Tax avoidance scheme sounds like menu item at "tony" coffee house
Comment: This is complex and not completely understood by me. Related articles.
- Overseas Profits: When a 95% Tax Cut Doesn't Cut It (specifically mentions “double Irish” and “Dutch sandwich.”)
- WIKI Double Irish arrangement
- Dilbert cartoon strip
- ‘Double Irish With a Dutch Sandwich’ NYTimes graphic
- Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
- How Google's Refusal To Pay US Taxes Means US Taxpayers Fund Its Innovation, Resulting In A Benefit Of $100/Share (Scroll down for Bloomberg graphic)
- Tax avoidance: how big business cuts its bills: Double dips and Dutch sandwiches are two of the many strategies that big companies use to pay less tax
- U.S. Companies Dodge $60 Billion in Taxes With Global Odyssey
- Apple cash staying overseas because of taxes, company says
- Overseas Cash and the Tax Games Multinationals Play
- Companies Push for Tax Break on Foreign Cash
- Top U.S. Firms Are Cash-Rich Abroad, Cash-Poor at Home
- I confess ... I don't completely understand how the tax avoidance schemes work. The graphics help.
- It angers me!
- My naive and probably overly simplistic solution .... reduce or eliminiate US corporate income taxes (not property taxes!). My reasoning:
- All corporate taxes are ultimately paid by the end consumer. These articles suggest that it is more complex than that: Who Pays the Corporate Income Tax? and Who Ultimately Pays the Corporate Income Tax?
- If there were no corporate income taxes there would be no need to scheme to avoid them
