And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
And let’s not forget the UK Labour and LibDem politicians (well those that survived the recent Conservative election landslide) and their spouses who make use of the same loopholes.
About time. Most of the world's wealth goes to the top tier of these companies. Funding of politicians who have created tax laws which legally get these corporations pay little to zero tax (Amazon) on their vast income. This has to stop. We all pay taxes somewhere between 20-40% because taxes keep our society, cities, and states going. This fall look carefully at your state and city elected officials and their voting history in regards to giving the wealthiest Americans a free pass on April 15th. Your burden will be lighter if tax laws were fair and the wealthiest will still be plenty wealthy but you children will have better schools.
And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
We all know the answer to that one.
Call me crazy but how about we just have a consumption tax? The more you consume the more you pay. No loopholes. No bureaucrats to 'manage' the complex tax laws. No accountants creatively figure out ways around the complex tax laws, and no lawyers to defend them when they do.
Too simple?
Yes too simple IMO. The poor and middle class will pay the lion's share of taxes while the rich and ultra-rich will largely avoid taxes altogether, relatively speaking. Yet another regressive tax on top of existing ones like sales tax and property tax. Those have no relationship between income and taxes, and a consumption tax wouldn't either.
I suppose if you advocate the rich getting richer it sounds like a perfect plan.
Yep I'm all for people keeping their own hard owned money. I guess that makes me part of the evil rich. Look the poor are poor. They don't consume. Therefore their taxes will be considerably lower than people who have money and spend it. spice-boy said:
About time. Most of the world's wealth goes to the top tier of these companies. Funding of politicians who have created tax laws which legally get these corporations pay little to zero tax (Amazon) on their vast income. This has to stop. We all pay taxes somewhere between 20-40% because taxes keep our society, cities, and states going. This fall look carefully at your state and city elected officials and their voting history in regards to giving the wealthiest Americans a free pass on April 15th. Your burden will be lighter if tax laws were fair and the wealthiest will still be plenty wealthy but you children will have better schools.
And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
We all know the answer to that one.
Call me crazy but how about we just have a consumption tax? The more you consume the more you pay. No loopholes. No bureaucrats to 'manage' the complex tax laws. No accountants creatively figure out ways around the complex tax laws, and no lawyers to defend them when they do.
Too simple?
you are talking about sales tax which already exists. Super rich have ways around that too, I know because my business supplies to their suppliers and shipping out of the state of sale eliminates that tax.
Income tax has been around 100 years and is one of the biggest contributor to the raise in the quality of life for most Americans.
Not if the consumption tax (not sales tax) is applied unilaterally. EVERYONE pays no matter where they buy. StrangeDays said:
About time. Most of the world's wealth goes to the top tier of these companies. Funding of politicians who have created tax laws which legally get these corporations pay little to zero tax (Amazon) on their vast income. This has to stop. We all pay taxes somewhere between 20-40% because taxes keep our society, cities, and states going. This fall look carefully at your state and city elected officials and their voting history in regards to giving the wealthiest Americans a free pass on April 15th. Your burden will be lighter if tax laws were fair and the wealthiest will still be plenty wealthy but you children will have better schools.
And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
We all know the answer to that one.
Call me crazy but how about we just have a consumption tax? The more you consume the more you pay. No loopholes. No bureaucrats to 'manage' the complex tax laws. No accountants creatively figure out ways around the complex tax laws, and no lawyers to defend them when they do.
Too simple?
Yes too simple IMO. The poor and middle class will pay the lion's share of taxes while the rich and ultra-rich will largely avoid taxes altogether, relatively speaking. Yet another regressive tax on top of existing ones like sales tax and property tax. There is no relationship between income and taxes.
I suppose if you advocate the rich getting richer it sounds like a perfect plan.
Agreed; in such a scenario those who have to spend more of their income on essential consumption pay an unfair tax burden ratio compared to the wealthy who do not live so close to the wire. Not a good idea and has been debunked.
There are people who debunk the iPhone. Does that mean Apple should cancel it? This is the beauty of the consumption tax. You don't purchaser anything you don't pay a tax. Perfect idea because now EVERYONE pays and no one doesn't. Now that EVERYONE pays EVERYONE will start paying attention to how government spends the money it collects.
