AFAIK, US citizens working outsude the US are taxed twice (once overseas and once by the U.S. govt). I cannot cite chapter and verse, but I recall seeing complaints to this effect.
No, not necessarily. If you work for an American company, chances are you are still just liable for US taxes. If you are working outside of the US and it's territories for 330 days of the year (or calendar period) you can be eligible for the Foreign Earned Income Exemption (FEIW). Right now the first $97,500, I believe, is exempt from US Federal tax.
AFAIK, US citizens working outsude the US are taxed twice (once overseas and once by the U.S. govt). I cannot cite chapter and verse, but I recall seeing complaints to this effect.
This is true to a certain extent. U.S. citizens are, in general, taxed on their worldwide income. So even if, for example, you live and work the whole year in England, if you're a U.S. citizen then you're liable for U.S. taxes on that income. As well as taxes to HMRC.
But in most cases you will not have to pay tax to the U.S. because there are "tax treaties" between countries, and you get to offset your U.S. tax liability with whatever tax you already paid in England. That's higher than the U.S. tax so your U.S. tax payment will be zero. Note: you still have to file, even though you don't owe tax. And a lot of people complain about that.
But if, for example, you live and work somewhere with very low income taxes then you almost certainly will owe taxes in the U.S.
Good for them! Everyone should pay as little taxes as legally possible. Once the money gets in the hands of politicians it's misspent.
Sure sure. Let s ALL not pay taxes then. Fair is fair right? The people you should be worried about are the greedy rich CEOs of the world who are BUYING the government, not the government itself who is supposed to represent you.
Sure sure. Let s ALL not pay taxes then. Fair is fair right? The people you should be worried about are the greedy rich CEOs of the world who are BUYING the government, not the government itself who is supposed to represent you.
I totally second this. Governments are us the people (or should be, unless they're tampered with by excessively liberal systems). They're good.
Also, taxes are schools for children, medical care for those who can't afford it, huge projects of research of no direct benefit for a company (and hence, not going to be funded by investors), expensive utilities such as electricity or water in zones where they're not profitable. Also, if utilities are profitable, then they should not be in the hands of private companies. They should be delivered by governments and used to fund the non-profitable zones... Anyone who disagree with this has had too much luck in his life, which any number of easily available statistics show. They're also, most probably, men, white, and in the USA or Europe, or daydreaming about the fact that if they work hard enough, maybe they could get rich (hahaha, right. I'll win the lottery before that happens for most of the latter people).
Obvious? Yes, but we forget that fast enough. Not obvious, well, I'm not getting in this fight. You'll never be convinced in this life anyway, so long and happy life to you, and see you on the other side.
I totally second this. Governments are us the people (or should be, unless they're tampered with by excessively liberal systems). They're good.
Also, taxes are schools for children, medical care for those who can't afford it, huge projects of research of no direct benefit for a company (and hence, not going to be funded by investors), expensive utilities such as electricity or water in zones where they're not profitable. Also, if utilities are profitable, then they should not be in the hands of private companies. They should be delivered by governments and used to fund the non-profitable zones... Anyone who disagree with this has had too much luck in his life, which any number of easily available statistics show. They're also, most probably, men, white, and in the USA or Europe, or daydreaming about the fact that if they work hard enough, maybe they could get rich (hahaha, right. I'll win the lottery before that happens for most of the latter people).
Obvious? Yes, but we forget that fast enough. Not obvious, well, I'm not getting in this fight. You'll never be convinced in this life anyway, so long and happy life to you, and see you on the other side.
What part of "men are not angels" did you miss? People are self-interested, which is why government is no different in terms of behavior as the "best" AND "worst" of people. The checks on power built into our government (aka the "balance of power") is designed to prevent any one branch from taking over completely and our Constitution is a RESTRAINT on the powers of the Federal government.
BECAUSE our government is made of people is precisely why it should never be entrusted with total power.
Perhaps you can explain how federal income tax, which this clearly refers to, affects local utilities?
Well, here you enter the shady domain of "Private-Owned Public Services". This American idea has been imported to Europe over the last 20 to 30 years years, with at least in France, the Netherlands, and from what I hear from some UK friends, England, with the net effect of an increase in price, a loss of service, and ridiculous profits for the stock-owners. I actually believe that anyone NOT investing in them is making a massive mistake, they're tax-fed, forced on the People and supported by American lobbying. Cannot fail. Guess where my investment money goes when I'm not getting poor buying awesome Appleness?
