Isn't my english plain enough? I am not advocating for a higher corporate tax rate, rather for a lower tax rate "on global income" just as germans do.
Global tax -> It doesn't matter if you try to pour all your income into a luxemburg office , because you STILL get taxed... even double taxed.
"Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany. Some corporate enterprises are exempted from corporation tax, e.g. charitable foundations, Church institutions, and sports clubs."
Lower tax -> So companies don't feel compelled to rush their money out of the country.
Is the picture clearer now ?
And now you know why Germany and many other countries are third rate economically compared to the US.
Taxing income not earned in the host country is immoral.
Third rate Germany? lol
Yeah, it's only 40% the US size but exports almost as much as US, even though they are 40% unionized, have a min 5 weeks vacation, have UHC, minimal ($1,000 a year) to attend university, great benefits for families, etc. What a shithole right?
its a European country and so poor. France and Germany have the per capita income just above Arkansas, about our poorest state. And thats amazing when you factor in how liberals have attacked and destroyed our families and schools.
REALLY? LOL
GERMANY IS POOR? LOL
How’s Life?
Germany performs well in many measures of well-being, as shown by the fact that it ranks among the top ten countries in several topics in the Better Life Index.
Money, while it cannot buy happiness, is an important means to achieving higher living standards. In Germany,
the average household net-adjusted disposable income per capita is 30 721 USD a year, more than the OECD average of 23 938 USD a year. But there is a considerable gap between the richest and poorest – the top 20% of the population earn more than four times as much as the bottom 20%.
OECD Better Life Index
How’s Life?
The United States performs very well in many measures of well-being, as shown by the fact that it ranks among the top countries in a large number of topics in the Better Life Index.
Money, while it cannot buy happiness, is an important means to achieving higher living standards. In the United States,
the average household net-adjusted disposable income per capita is 39 531 USD a year, more than the OECD average of 23 938 USD a year
In general, Americans are less satisfied with their lives than the OECD average, with
75% of people saying they have more positive experiences in an average day (feelings of rest, pride in accomplishment, enjoyment, etc.)
than negative ones (pain, worry, sadness, boredom, etc.). This figure is lower than the OECD average of 76%.
OECD Better Life Index
HALF OF US AVG LESS THAN $15,000 PER FAMILY
Historical Source of Revenue as Share of GDP
GOOD THING THE US HAS SO MANY MAKING SOOOO MUCH TO SKEW THE NUMBERS UP RIGHT? LOL