Why is this so hard for socialists/communists to figure out?
Please provide the definition of what socialism is? Is Social Security socialism? Do you plan on being a socialist when you retire and get you benefits? Is social security a good or bad thing? You throw around terms you that have no clue to their real world meaning.
You’re hyperventilating. I paid into social security, to the max, for over three decades. I have a contract with my government who taxed me to get that payment directly out of my paycheck.
I am DAMN WELL owed every cent of that contractual obligation from my government. It’s an amount far less than what I could have got if I had invested it instead. I am subsidizing others who are less well off than me (which is fine by me).
The US is still pushing for "safe harbor" policies, tho they are stopping short of defining precisely what that means. It will make talks a lot tougher and take much longer. It is entirely possible almost certain that the US and EU will fail to come to an agreement and they go their own way at implementing a digital tax on Apple and Google and Amazon et.al. apart from a worldwide policy stance on sales of hard goods, profits, and tax obligations by way of intellectual property transfers.
Fixed that for you.
The U.S., since the advent of the Tea Party, has been on an anti-tax of any sort -- but especially so when it impacts U.S. corporate and well-to-do interests.
It's a welcome change, sure you can decry all these companies, but if they're following the "rules", then it's the rules that need to change. Otherwise each company is arbitrarily making up their own ideas for whom they should be paying tax. And let's be frank, all of these countries want reasons for the tax to land in their pocket rather, so without clarity there will always be conflicts in interpretation, these rules need to come the top.
I want to have an important part of my huge salary as waiter in a restaurant taxed in Ireland as I’ve come up with my dream job idea in a pub in Dublin. But the taxman does not accept my BEPS argument. Sad, but the law is not equal for all.
I don't think you understand the intent of these proposed laws.
Currently a company can operate and raise revenue in one country while choosing a tax haven country in order to save tax dollars. The effect is: the country where the company is operating gets NO tax revenue while the tax haven country simply pulls in free cash that would normally have gone to the other country.
Yes, depending on how the rules are designed and impemented, like any tax, it could unfairly penalize low income workers -- but that is not its primary intent. It is instead to force a company to pay its taxes where it does business and raises its revenue instead of hiding it in a tax haven somewhere.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
Good luck. The people who decide to impose more taxes.... want more taxes, not less.
But, the intent here is not for more taxes -- but that their taxes are paid where and to whom they should be paid. For example: If a company is operating and raising revenue in France it should be paying its taxes on that business to France rather than to, for example, Ireland or the Cayman Islands.
The U.S. would not be happy if a Chinese company was operating here and raising its revenue here -- but paying its taxes to China. If it was selling cars or phones existing, long standing laws would take care of that. But existing laws simply don't work when the product is an electronic cyber product delivered across national boundaries.
Basically, the intent here is simply to bring the laws up to date to match modern reality. (Of course the end result will depend on how they are designed and implemented).
Income tax has been around 100 years and is one of the biggest contributor to the raise in the quality of life for most Americans.
I'd like to see how you have come to the conclusion. Income Tax largely raises the quality of life for the special interests and the lazy.
That is true. But only because we, the voters, have enabled special interests to manipulate our tax laws for their own benefit and stick the middle and lower classes with the bill.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
Ha ha... These laws are probably going to be tailored by corporate lobbyists to make it look good, while benefitting the same corporations using the current loopholes to pay no tax (and get REFUNDS on top of it).
About time. Most of the world's wealth goes to the top tier of these companies. Funding of politicians who have created tax laws which legally get these corporations pay little to zero tax (Amazon) on their vast income. This has to stop. We all pay taxes somewhere between 20-40% because taxes keep our society, cities, and states going. This fall look carefully at your state and city elected officials and their voting history in regards to giving the wealthiest Americans a free pass on April 15th. Your burden will be lighter if tax laws were fair and the wealthiest will still be plenty wealthy but you children will have better schools.
And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
We all know the answer to that one.
Call me crazy but how about we just have a consumption tax? The more you consume the more you pay. No loopholes. No bureaucrats to 'manage' the complex tax laws. No accountants creatively figure out ways around the complex tax laws, and no lawyers to defend them when they do.
Too simple?
