How Large Companies Avoid Taxes legally 😯

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[GamezWithMe]

Dang that meme brought back some memories alright

[firebolt]

It's crazy how the government cares more about companies then their own people

[SimplexScout]

yup when the average person trys doing it the irs is knocking on your door

[OvernightCountFraud]

Don't fall for "getting even" with corporations. They pass their tax increases along to the consumer in higher prices.

[zainjaved]

The government exempts them because if they don’t, they’ll leave that country, and the government will lose out on 100, 000+ Employee taxes

[MuhammadAbdulRahman]

Make a video on range of legal deductions and exemptions

[yurx]

thats why we should stop paying taxes wtf they gonna do

[sbombfitness]

A lot of big corporations are able to not pay taxes cuz they don't make any profit or had large losses in the past that make up for present profits. Companies like Uber, AirBnB, even Amazon (until recently) have billions in revenue but also billions in costs and you're only taxed on profits, not revenue, so they don't have to pay taxes. Also, it's very beneficial for companies to lose less money to taxes as that means we get products for cheaper and if the companies do better, they hire more people and/or pay them better, which is a big plus. I'd personally love it if EY paid less tax and got money from the government cuz that means I'd get a better salary and bonus

[whynot]

So when they write off expenses, in the end they only pay taxes on their profits, right?

[boeinga]

I bet they called Saul to find a legal loophole

[egechicken]

Tax- and accounting-fraud are my favorites

[TheThreatenedSwan]

Tax competition is good. Force different countries, or states, to use that money wisely otherwise we're just cattle

[YouMakeItHappen]

I got a crazy idea that won't work.... Start taxing public companies based on their quarterly earnings report that they release to the public.

[fluidicrift]

That's because taxes on a company is an economic give and take.

If a company sets up a plant and hires hundreds of people to run it their costs in setting up the plant becomes tax exempt since it creates a positive economic outcome.

Taxes are the stick the government uses to direct business activity towards productivity.

Try to think behind that 85 billion how much economic activity there was.

[seanfisher]

The government benefits, why else would lawmakers be significantly better investors than the average joe

[lt]

I have mixed feelings on this. If you tax them they leave the country where it’s cheaper to produce and Jess regulation and bureaucracy

[houdiniabracadabra]

They do produce a lot of tax income via employing a lot of people which generates income taxes. They also generate Sales and use tax by doing business. So releaving them from their own income tax is beneficiant or else they might go elsewhere.

[ajgraham]

Still af fan of taxes based on net worth

[jameswallace]

These companies should pay 30% of the after profit dollars to the employees. Then the government gets its taxes and then the companies get a rebate on the back end.

[peterhiser]

I mean 8.5 billion is a lot but the government spend 10 billion dollars a day...