Post, Gas, Electricity, Railroad operators (as well rail owners), "public" transportation, Highways all suffer from that.
Of all, France is the best example, which had awesome service for most of these until the 80s (Reagan era which launched this privatisation movement). Even back in the 90s, service was still very good on most. Now, prices are exploding and service is... not so good.
Note, a few economists have actually made counter budget calculations. With the previous model in Finance and Utilities, France would actually be accumulating wealth instead of accruing debt. However, the top 40 companies would make relatively reduced profits. An easy-to-observe case is the difference in highways between the Bretagne region, where a law dating back to the 14th century prevents toll roads (making it impossible to have privately operated highways), and all other French highroads, which are expensive, not always as well maintained as you'd wish, and generating huge profits.
I remember reading a similar study for America, but I have to apologise, I can't find it with a quick Google search. Maybe someone's google-fu will help?
Amazing what a system can do to your economy, when that system happens to be made by people who profit from it, right?
Other interesting and related fact, that movement is actually supported by Transatlantic Treaties overruling European agreements and our local constitutions (the Will of the People, therefore). Our governments can be fined for not implementing these privatisations. We're actually forced to spend an ever increasing amount of money paying private companies to do more expensively things that our governments used to do cheaper, better, and with legal obligations of transparency. Of course, once this becomes unsustainable enough, we'll go back to a better model, but for now, no hope in sight. We're just increasing the working load, working time, reducing living standard, helping women have babies later so they may work more for the economy and pay more tax now, instead of funding a more gender-equal lifestyle. Hell, "socialist" has become a swear word even in some European countries, where people used to understand that true capitalism implies having customers, which means helping the less strong become richer, not helping the few rich ones exploit the poorer ones... I feel like having a drink to forget, but that pause took too long, and I should get back to work, it's only 10:27PM here.
Comments
Someone would need to check their books. A loss in German retail sounds suspicious but could have been set up costs.
However Apple are avoiding taxes at corporate both in Ireland and/or the US.
AFAIK, US citizens working outsude the US are taxed twice (once overseas and once by the U.S. govt). I cannot cite chapter and verse, but I recall seeing complaints to this effect.
No, not necessarily. If you work for an American company, chances are you are still just liable for US taxes. If you are working outside of the US and it's territories for 330 days of the year (or calendar period) you can be eligible for the Foreign Earned Income Exemption (FEIW). Right now the first $97,500, I believe, is exempt from US Federal tax.
AFAIK, US citizens working outsude the US are taxed twice (once overseas and once by the U.S. govt). I cannot cite chapter and verse, but I recall seeing complaints to this effect.
This is true to a certain extent. U.S. citizens are, in general, taxed on their worldwide income. So even if, for example, you live and work the whole year in England, if you're a U.S. citizen then you're liable for U.S. taxes on that income. As well as taxes to HMRC.
But in most cases you will not have to pay tax to the U.S. because there are "tax treaties" between countries, and you get to offset your U.S. tax liability with whatever tax you already paid in England. That's higher than the U.S. tax so your U.S. tax payment will be zero. Note: you still have to file, even though you don't owe tax. And a lot of people complain about that.
But if, for example, you live and work somewhere with very low income taxes then you almost certainly will owe taxes in the U.S.
Good for them! Everyone should pay as little taxes as legally possible. Once the money gets in the hands of politicians it's misspent.
Sure sure. Let s ALL not pay taxes then. Fair is fair right? The people you should be worried about are the greedy rich CEOs of the world who are BUYING the government, not the government itself who is supposed to represent you.
Sure sure. Let s ALL not pay taxes then. Fair is fair right? The people you should be worried about are the greedy rich CEOs of the world who are BUYING the government, not the government itself who is supposed to represent you.
I totally second this. Governments are us the people (or should be, unless they're tampered with by excessively liberal systems). They're good.
