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Re:Apple's cash hoard swells to $246B by drawkbox on Saturday April 15, 2017 @04:00PM (#14122534)
You could do that but it would create more games with headquarters being outside the US and even small businesses/medium businesses would start doing that. There would be a million loopholes around it.

I say corporations won the war, they have the legal teams to keep winning. As a response let small/medium sized businesses compete better by just lowing business taxes to really low levels, or progressive taxing as you grow. Right now the high tax rate only really affects our engine small/medium businesses who provide 50% of GDP, 65+% of jobs and 33% of exports.

The only companies paying taxes are small/medium businesses, the tax system here almost is a competitive advantage to large companies over small/medium. If larger companies aren't going to invest here, get competitive help to the small/medium companies and entrepreneurs that are to challenge them.

Re:Apple's cash hoard swells to $246B by sharun on Saturday April 15, 2017 @05:41PM (#14122996)
I don't know about corporations having all this wrapped up. There is a lot of pressure on them since 2008 plus one leak after another - Lichtenstein, Luxembourg, Panama, Switzerland etc hasn't made it easy to be tax haven. If they had "won the war" we wouldn't be discussing it here.
Re:Apple's cash hoard swells to $246B by drawkbox on Saturday April 15, 2017 @07:16PM (#14123389)
Many of those were personal income tax dodging, corporate tax dodging is usually island tax havens or Ireland recently (Apple/Facebook).

Personal income tax dodging is bad as that is where most tax revenue comes from. Taxes should probably be lower on income as well though to discourage tax games and retaining more tax whales (wealthy tax payers). People of all brackets need more money in their pocket for this consumer economy that hasn't really rebounded.

Re:Apple's cash hoard swells to $246B by toomuchtodo on Saturday April 15, 2017 @07:47PM (#14123488)
"Bloomberg: Sorry America, Your Taxes Aren’t High"

https://www.bloomberg.com/news/articles/2017-04-11/sorry-ame...

How low is low enough? Pay your damn taxes.

Re:Apple's cash hoard swells to $246B by drawkbox on Saturday April 15, 2017 @07:53PM (#14123521)
Only takes into account federal taxes (30%ish). There are state (3-5%), sales (6-10%), property (based on property), county taxes (less than 1%), self employment/FICA tax (15%). For small/medium business or pass-through business sole-proprietor/LLCs etc have a self-employment tax of about 15% on top of the income (for Social Security / Medicare i.e. FICA, regular employees pay half while the company pays the other half).

There are lots of taxes beyond income tax. Basically taxes take about .35-.50 out of every dollar earned through income, sales, other taxes. Business expenses for businesses, kids, credits and other things can help bring it down as well as standard deductions but it is still high.

Re:Apple's cash hoard swells to $246B by coliveira on Saturday April 15, 2017 @09:29PM (#14123869)
This seems a lot until you notice that really rich people don't pay these taxes. They make capital gains or receive dividends, which are either tax free or taxed at a much advantaged rate. This is why there is such a great separation between the 1% and the rest of the population.
Re:Apple's cash hoard swells to $246B by sjy on Saturday April 15, 2017 @11:41PM (#14124204)
The article specifically states that the OECD analysis estimated 'payroll taxes, federal income tax, state and local government taxes.'
Re:Apple's cash hoard swells to $246B by drawkbox on Sunday April 16, 2017 @12:01AM (#14124252)
"Excluded are the countless other ways that governments levy taxes, such as sales and value-added taxes, property taxes, and taxes on investment income and gains."

They also don't include self-employment tax (15%) and sales tax (6-10%). Sales tax and self-employment alone are over 20% close to 25% not counted in the article. Property tax can be close to 1% (depends on property), dividend taxes also aren't included (10-15%).