Short term cost for long term profit. Look at all the companies that up and left Delaware after what their courts pulled with musks pay packet.
Comment on Gary Stevenson: 'Tax wealth or we'll return to the feudal age'
BestBouclettes@jlai.lu 2 days agoYou realise that they’ll not leave because it would be A LOT more expensive than just paying their taxes right ? Moving assets is expensive, they will not sell all their property, they will not move their companies. Them moving away is just propaganda for fools like you.
And in any case, they already don’t pay much, even if 1% of them move away, the tax income from the rest will make up for it.
GoatSynagogue@lemmy.world 2 days ago
group_hug@sh.itjust.works 2 days ago
According to Abigail Disney they already pay more to avoid taxes than the cost of the taxes themselves.
BestBouclettes@jlai.lu 2 days ago
That’s absolutely not surprising. Paying for attorneys, transfer pricing experts, etc. would definitely cost a lot more
gtrcoi@programming.dev 2 days ago
How is it not surprising when it contradicts your argument?
BestBouclettes@jlai.lu 2 days ago
Because it allows them to increase their wealth, but the assets and properties are not moving or changing hands (well, they kind of are by moving from holding A to holding B, but the holdings are still entirely within their hands). That’s the expensive part which justifies paying experts.