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Forums - Microsoft Discussion - Microsoft admits to dodging $29B in taxes. Yes, billion with a B.

Baalzamon said:
overman1 said:
Baalzamon said:
Who cares? The money was made in another country, it shouldn't be taxed in the US anyways.

do you understand how the us tax system works?

I do, and it is a load of crap. If a sale is made in another country, it shouldn't be the United States' damn business, and certainly shouldn't be taxed in the United States.

But they use that money in the US.

You basically just stated a US company could have 100% of sales overseas and all profits would be untaxed.  Do you think that company and their employees would only spend the money overseas?



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Hell, we should just make it so all companies, regardless of where their headquarters are, should be required to pay taxes to the United States. Even ones that don't do business here at all. That would make more sense :P



Money can't buy happiness. Just video games, which make me happy.

Baalzamon said:
overman1 said:
Baalzamon said:
Who cares? The money was made in another country, it shouldn't be taxed in the US anyways.

do you understand how the us tax system works?

I do, and it is a load of crap. If a sale is made in another country, it shouldn't be the United States' damn business, and certainly shouldn't be taxed in the United States.

Same reason why if you win a lottery draft in another state you have to pay the taxes not in that state but your home state of residence...even though the money is coming to you from another state.



I would do the exact same thing.
And every other company does the exact same thing.



Imagine not having GamePass on your console...

Better than giving it to an inefficient and corrupt government that would waste the received dollars.



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Viper1 said:

But they use that money in the US.

You basically just stated a US company could have 100% of sales overseas and all profits would be untaxed.  Do you think that company and their employees would only spend the money overseas?

A) No...they don't use that money in the US. That money stays abroad, and is often used for foreign acquisitions or sits on the balance sheet. This is why companies want the US to do a 1 time repatriation tax holiday. It would allow them to bring over $1 trillion of cash back to the United States that currently cannot be spent here.

B) If your argument that it should be taxed is that the money is used in the US, then next time you go to another country, you should also pay that countries income tax, because you are using your money in their country. See how much sense that makes?

C) If a US company has 100% of sales overseas, it will still be taxed in the country where the money was made (as it should be). So no, it isn't untaxed.



Money can't buy happiness. Just video games, which make me happy.

Baalzamon said:
Hell, we should just make it so all companies, regardless of where their headquarters are, should be required to pay taxes to the United States. Even ones that don't do business here at all. That would make more sense :P

Ahh yes, hyperbole, that's a constructive literary device to be using here.  Well played.

If companies spent half as much on lobbyists to make the tax code the complete mess that it is, to actually overhaul the tax code entirely, maybe they wouldn't have to circumvent the system they had a much larger hand in creating than any average joe citizen.



lol
can't actually believe people in this thread are actually supporting this practices....
Then they wonder why the economy got so fucked up in the first place....



Most if not all international companies do this, although not at this level :). It is a practice I don´t like. If you don´t like the way the taxation work in a country, fine, but respect those laws still.

MS is way to important to the US government for them to hunt MS on this matter, sad as it is to say.



This isn't surprising.

The amount is however.



 

Here lies the dearly departed Nintendomination Thread.