You understate how shocking the situation is: "The U.S. spends more public money on healthcare per capita than Canada, Sweden, Denmark, Germany, Switzerland, France, Japan, Australia, New Zealand, and the United…
US tax system has very few loopholes. Double Irish / Dutch sandwich avoid EU taxes, not US. US tax on foreign income can be deferred - indefinitely - as it is only paid when the money is repatriated. But to truly avoid…
Other posters report that it's due to an accounting change.
Note that many US states have their own corporate income tax levies as well. California charges about 10% I believe. Thus a corporation domiciled in California is still paying a corp tax rate about as high as any in the…
"In a state like California, our taxes on rich people and corporations are already about as high as in Germany, its our taxes on people making sub-200k that really dramatically lower. That’s where most of the income…
You understate how shocking the situation is: "The U.S. spends more public money on healthcare per capita than Canada, Sweden, Denmark, Germany, Switzerland, France, Japan, Australia, New Zealand, and the United…
US tax system has very few loopholes. Double Irish / Dutch sandwich avoid EU taxes, not US. US tax on foreign income can be deferred - indefinitely - as it is only paid when the money is repatriated. But to truly avoid…
Other posters report that it's due to an accounting change.
Note that many US states have their own corporate income tax levies as well. California charges about 10% I believe. Thus a corporation domiciled in California is still paying a corp tax rate about as high as any in the…
"In a state like California, our taxes on rich people and corporations are already about as high as in Germany, its our taxes on people making sub-200k that really dramatically lower. That’s where most of the income…