CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by JJMcJ on Saturday August 05, 2023 @07:25PM (#37017245)

What often happens is that corporation in high tax country has subsidiary in low tax country that they find a way to funnel profits too.

Not sure on details myself. It has to be done just right.

I believe Ireland and the Netherlands are often host countries.

Now this is different than money laundering, which is big time illegal, of course.

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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by s1artibartfast on Saturday August 05, 2023 @07:31PM (#37017289)

I think you're talking about the double Irish corporate inversion loophole, which applied to multinational companies, and was closed 10 years ago.

As a US individual you get taxed no matter where in the world you live, and you must pay capital gains on all of your assets before giving up citizenship

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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by JJMcJ on Saturday August 05, 2023 @07:38PM (#37017334)

I believe the Netherlands one, which I don't fully understand, is still in place.

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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by seneca on Saturday August 05, 2023 @07:27PM (#37017264)

> What often happens is that corporation in high tax country has subsidiary in low tax country that they find a way to funnel profits too.

That has nothing to do with individual taxes.

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