Iron Chef Olorinus wrote:
gbaji wrote:
Same deal here. Once a corporation makes the decision to set up the mechanism to move profits made internationally into areas which can't be taxed by the US, why not use the same system to hide profits made domestically as well? They would not have done this in the first place if it weren't for the unreasonable and unfair taxes the US is trying to collect. But once they've taken those steps, it would be kinda foolish not to use them to avoid paying their fair share of taxes in the US as well. instead of making up justifications after the fact for their criminal behavior, the American people took white collar crime and tax evasion seriously and tossed CEOs of corporations engaging in tax evasion into jail, where they belong.
Fixed that for you.
But if we agree that it's unfair to attempt to collect corporate income tax for *all* profits, and we really only care about getting corps to pay their fair share for profits generated in the US, doesn't it make more sense to simply change the tax code to accomplish this and only this rather than leaving it in place and going more strongly after corps that avoid the unfair portions as well?
What you're saying just makes no sense at all. Also, such closing of loopholes would include all the taxes, not just the "fair share" that corps should pay for domestic activity. Once again, we're put in the same "all or nothing" situation. Why not fix the code so that this isn't the case and then the problem goes away?
