Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by aNoob7000 on Thursday June 03, 2021 @08:02AM (#27379998)

I think paying your state and federal taxes in the United States should be seamless. Your employer should take the taxes out of your paycheck. At the end of the month/year, you should get a statement showing all the taxes you paid.

I recently had to update my W4 form at work for tax withholding, and what a pain in the ass to read and decipher. Add to that, and I had to do the same thing for my state taxes.

I want to point out that Congress has shot down the idea of making it easier to pay your taxes many times. I'm not sure if it is Intuit or some other entity, but paying your taxes should be easy. If you don't like the level of taxation, then work to reduce them, but paying them should be easy.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by nly on Thursday June 03, 2021 @09:38AM (#27381120)

Do most Americans have to do their own taxes?

It boggles my mind that this is the case.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by neilwilson on Thursday June 03, 2021 @12:00PM (#27383335)

They do.

The UK PAYE (Pay as You Earn) system has a 1% tax gap[1] compared to 12.9% on income tax and 7% on corporation tax.

It's extraordinarily more efficient to tax at source.

[1]The percentage tax gap is the tax gap pound value as a proportion of theoretical liability, where theoretical liability is defined as the tax gap plus the amount of tax actually received.

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