Tech Firms Keep Piles of 'Foreign Cash' In US

[coyotes_geek]

Right. They're successfully avoiding the taxes. Raising those taxes further only provides additional incentive to keep avoiding them. Ergo, raising corporate taxes doesn't accomplish anything.

[boutons_deux]

Right. They're successfully avoiding the taxes. Raising those taxes further only provides additional incentive to keep avoiding them. Ergo, raising corporate taxes doesn't accomplish anything.

35% is a good number, but CLOSING THE LOOPHOLES and stopping gaming of the tax system is how to increase revenue without going beyond 35%.

[coyotes_geek]

I like Germany's 15% corporate flat tax rate better. Better to be the country foreign multinationals want to stash their money in instead of the country domestic multinationals want to avoid.

[boutons_deux]

I like Germany's 15% corporate flat tax rate better. Better to be the country foreign multinationals want to stash their money in instead of the country domestic multinationals want to avoid.

Do you know anything about German tax loopholes for corporations? or about MANDATORY German corporate contributions to employee health and retirement plans?

[coyotes_geek]

What about 'em?

[boutons_deux]

What about 'em?

Typically in Europe, employers have to make much higher health insurance/pension contribution than in the US. So looking exclusively at Euro corporate income tax vs US is not the entire picture you wish it were.

[coyotes_geek]

Sure it is. Pension & benefits =/= taxes.