Cerno has a point. Tax rates are meaningless - it is the actual taxes collected that matter. The US had among the highest corporate rates on the planet for decades, but among the lowest revenue actually received from those levies.
Hi @AOC, here’s a slam dunk issue for you:
Big tech companies used a Double Irish to hide incomes. That loophole was closed.
They found another.
Google shifted $23bn to tax haven Bermuda in 2017https://www.theguardian.com/technology/2019/jan/03/google-tax-haven-bermuda-netherlands …
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The tippy-top
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This problem is gone, no more. That was their swan song. US now taxes all corps worldwide under something called GILTI. Tax fat fake not-for-profits, tax capital gains of the idle rich. What are they going to do with the money? Store cash under a mattress?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This just shows the tax rates in the Good Ol’ US of A are too high!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
She'll protect Silicon Valley, and those in the 1% who support progressive ideals. These young Dems are only going after wealthy Republicans, or anyone in the energy industry.
- 1 more reply
New conversation -
-
This Tweet is unavailable
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Help me understand. Wasn’t Google a top donor to Pelosi? Isn’t always Democrats squelching the loudest about tax havens?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@AOL: Why can’t we tax Bermuda?Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.