Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by zdragnar on Wednesday February 06, 2019 @12:33PM
(#19097402)
> at least some portion of the money comes back into the system.
Apple is a fairly decent point to the contrary; they were able to let money sit around doing absolutely nothing at all because they didn't want to touch it until they didn't face stiff repatriation taxes for doing so.
Generally speaking, though, I agree with your later points. The first one- corporate taxes are charged for a reason- I'm less convinced that the reason is a good one. It mostly seems like a feel-good way to bury the tax so people don't realize that they're ultimately paying for it.
Apple is a fairly decent point to the contrary; they were able to let money sit around doing absolutely nothing at all because they didn't want to touch it until they didn't face stiff repatriation taxes for doing so.
Generally speaking, though, I agree with your later points. The first one- corporate taxes are charged for a reason- I'm less convinced that the reason is a good one. It mostly seems like a feel-good way to bury the tax so people don't realize that they're ultimately paying for it.