Also, taxes are schools for children, medical care for those who can't afford it, huge projects of research of no direct benefit for a company (and hence, not going to be funded by investors), expensive utilities such as electricity or water in zones where they're not profitable. Also, if utilities are profitable, then they should not be in the hands of private companies. They should be delivered by governments and used to fund the non-profitable zones... Anyone who disagree with this has had too much luck in his life, which any number of easily available statistics show. They're also, most probably, men, white, and in the USA or Europe, or daydreaming about the fact that if they work hard enough, maybe they could get rich (hahaha, right. I'll win the lottery before that happens for most of the latter people).
Obvious? Yes, but we forget that fast enough. Not obvious, well, I'm not getting in this fight. You'll never be convinced in this life anyway, so long and happy life to you, and see you on the other side.
I totally second this. Governments are us the people (or should be, unless they're tampered with by excessively liberal systems). They're good.
Also, taxes are schools for children, medical care for those who can't afford it, huge projects of research of no direct benefit for a company (and hence, not going to be funded by investors), expensive utilities such as electricity or water in zones where they're not profitable. Also, if utilities are profitable, then they should not be in the hands of private companies. They should be delivered by governments and used to fund the non-profitable zones... Anyone who disagree with this has had too much luck in his life, which any number of easily available statistics show. They're also, most probably, men, white, and in the USA or Europe, or daydreaming about the fact that if they work hard enough, maybe they could get rich (hahaha, right. I'll win the lottery before that happens for most of the latter people).
Obvious? Yes, but we forget that fast enough. Not obvious, well, I'm not getting in this fight. You'll never be convinced in this life anyway, so long and happy life to you, and see you on the other side.
What part of "men are not angels" did you miss? People are self-interested, which is why government is no different in terms of behavior as the "best" AND "worst" of people. The checks on power built into our government (aka the "balance of power") is designed to prevent any one branch from taking over completely and our Constitution is a RESTRAINT on the powers of the Federal government.
BECAUSE our government is made of people is precisely why it should never be entrusted with total power.
Perhaps you can explain how federal income tax, which this clearly refers to, affects local utilities?
Well, here you enter the shady domain of "Private-Owned Public Services". This American idea has been imported to Europe over the last 20 to 30 years years, with at least in France, the Netherlands, and from what I hear from some UK friends, England, with the net effect of an increase in price, a loss of service, and ridiculous profits for the stock-owners. I actually believe that anyone NOT investing in them is making a massive mistake, they're tax-fed, forced on the People and supported by American lobbying. Cannot fail. Guess where my investment money goes when I'm not getting poor buying awesome Appleness?
Post, Gas, Electricity, Railroad operators (as well rail owners), "public" transportation, Highways all suffer from that.
Of all, France is the best example, which had awesome service for most of these until the 80s (Reagan era which launched this privatisation movement). Even back in the 90s, service was still very good on most. Now, prices are exploding and service is... not so good.
Note, a few economists have actually made counter budget calculations. With the previous model in Finance and Utilities, France would actually be accumulating wealth instead of accruing debt. However, the top 40 companies would make relatively reduced profits. An easy-to-observe case is the difference in highways between the Bretagne region, where a law dating back to the 14th century prevents toll roads (making it impossible to have privately operated highways), and all other French highroads, which are expensive, not always as well maintained as you'd wish, and generating huge profits.
I remember reading a similar study for America, but I have to apologise, I can't find it with a quick Google search. Maybe someone's google-fu will help?
Amazing what a system can do to your economy, when that system happens to be made by people who profit from it, right?
Other interesting and related fact, that movement is actually supported by Transatlantic Treaties overruling European agreements and our local constitutions (the Will of the People, therefore). Our governments can be fined for not implementing these privatisations. We're actually forced to spend an ever increasing amount of money paying private companies to do more expensively things that our governments used to do cheaper, better, and with legal obligations of transparency. Of course, once this becomes unsustainable enough, we'll go back to a better model, but for now, no hope in sight. We're just increasing the working load, working time, reducing living standard, helping women have babies later so they may work more for the economy and pay more tax now, instead of funding a more gender-equal lifestyle. Hell, "socialist" has become a swear word even in some European countries, where people used to understand that true capitalism implies having customers, which means helping the less strong become richer, not helping the few rich ones exploit the poorer ones... I feel like having a drink to forget, but that pause took too long, and I should get back to work, it's only 10:27PM here.