Many of America’s largest corporations shift a surprising portion of their profits overseas to avoid paying taxes. Even more surprisingly, that’s a legal thing to do.
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I'm more concerned with how tax $$ are spent than I am about how much tax is being paid/collected. Because until this country (and even our state govs) put together a) a smart budget plan and b) eliminate frivolous spending honestly, what does it matter what is or isn't being collected? And c'mon, we all hate being taxed, we all look forward to our refunds, do you think a company would be any different?
The Double Irish with a Dutch: That's a sambo that served us well in the past. In Ireland we have a tiny population of 5 million. Apple are a huge employer here who have provided many, many jobs through two nasty recessions. Jobs for Jobs back in the day. Thanks Steve. A lot of people, the majority of our centre/right government included, were happy to give those tax breaks, but the EU stepped in and shut that shiz down. Not quite as popular an arrangement on the EU mainland. In fact, I was chatting to a few peeps from Nordic Countries, who are all about the high tax, fair pay socialist model, and they HAAAAAAATED it. Up until now, breaks like this has worked out well for us in the Emerald Isle... We do have a shoddy version of what is universal healthcare and moderate welfare support for the poorest people. College is free for people on very low incomes. However, the working and middle classes are now fiscally squeezed like fresh oj, and the poverty rate is growing year on year, as it seems to be doing across the globe. Perhaps it's time for a double Danish Swede Sammich instead, where everyone gets a liveable wage?
I heard somewhere that our generation takes politicians as a joke and comedians seriously and this guy reminds me of that...though to be fair he certainly does his research and his timing and delivery is brilliant.He makes me actually like Mondays...
Is not the gobernante problem is a people frustration way to live and understand America,,really why at all us want the gobernante support us and not doing nothing,,sit and way if some one have or not,,why???
11:00 The idea of lowering the tax rate in the US for corporations is that the companies will look at the amount of money required to maintain their tax havens (even if they don't pay taxes, they likely pay some form of upkeep cost) and back at the lowered tax rate and think 'it's much more profitable to come back here and just pay this tax rate'.
Whether this works or not, however, is not exactly clear.
Let's argue about how immigrants (thats most of us btw) are ruining this country while "American" corporations grind us all down into complete slavery. Aside from our money being hoarded internationally, can ya guess where all those "jobs" are? The sad irony is that after they've taken everything there won't be any consumers/middleclass left to buy the shit they produce.
Maybe just lower the taxes across the board and everyone will be less compelled to avoid them which will lead to more money for the state in the long run? Simple economic principle. No one in their right mind would give you 35% just because.. doubly so when they can avoid it legally..
nesenda His entire campaign and Presidency is the greatest money-making scheme in American history - arguably world history. The Trump White House might as well have a giant gold-plated “Open For Business” sign on it that brazenly welcomes everyone from billionaires and corporate lobbyists who bankroll BOTH major US political parties to Russian oligarchs and the comically corrupt royals and oil sheikhs of the Gulf monarchies.
Drain the Swamp? More like “This is MY Swamp!” That’s the beginning and the end of Trump’s existence, essentially. Well that, along with grabbing women by the pussy and rage-tweeting from the toilet. MAGA, or something.
it's like the house i'm living in is my grandpas the house has been paid off for fucking 60 years. yet i still pay taxes that all go to fixing up the already nicer side of town what a surprise yet if i don't pay them they somehow have the right to sell my house. and people wonder why people go fucking crazy. Rich assholes get away with theft and if i steal a candy bar i will pay for it for two fucking years.
That offshore 'revenue' is essentially stagnant in most countries(because most 1st world countries aren't stupid enough to give a blankcheck ). Tax breaks allow corporations to bring that money back in and spend it at a fraction of the cost. It's just smart business, unfortunately.
my family is really well off and i can tell you first hand that the wealthy are benefitting more ... this countys legislation fills rich peoples full pockets. The only intelligent people I know who support Trump are wealthy and/or in business :( its criminal that the wealthiest and most fortunate among us have the luxury of tax evasion and maximizing the leftover amount after taxes... such disturbingly disgusting greed.. These men spit venom and tell people its a remedy. Why are we lenient on people who will never know what its like to struggle, or to struggle again and so hateful towards those whose lives are nothing but struggle? Out of sight out of mind. Our politicians are monarchs living in their castles, looking down upon the peasants - seeing ants and expendable flecks of dirt. They've perched themselves on some pedestal of their own creation, and it's become easy for them to forget their job is to serve and protect - for the people they worked for are now distant ideas...
