Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by criddell on Tuesday December 31, 2019 @11:35AM
(#21922257)
Google and other big tech companies that were doing this shady accounting stuff are sitting on the money. If they had paid taxes on it, they would just be sitting on less money and we would have a little bit more money for public programs. Public programs that are run by people that stop at Starbucks some mornings.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by hailhash on Tuesday December 31, 2019 @11:00PM
(#21926553)
Google employees pay the taxes
Google shareholders pay the taxes
Google customers pay taxes
Wonder where is all that tax money going to? Just curious?
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by Gigablah on Tuesday December 31, 2019 @11:26PM
(#21926638)
Or maybe you could siphon just a teeny little bit from your military-industrial complex.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by criddell on Wednesday January 01, 2020 @10:49AM
(#21928468)
It isn't an either-or situation. Everybody should pay their taxes and we (government) should spend the money carefully.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by CaveTech on Tuesday December 31, 2019 @11:51AM
(#21922412)
Is this some kind of trickle-down taxes meme? The employees and customers did not pay those taxes. They pay taxes, but not those taxes.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by jeffnappi on Tuesday December 31, 2019 @11:37AM
(#21922282)
Starbucks also used similar (the same?) tax loopholes... https://www.reuters.com/article/us-britain-starbucks-tax/spe...
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by hailhash on Wednesday January 01, 2020 @12:57AM
(#21926866)
so does every non-bankrupt decent sized "Corporation" with accountants who can do kinder garden level additions and subtractions.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by solarkraft on Tuesday December 31, 2019 @11:54AM
(#21922433)
If you tax a corporation the employees suffer, but not the billions of profits? Hm, sounds far fetched.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by syockit on Tuesday December 31, 2019 @11:48PM
(#21926709)
Here is a simple back of the envelope calculation to demonstrate the idea.
Revenue Cost Gross Rate Tax Profit
1000 700 300 20 60 240
1020 700 320 25 80 240
1000 680 320 25 80 240
Of course, in reality there are many more factors to keep in mind e.g. you can't increase the price while expecting the sales to stay steady, and you can't expect the quality to maintain (and hence keeping the sales) while reducing the cost (personnel or material). But the idea is that the directors can find many ways to keep the shareholders happy even in the face of corporate tax hike.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by buboard on Tuesday December 31, 2019 @01:38PM
(#21923265)
So didnt the employees benefit from google s avoidance scheme all this time?
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by pravda on Tuesday December 31, 2019 @11:39AM
(#21922293)
Um...no. So much no.
When you tax a corporation it comes from shareholders.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by anchpop on Tuesday December 31, 2019 @02:15PM
(#21923674)
When you tax a corporation it comes from the revenue and holdings of that corporation
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by pravda on Tuesday December 31, 2019 @06:23PM
(#21925503)
Exactly! And since the "revenue and holdings" of a corporation are owned by the shareholders, it comes from shareholders.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by syockit on Tuesday December 31, 2019 @11:33PM
(#21926668)
And when the shareholders want to maintain their after-tax income, they can certainly pass the buck to the customers or the employees, to a certain extent.
Re:Google to end 'Double Irish, Dutch' tax scheme: filing
by pravda on Wednesday January 01, 2020 @12:58AM
(#21926868)
If a public company can increase prices to increase its profits, it means it is not setting prices correctly!
Prices should be set at the profit-maximizing price. Taxes have nothing to do with it.
Employee compensation is decided by the market.
When you tax a corporation that gets passed on to its employees and its customers, who already pay those taxes.