New Analysis Details 'Aggressive' Tax Dodging of Six Silicon Valley Giants—Totaling Over $100 Billion
As Judge Learned Hand (truly one of the coolest names in jurisprudence) noted:
Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”
As a case in point, Massachusetts allows people to pay either the basic rate, of 5.1% or an optional, higher rate of 5.85% rate. Currently, less than 0.02% of people in MA choose to pay the higher rate.
By the same token, the notion of a unitary tax scheme, as proposed by Tax Justice Network does not help all countries. It helps high tax countries, by preventing other countries which may not be as competitive, in terms of employees, or natural resources, or other means (up to and including direct subsidies, as used by Virginia to get the second Amazon HQ) from attracting businesses.
Governments are free to set their taxes as they choose. However, tax policies are only one element in companies deciding how, and where they choose to do business.
How interesting that Massachusetts gives the rich a choice of conscience and they all fail.
Screw them, we will take what the country deems appropriate or put them in jail.
So we have read this stuff for years and Panama Papers and something before that but NOTHING gets done about it.
What are we the people paying our politicians for? Let see Oregon has five House people making I think $175,000 and 2 Senators the same? and we keep getting the same results. NOTHING
Baloney in a bad bun
For a hundred years the courts allowed a lot of crap, like slavery or racist discrimination, so that argument is ‘not holding water’.
Right now we are engaged in a fight with the 1% for fair representation within the laws of the land.
Right now the laws favor the wealthy, hence the modest estimate of 150% growth for the 1% since 1995, while the middle class has recognized a pathetic 7% growth in the same period.
All the while we show clear tax fraud, not tax avoidance as you so “nicely” put it.
So when we finally get the whistleblower files on the archives of UBS and how they “PROMOTED TAX FRAUD”
We get the “there there whistleblower” you go to jail, not UBS and the Wealthy who engaged in the Fraud.
It’s not just the rich who have the option in MA.
As long as multinationals exist, there is no way to “make a good life possible for everyone”
And I wouldn’t trust the OECD to do anything over than to provide a veil of “fairness” to cloak their rapacity.
Each member of Congress now represents 840,000 American citizens.
That’s the word from Rep. Emmanuel Cummings in 2018 at a hearing where
he added that info into a discussion.
In the UK, each member represents 75,000 citizens.
A bit surprised I didn’t find this on CD today, but add this little tidbit to your view of dear ole Amazon . . . ho, ho, and I do mean ho to the greed, no matter what . . .
The britz bitch and we here in amurka read and nod.
But we can also suspicion that London wants more into their kitty.
Current movement of all profits from spare parts from central Illinois shipped all over the world go to Switzerland. Legal and ethical since 1991. Yet, whistle blower caused senate hearing with Sen. Levin of Michigan (I forgot to make a campaign contribution) and a federal / IRS tax case which was dismissed on first day in court.
The transferred profits pay pensions, benefits, payroll, suppliers, expenses, etc. all over the world. From Andes to Zimbabwe.
Panama Papers scarcely used to expose the Americans avoiding paying legitimate taxes. A few in Europe have been outed. We also have Nevada and Delaware available to launder loot.
About two weeks ago, there was a remark that at least 4 trillion dollars are floating around that are not found in any ledger. Suggest Dubai already has half of our war spending in the middle east since 2003. As a hint.
The answer to that is quite simple. Make enough money to buy your own representatives. Of course the problem will still remain but it will no longer be your problem. That is always the problem with oilygarkies, once one gets a seat at the trough they lose interest in the hoy p’loy.
This certainly explains the Amazon logo.