Message from @Kodama
Discord ID: 555187524595744769
you don't need to move anything. all you move is where you are on paper
I know, but thats not what I meant with moving
those are loopholes that should not exist
imo
the moment you have moved where you are on paper the tax money is gone
I know, but the company is still in the US, which makes it more of a cuckery
Incentivizing people to act in a kind way toward the community isn't strengthening the community. It's like holding a broken vase together with your hands, sure you'll keep it together, but it'll fall apart once someone stops supporting it.
with the resources (including humans)
https://www.digitalinformationworld.com/2019/01/google-tax-haven-bermuda.html even google does it and they claim that the same bullshit
I know
and they import a lot of Indian wage slaves to press wages with the help of the Us government
and you cant truly stop it, all you can do is do make it so it better for a company to stay then move
which shows the power dynamic
🅱 lassic
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
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.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