Re:Texas electric firm files for bankruptcy citing $1.8B in ...
by croes on Tuesday March 02, 2021 @01:09PM
(#26318333)
"losses" and expenses like the double dutch irish sandwich the used in earlier years.
We all know that before Trump's tax reform the big players parked their money in Europe to evade the US taxes, but since the reform and Europe's shift in tax regulation companies like Amazon and Apple transfer their money to the US, to pay less taxes.
So the companies count these money as domestic income.
Measured in terms of the amount of money involved, there are huge differences compared to the working population.
Ever heard of progressive tax?
This is the opposite.
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