News for hackers. Stuff that matters.

A comment on How to Stop Turning U.S. Corporations into Tax Exiles. Parent comment

Re:How to Stop Turning U.S. Corporations into Tax Exiles by pzone on Monday December 14, 2015 @07:13AM (#10730570)
If these tax laws incentivize productivity-destroying mergers then they are utterly moronic, immoral even. The Pfizer CEO said he wouldn't do it but for the tax savings.

All these companies want to do is bring back their cash to the US and pay their US shareholders. It's fair and defensible for Pomme to want to bring cash to France to pay its French shareholders, and for Apfel to bring it to Germany to pay its German shareholders.

[ Parent | on HN ]
Re:How to Stop Turning U.S. Corporations into Tax Exiles by wavefunction on Monday December 14, 2015 @07:38AM (#10730648)
These companies are free to do so. They just need to pay their taxes.
[ Parent | on HN ]
Re:How to Stop Turning U.S. Corporations into Tax Exiles by pzone on Monday December 14, 2015 @08:26AM (#10730851)
Or as an alternative, they can invert! It really does save a lot of money.
[ Parent | on HN ]
Re:How to Stop Turning U.S. Corporations into Tax Exiles by justincormack on Monday December 14, 2015 @07:48AM (#10730687)
Actually though Apple's shareholders are in fact global. They could probably spin off a subsidiary in a tax haven like the UK and pay dividends through that.
[ Parent | on HN ]