Corporations are essentially tax collectors. It is very much like sales taxes. I know this is oversimplifying it. If you reduce corporate taxes enough the incentive to escape taxes is greatly reduced. Also it helps level the playing field so smaller corporations can be more competitive with the large corporations that can afford to setup shops outside the US.
Honestly, if I lived in the US, I'd move just out of spite about taxation inequality.
JK, I wouldn't be able to afford to. My taxes would be too high to save up for something like that.
What I don't get is why places like Bermuda don't hike their corporate taxation to JUUUUUST below the next highest. Then they can bank off of every rich scumbag taking refuge there, and if they don't like it, they could always stop robbing America.
Yeah, that's what I thought.
Oh, or maybe taxation based on profit. If only there were some word for that, some sort of thing every civilian has to pay. Anyway, this "Income tax" could be levied against companies as they make the money by the countries in which they made it, which would be a fact embedded in the past and not a thing which could be moved.
This is fucking stupid. He is basically arguing for taxes. Corporations dont pay taxes. People pay taxes. That simply means that the more you tax a company the more the people pay for goods and services. Not to mention we are paying those higher prices with money that has been taxed when we earned it. then we pay a sales tax. Corporations should not be taxed at all.
He's also not a multi billion dollar corporation that hides his money in different countries that he'll never live in to avoid taxes that could go to improving infrastructure, schools, hospitals and make medical treatments less expensive
you're funny, but you hate on conservatism and trump every episode and mislead people. For that, You have my down vote every week sir. Half of what you say is GOLD, and the other half, very misleading. You are obviously a socialist, and half of your viewers think socialism is terrible. Perhaps you shouldn't push it so hard.
Well if half the viewers think socialism is that terrible, why the hell do they still watch? That would mean that they are just watching to troll and at the same time keep his ratings up. Kinda sounds counter productive
So poor Americans like me who barely have any money for college have to surrender the cash earned with our sweat and blood, while the richest companies in the world have loopholes to evade taxes completely? On behalf of literally everyone, a sincere fuck you!
I don't understand why social programs have to be cut, our social security threatened, and the minimum wage held low when this is happening. They don't need the money, but poor people and the middle class actually have a poorer quality of life due to their greedyness. Some people are even dying. It infuriates me.
Its called greed. Corporate CEOs don't care about poor people let alone their lower tier workers and would abuse them slavery plantation style along with kids if the US Gov't didn't have the minimum of worker protections that it does.
Get ride of all those money launders.
Do "No penalty & No question ask Tax Amnesty"
And put those companies and rich people under IRS microscope.
Americans do not need Tax Cut.
What needed is for the gov to have enough money to facilitate American people with good health care, welfare and education.
And of course, anyone who is in money laundry biz would against it to death becoz it would put them in a situation with no job.
Umm....Mr. Oliver, as an American I am curious exactly what any of us normal citizens (meaning we are not in the ‘donor class’ as we’re not billionaires and we aren’t close friends or relatives of any Congress members, hell I’m not even connected with any smart criminals that want me to hold onto a bunch of cash) were supposed to do to either personally make change, petition change, or even wish for the tax (money grab for rich and corporations) reform as Paul Ryan put it to help any ‘normal Americans’. If I knew what to do I would have been happy to do it as I’m sure many of us would.
What are they doing with your money??? Probably on par with that stupid shit you do with all your money! It is rare to see any famous individual actually do anything that isn’t excessive or dumb as fuck, which is why tax or no taxes your ass will be broke before you are forgotten by everyone but your mother and TMZ
Christopher Neese agreed. Although while banks may throw money at democrats, like you pointed out it's because they know they will get no where with republicans. Democrats at least tighten regulations on banks. Really they schmooze all candidates though. When extreme wealth is at stake it doesn't matter what party you are. It would be nice if we could unite as the lower income working people, but they have us so distracted with identity politics we can't even do that.
The banks push more support towards Democrats in order to keep them from going after them, because the republicans won't and they are the only opposition. Kind of how Obama promised to crush and punish wall street for 2008 , but in the end he did nothing but accept massive campaign donations from them.
I think I am trying to get the point across of "liberal corps are just as shady as conservative corps" when it comes to lobbying and not paying taxes. Everyone looks up to these big corps like Amazon/google/apple to be the pillars of morality in the corporate world, but in the end they behave no differently than big coal or the military industrial complex when it comes to dealing with our government.
Although I will say they contribute a lot to the country in other ways. But still
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