News for hackers. Stuff that matters.

A comment on Mark Cuban: If Your Company Is Moving For Tax Reasons, I'm Selling Your Stock. Parent comment

Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by MereInterest on Friday July 25, 2014 @03:56PM (#8087290)
Nope. Companies can put a small portion of themselves in a foreign country, then say that that small portion is the most important part. I cannot cut off my big toe, mail it to the Cayman Islands, then say that I should be taxed under their laws instead as a result.

That analogous thing would be for a company to stop all business within a country, which is not being done.

[ Parent | on HN ]
Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by refurb on Friday July 25, 2014 @05:23PM (#8087714)
They can't put a "small" portion of themselves in another country, that's why Pfizer was trying to buy Astra Zeneca. You need the merger of two relatively sized (by value) companies.

You know what you need to do that? It's in the tax law.

[ Parent | on HN ]
Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by joelrunyon on Saturday July 26, 2014 @02:04AM (#8089046)
But can't a small portion of themselves be the most important part?

If it's saving them billions dollars a year - then that "small part" just might be your most important asset as a company.

[ Parent | on HN ]