriation tax... it's not really an easy answer.. because if they just pay everyone.. the mob of meme would tax companies into the ground..
It's all about the repatriation taxes.. USA is at 30% .. which is stupid!!! next highest? 15%.. Canada is under 10%.. This is a global economy, you set the rules, Ireland plays by them keeping a low rate(2%), then you bitch about it? pfffff.. The real issue is leveling the playing field with this rate..
And yet I can see the EU punishing Apple and other companies for following the LAW.. Don't like it, change it.. and yet, they can't.. because they cannot AGREE on enforcing rates on other sovereign nations, killing their right to control their own rates. hahaha! So, here we are, targeting companies and blaming them for political stupidity!
Personally, I think USA should set it to about 10% or less.. but getting congress to do anything these days that makes sense is nearly impossible. We compete against these countries, yet we're at an ego-blown 30%
I'd agree to that if we got rid of any and all loop holes.... and do a cash basis accounting for tax purposes.
Doesn't matter who the messenger is if the facts are accurate. Is his argument logical? The better question would be are his facts wrong? Worrying about the individual is not a counter to a valid argument or concern.
Tax evasion rather than tax avoidance? Interesting...
It is the author's misleading clickbait drama queening. The EU is investigating the deals that allow companies to legally avoid taxes in order to see if they can fix the broken system. No companies are charged with anything.
Comments
The company holds the vast majority of its cash overseas to avoid paying high repatriation tax rates to bring that money back to the U.S.
There is no repatriation and no back to U.S.
That would imply the money had been in the U.S. before and was then brought overseas.
Interesting fact:
World hunger could be totally eradicated if the United States ALONE were to reduce it's yearly defence budget by 5%.
Not really. See, there are people already trying to feed hungry children in Africa, Asia, India, but the aid workers keep getting murdered, kidnapped, raped or arrested. The only solution to world hunger is education. And that includes realizing that you should not have children if you cannot support them.
One, India is in Asia, the last time I looked. Two, I must have missed the news that there were lots of aid workers tying to feed hungry children in India (leave alone their getting kidnapped, raped, and arrested).
Talk about a pathetically homogenized and ethnocentric worldview....
no
as mentioned above this is not what is being investigated, nor is the problem a creation of the eu
the eu investigation into ireland is about this: is the government of ireland giving apple special treatment not in accordance with irish law as applied to any other company
imagine if the us government were to be giving google tax treatment that it did not offer every other company and that was not in accordance with us law
that is the issue being investigated, is the law being applied equally to all, as it should be, or is something else happening
the wider question of how multinationals can exploit tax law to avoid tax is completely different, this will be discussed at the g20 summit later this year, where i'm confident there will be much hot air, even more fine dining, and absolutely no resolution
there've been comments above that "normal" companies can use the same techniques to avoid tax, this is nonsense, how is a small engineering firm going to establish a multinational network of entities and then manage to legally structure that business to allow it?
this degree of tax avoidance is available only to large organizations, it's an unacknowledged subsidy that the governments of pretty much all countries are happy to allow - take note how many people from government end up in well paid consultancies and directorships with multinationals, influence is deep and pervasive
things are not going to change
As previously mentioned in this thread, Apple are being investigated for tax evasion. That means that the EU believes, rightly or wrongly, that Apple hasn't followed the law.
Good for them. I guess they get to waste money on nothing.
Give a man a fish…
I’m an expansionist myself, but global genocide is, how we’d say… “a bit much”.
The problem with that theory is the assumption that money can simply be thrown at a problem to fix it, which is patently untrue.
Of course not, you have to throw food at them.
Destroyer of wealth generated through legal trade. The ruling class never change in human history.
Perhaps IF both you and me were part of the 1%, we would behave the same as they do.
No?
In any trade, when forces are unbalanced, guess who will win?
You get a monopoly.
Greed and illusion of superiority is a human thing.
The problem with that theory is the assumption that money can simply be thrown at a problem to fix it, which is patently untrue.
When did money was throw at anyone?
It was the Marshal plan that rebuild Europe after the Big war.
The USA Education BILL after the Big War created its massive Middle class ( Do not forget the USA used to be the most socialist country, it even was the first one to tax the wealth ).
It was the USA federal government that saved Florida from it’s housing crash, a fiscal consolidation that the EU lacks, hence its economic crisis lingers.
Were those plans money thrown, or just good plans?
LOL!
I cannot respond simply because I cannot understand the question(s).
Interesting fact:
World hunger could be totally eradicated if the United States ALONE were to reduce it's yearly defence budget by 5%.
That's stupid.
The problem with that theory is the assumption that money can simply be thrown at a problem to fix it, which is patently untrue.
Right Wing’s Rubbish.
I cannot respond simply because I cannot understand the question(s).
That was irony!
I did throw facts at you.
Plans that required Millions to resolve HUGE problems.
Why Banks lend ( throw ) money?
The problem with that theory is the assumption that money can simply be thrown at a problem to fix it, which is patently untrue.
That's stupid.
WHY?
You should say that to Aasif Mandvi ( Third World Health Care - Knoxville, Tennessee Edition )
Of course not, you have to throw food at them.
no you have to throw them already prepared food.
Normal companies? If you're talking about local companies, local taxes are still paid.. sales tax, employee income taxes, health, etc. The issue is that ANY international company can pick what country they base funds out of.. and that country gets the taxes..
Issue is. who gets the money? Europe? Germany? huh? What people don't understand, products sold by Apple are already paying local taxes and all we're talking about is the 'profit' repatriation tax... it's not really an easy answer.. because if they just pay everyone.. the mob of meme would tax companies into the ground..
It's all about the repatriation taxes.. USA is at 30% .. which is stupid!!! next highest? 15%.. Canada is under 10%.. This is a global economy, you set the rules, Ireland plays by them keeping a low rate(2%), then you bitch about it? pfffff.. The real issue is leveling the playing field with this rate..
Personally, I think USA should set it to about 10% or less.. but getting congress to do anything these days that makes sense is nearly impossible. We compete against these countries, yet we're at an ego-blown 30%
I'd agree to that if we got rid of any and all loop holes.... and do a cash basis accounting for tax purposes.
The actor/comedian??
Doesn't matter who the messenger is if the facts are accurate. Is his argument logical? The better question would be are his facts wrong? Worrying about the individual is not a counter to a valid argument or concern.
Tax evasion rather than tax avoidance? Interesting...
It is the author's misleading clickbait drama queening. The EU is investigating the deals that allow companies to legally avoid taxes in order to see if they can fix the broken system. No companies are charged with anything.
The actor/comedian??
Really?
Don’t you know what an hyperLink is?