These are the U.S. companies relocating to avoid U.S. taxes http://t.co/AbX3S7ArjY pic.twitter.com/cohN8TwLZ1
— Washington Post (@washingtonpost) August 6, 2014
Tax avoidance?
The very notion.
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These are the U.S. companies relocating to avoid U.S. taxes http://t.co/AbX3S7ArjY pic.twitter.com/cohN8TwLZ1
— Washington Post (@washingtonpost) August 6, 2014
Tax avoidance?
The very notion.
Chiquita banana are Irish now?
They bought Fyffes, legal jiggery pokery means Fyffes bought the much bigger Chiquita
Quick! Boycott the one relocating to Israel!
I think the pharma ones aren’t actually about corporation tax and are actually about patent royalties.
Liberty Global moved to the UK because um, their biggest holdings are there (Virgin Media) and most of their business is actually European (all their UPC holdings).
Chiquita I dunno.
To be clear taxes on profits made in the US remain taxable post-inversion, the companies need to have significant non-US profits for this to make sense. An inversion only ‘saves’ US taxes if you had planned on repatriating the profits to the US in the first place but will now not or fall foul of US anti-avoidance rules around certain generally non-active foreign profits.
If the US could tax foreign profits at a more reasonable rate and perhaps companies would be less likely to engage in this practice. Alternatively they could realise that they have no predetermined right to tax profits legitimately earned outside the US merely because they are the US!
Rather then look at their own rules or practice it is easier to blame a competitive small country like Ireland as the bad guys because they know our government and establishment will take it and continue to fall all over them.
very good paidi, am working for an American bank and sick of all the one sided demands, maybe time to go!
+1
The tax avoidance thing is much ado about nothing.
Ah the US and taxation, one of the very few countries that taxes ordinary citizens on earnings that they get while working in another country.
And here’s me believing it was the young, dynamic, resourceful and plyable workforce.
Ah no.
It’s obvious they’re moving here because they hear the craic is mighty.
Sometimes it even goes up to 90.
US tax loophole issue blamed on foreign country shocker!