So I have a transmission problem. I bring it to your transmission shop and pay you fairly for the repair. How did I take advantage of you?
If I decide to buy a car, buy a house, hire a lawn care company, nobody is taking advantage of anybody else because all parties were in agreement.
So if I apply for a job, and the job pays X amount of money and benefits, the employer is not taking advantage of me by me accepting his offer; provided he or she lives up to their end of the agreement.
All great wealth does not happen by taking advantage of anybody. Great wealth is produced by manufacturing a product or service for a profit. That's it.
Imagine you have a transmission problem. There are two transmissions shops. You can bring it to my shop, I pay full taxes and it'll cost you $500 to fix. But Big Fuckios down the road, they're a multinational shop and they'll charge you $350 to fix the transmission. They can do this because they don't pay much tax at all.
Which one are you going to go to? Is this a fair thing to happen in society?
I have absolutely no idea what your comparison is. Wages are not set by national vs multinational companies, wages are set on the ability for an employer to hire a worker for the lowest offer they can.
As for taxes, multinational companies pay the same as national companies. Multinational companies don't pay American taxes on money they made outside of the US provided they don't bring any of that money back to the states. It's a problem that Trump has highlighted since he took office.
Why are you talking about wages?
No, multi-nationals do NOT pay the same amount of tax as other companies.
They get massive tax breaks.
How Multinational Corporations Dodge Taxes
"General Electric, for example, won't owe any U.S. taxes for 2009, but will instead receive more than $1 billion dollars of tax benefits."
Yeah, they're paying the same amount of money as everyone else, by being GIVEN $1 billion dollars. Yeah, that's the same as everyone else Ray.
Why do you hide from the truth?
The truth is in the pudding. From your link that supports my point:
But the basic reason GE has been able to keep its tax bill so low is that it structures its business so that it takes a loss in the U.S. and earns its profits elsewhere. By moving ownership of profitable assets to overseas subsidiaries while incurring expenses in the U.S. companies can avoid being taxed here where tax rates are relatively high.
If you don't understand this, I'll reiterate: Multinational companies that produce profit in the US get taxed the same as US companies that produce a profit. If a multinational company produces profit elsewhere, while taking losses in the US, that's how companies like GE (and others) pay no taxes in the US.
Or do you think that multinational companies that make profit in Singapore should pay taxes here? If so, that would only lead to multinational companies closing down their outlets in the US to avoid taxation.
Yes, in other words they have accountants who make sure that they're screwing the US over, the US system allows them to essentially not pay taxes.
I understand this Ray. This is called cheating the system.
You said that every company pays the same amount of money in tax. They DON'T and you've just proven this. Thank you.
You seem to be under the impression Ray, that this is a company that does business in the US and does business abroad, and pays its taxes abroad and pays its taxes at home as it should. But it doesn't.
Even if the company didn't do a single thing in the US, their tax would not be MINUS $1 billion, now would it?
So, why are they paying NO TAX and being give $1 billion of US taxpayers money, when they actually do work in the USA?
Well these are the questions you don't want to ask, because you're happy, for some unknown reason, with rich multi nationals paying no tax.
You will slide and slither your way through. First they pay the same as everyone else, second they don't but they're paying taxes elsewhere. What next Ray?
Warren: GE Pays No Taxes - FactCheck.org
"According to the
New York Times story, GE reported U.S. profits of $5.1 billion in 2010"
This is the year after what we're talking about. They made $5.1 billion a year, and they're paying MINUS $1 billion, and you're argument is that they don't need to pay tax in the US because... because... they're earning money in Singafuckingpore.
Hmmm....