Yes too simple IMO. The poor and middle class will pay the lion's share of taxes while the rich and ultra-rich will largely avoid taxes altogether, relatively speaking. Yet another regressive tax on top of existing ones like sales tax and property tax. Those have no relationship between income and taxes, and a consumption tax wouldn't either.
I suppose if you advocate the rich getting richer it sounds like a perfect plan.
Yep I'm all for people keeping their own hard owned money. I guess that makes me part of the evil rich. Look the poor are poor. They don't consume. Therefore their taxes will be considerably lower than people who have money and spend it. spice-boy said:
About time. Most of the world's wealth goes to the top tier of these companies. Funding of politicians who have created tax laws which legally get these corporations pay little to zero tax (Amazon) on their vast income. This has to stop. We all pay taxes somewhere between 20-40% because taxes keep our society, cities, and states going. This fall look carefully at your state and city elected officials and their voting history in regards to giving the wealthiest Americans a free pass on April 15th. Your burden will be lighter if tax laws were fair and the wealthiest will still be plenty wealthy but you children will have better schools.
And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
We all know the answer to that one.
Call me crazy but how about we just have a consumption tax? The more you consume the more you pay. No loopholes. No bureaucrats to 'manage' the complex tax laws. No accountants creatively figure out ways around the complex tax laws, and no lawyers to defend them when they do.
Too simple?
you are talking about sales tax which already exists. Super rich have ways around that too, I know because my business supplies to their suppliers and shipping out of the state of sale eliminates that tax.
Income tax has been around 100 years and is one of the biggest contributor to the raise in the quality of life for most Americans.
Not if the consumption tax (not sales tax) is applied unilaterally. EVERYONE pays no matter where they buy. StrangeDays said:
About time. Most of the world's wealth goes to the top tier of these companies. Funding of politicians who have created tax laws which legally get these corporations pay little to zero tax (Amazon) on their vast income. This has to stop. We all pay taxes somewhere between 20-40% because taxes keep our society, cities, and states going. This fall look carefully at your state and city elected officials and their voting history in regards to giving the wealthiest Americans a free pass on April 15th. Your burden will be lighter if tax laws were fair and the wealthiest will still be plenty wealthy but you children will have better schools.
And lets not forget the UK Conservative politicians who make use of the same loopholes, while tutting at the likes of Starbucks, Amazon, Google and Apple.
Great! Does that mean people will pay less in taxes now that tech companies are paying more?
We all know the answer to that one.
Call me crazy but how about we just have a consumption tax? The more you consume the more you pay. No loopholes. No bureaucrats to 'manage' the complex tax laws. No accountants creatively figure out ways around the complex tax laws, and no lawyers to defend them when they do.
Too simple?
Yes too simple IMO. The poor and middle class will pay the lion's share of taxes while the rich and ultra-rich will largely avoid taxes altogether, relatively speaking. Yet another regressive tax on top of existing ones like sales tax and property tax. There is no relationship between income and taxes.
I suppose if you advocate the rich getting richer it sounds like a perfect plan.
Agreed; in such a scenario those who have to spend more of their income on essential consumption pay an unfair tax burden ratio compared to the wealthy who do not live so close to the wire. Not a good idea and has been debunked.
There are people who debunk the iPhone. Does that mean Apple should cancel it? This is the beauty of the consumption tax. You don't purchaser anything you don't pay a tax. Perfect idea because now EVERYONE pays and no one doesn't. Now that EVERYONE pays EVERYONE will start paying attention to how government spends the money it collects.
Why is this so hard for socialists/communists to figure out?
Please provide the definition of what socialism is? Is Social Security socialism? Do you plan on being a socialist when you retire and get you benefits? Is social security a good or bad thing? You throw around terms you that have no clue to their real world meaning.
Nice try. No, I will not be a socialist. I have a 401k that I’ve been putting money in to. I doubt I will see much, if any of the money I was forced to put in to social security by the barrel of a gun. That is what socialism/communism is.
Had I been able to invest MY money how I best saw fit, I’d be even more better off.
Comments
That is true. But only because we, the voters, have enabled special interests to manipulate our tax laws for their own benefit and stick the middle and lower classes with the bill.
World governments 'moving fast' to overhaul taxes forcash in on tech giants' profits.
Fixed that for ya.
Had I been able to invest MY money how I best saw fit, I’d be even more better off.