We don’t have a taxation problem in the United States…
Nay. what we have…is a spending problem.
I might seem a little off in this opinion – backing the Goog. But this isn’t about privacy. It’s about government spending and skyrocketing taxes. And let me clue you in on a little secret: When politicians vilify corporations for not, “paying their fare share…”, they don’t pay any taxes. You do.
Let me say that again:
Corporatins don’t pay any taxes. You do. That’s because corporations pass the tax burden onto the consumer. So after the government takes 40% of your income in taxes, you take what’s left and buy something from Apple or Google. Their products and services are price-inflated because of the 35% corporate tax rate.
So it’s you that doesn’t pay your fair share in taxes…according to politicians.
Alphabet moves the bulk of its non-U.S. profits through this Dutch subsidiary, which has no employees. The company has used the Netherlands company since 2004 as part of a tax structure dubbed a “Double Irish” and a “Dutch sandwich.” By moving most of its international profits to Bermuda, the company was able to reduce its effective tax rate outside the U.S. to 6.4 percent in 2015, according to Alphabet’s filings with the U.S. Securities and Exchange Commission.
So to this I say, keep rocking that tax shelter as long as possible Mountain View. Eventually we will get someone in government who has all their shit in one bag and understand that taxing people to death isn’t sustainable.
Also published on Medium.