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Anonymous
Obama Seeks to ''Crack Down'' More on Corporate Tax Evasion After Apple Tax Scan 2016-09-16 05:23:23 Post No. 72640
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Obama Seeks to ''Crack Down'' More on Corporate Tax Evasion After Apple Tax Scan 2016-09-16 05:23:23 Post No. 72640
[Report] Image search: [Google]
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Obama Seeks to ''Crack Down'' More on Corporate Tax Evasion After Apple Tax Scan
Anonymous
2016-09-16 05:23:23
Post No. 72640
[Report]
http://fortune.com/2016/09/15/obama-corporate-tax-evasion/
>The Obama administration on Thursday took action to limit the use of foreign tax credits by American multinational companies to reduce their U.S. tax bills, a move that followed an EU order that Apple pay back taxes to Ireland.
>The Treasury issued legal guidance reducing the scope companies have to apply foreign tax credits against their U.S. tax obligations.
It was not immediately clear how this could affect Apple, which European regulators ordered last month to pay Ireland 13 billion euros ($14.6 billion).
catch em fast EUpoors cause obama has come to save hillary's financiers
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http://money.cnn.com/2016/09/16/investing/deutsche-bank-us-14-billion-mortgages/
and that'll be 14 billion dollars Eurocucks,thank you:)
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>>72640
>obama has come to save hillary's financiers
What? This will only harm the companies themselves. Wouldn't be surprised if they formed a new holding company HQ'd in Singapore or Hong Kong to stay outside the jurisdiction of both American and European tax authorities.
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>>72660
Poor apple, losing part of its trillions.
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>>72661
poor EU/US gubrment they need more money fo dem programs
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>>72663
But they're the ones giving these companies ways around paying taxes. If they would just set the tax rate and not allow wiggle room, we wouldn't have this issue. But then again, expecting the world to cooperate to better the world for the people would never, ever happen. Disregard my post.
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>>72660
>keeping your money in Singapore to avoid the US tax force
>US gov:that guy owes us tax,arrest him with your police force!
>US gov:ya problem with that?
>Singapore:NO SIR,ABSOLUTELY NOT SIR!!
>implying tax haven countries will risk US/EU hostility just to protect your shekels.
nice try
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Remember when companies had a nationalistic civic duty to pay tax revenue to the country they were founded in?
Yeah, I don't either because it hasn't been that way since the 1950s and the fortune 500 is a lot more multinational than it used to be.
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>>72671
By that logic, the US could arrest the CEO and charge taxes from every Singaporean company.
Sorry bb the world doesn't work like that.
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They're just going to get in their planes and take their money someplace else.
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>>72676
Apple doesn't make anything here. You're literally worrying about a few hundred desk jobs. Let them deal with a corrupt shitty country if they want to. They'll still have to have the salespeople, service locations, stores.
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>>72640
Donald Trump Lets Jimmy Fallon Mess Up His Hair lol !!!!! See now
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>>72663
Yeah! Fuck roads, Police, Electric, Water, Prisons, Military, Fire Fighters and more. We don't need them.
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