By using this site, you agree to our Privacy Policy and our Terms of Use. Close
Wyrdness said:
johnsobas said:
I really don't understand these people who think corporations need to pay US taxes on earnings that were earned overseas. They do pay taxes on money earned inside the US, they don't want to bring the money they earned abroad back to America because of taxes. They are not obligated in any way to bring that money to the US, they already paid taxes in the country where the money was earned.

The reason for this is that these companies do business citing the US as their main and only base of operations when registering in other countries to reduce taxes so in actuality they have to pay on their earnings. They how ever use a loophole where send the money to offshore accounts instead at which point because the money hasn't touch the US system yet the government can't charge them and has no pull with the authorities. 

The money isn't earned in the US.  They don't send the money offshore, it's already offshore.  



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X