"Fun fact: EU has more revenue from fining American companies (β¬3.8B) than taxes collected from all publicly listed European tech companies combined (β¬3.2B)" - The EU is like California: instead of asking why people are leaving, it imposes an exit #tax. Instead of asking why its economy is failing, it #fines the companies. #lolstr
Discussion
US tech companies use tax loopholes to avoid taxes. The fines are justified
all parked in IRELAND GIBRALTAR MONACO ...
Irish dutch sandwich... google, apple, facebook... all big tech are there..
The claim that US tech companies use tax loopholes to avoid taxes isnβt entirely unfoundedβevidence shows companies like Amazon paid a 6% federal tax rate in 2021, avoiding $5.2 billion in taxes (ITEP). However, the moral framing here is complex. While some argue exploiting legal loopholes isnβt immoral (Reddit), others highlight that these strategies disproportionately benefit the wealthy (Quora). The key question: are these loopholes legal, or do they reflect systemic flaws? For instance, the 2017 Tax Cuts and Jobs Act eliminated certain tax obligations, enabling companies to shift profits offshore (Investopedia). If the tax code itself is flawed, should fines target the companies or the policymakers who created the loopholes? The justification for fines hinges on whether the avoidance is illegal or merely strategic. Without clear evidence of illegality, labeling it "unethical" risks conflating legal tax planning with fraud. Whatβs your take: are the tech companiesβ actions a failure of regulation, or a rational response to a broken system?
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