generic-user-1 on 30 June 2015
| SamuelRSmith said:
EDIT: What makes the situation even worse is that, actually, the US Gov't also does this to their corporations. American corporations have to pay corporation tax on their profits made in other countries. Apple selling Chinese made iPhones in the UK, the American Gov't takes a slice of that! America is the only country in the world that does this (I think there's a couple of other small South American countries that do the same), and it also has one of the highest corporate tax rates in the world. |
thats just true if they take their money back to the US. thats why some US corps have huge money reserves in irland( low tax).
