Then there's the foreign laws for these international businesses that they're accountable to, that don't correspond to American law.

What about all those companies that moved to China for that 0% tax rate?

Now they're chinese gov't companies with influence in the US

NYC wanted to build a helli pad for Amazon executives with tax payer money

even UK have it own tax heaven on isle of man and they are looking in if they end up with a hard Brexit to set up tax rules that makes UK the better place to be then EU for European companies

@Kodama That sounds like a NYC problem

China has 0% tax rate <:kermit_wat:378719408534716426>

Yes?

For businesses

They wanted to steal american companies

and look where that did end, amazon did go fuck you when they did not get a good deal and now NYC is down 25 billion tax dollars

I need a citation for this claim

Which claim?

not that I don't believe you

It was all over the news last year

do you have a link then?

it can be between 0% to 16% depending on what deal you make
http://taxsummaries.pwc.com/frmTerritoryPrintPreview?openForm&countryName=China~%20People~~~s%20Republic%20of&Type=Corporate

Thanks, I couldn't even find it on google news.

Weird, this was a big thing when the tariff war was going on

Exportation of goods; exportation of repair, replacement, and processing services; international transportation services and spacecraft transportation services; exported services that are completely consumed outside China, including:
Research and development (R&D) services.
Energy performance contracting services.
Design services.
Production and distribution services for radio, film, and television programs.
Software services.
Circuit design and testing services.
Information system services.
Process management services.
Offshore outsourcing services.
Transfer of technology.
all pay 0% tax

*There is, however, a catch: To be eligible, foreign companies must invest those earnings in sectors encouraged by China’s government — including railways, mining, technology and agriculture — according to a statement from the Finance Ministry. The measure is retroactive from Jan. 1 this year, the ministry said.*

https://www.nytimes.com/2017/12/28/business/tax-bill-china.html

thats VAT @Nordhand

https://www.pwccn.com/en/services/tax/accounting-and-payroll/overview-of-prc-taxation-system.html
Corporate income tax ("CIT") - standard tax rate is 25%, but the tax rate could be reduced to 15% for qualified enterprises which are engaged in industries encouraged by the China government (e.g. New/high Tech Enterprises and certain integrated circuits production enterprises). Tax holiday is also offered to enterprises engaged in encouraged industries. Other CIT incentives are also available for tax resident enterprises in China.
They give tax holydays to companies of there own discretion like a US based company that is fleeing high taxes

anyways, nice discussion

I have to sleep now

gn

whatsup you insexuals

Incelxuals

>:(

Where is everyone again <:pepehands:378719408367075333>

It's dinner time

I need conversation

Or I dry up and die :c

RIP me <:pepe_hang:460603218766987298>

https://mapmaker.nationalgeographic.org/zyUPgeeUlixlZ9nnTOpeG/

Play around with it

>:(

I need friends not maps <:GWqlabsKek:393085130219978752>

Not you, go to bed

so where are the yangbangers tonight?

Gulaged

They're mining rare earth minerals now