gallantwarrior
Gold Member
Ok, after reading some posts let me be clear. I'm talking about Transfer Pricing: Transfer pricing is a profit allocation method used to attribute a corporation's net profit or loss before tax to tax jurisdictions.
Which allows a company like Google to pay itself rent...then get deductions for that rent paid to themselves. Or take profits send them to another country and claim they made no money and pay zero taxes on that money.
Thoughts?
Sure. Implement the Fair Tax. That way they pay taxes on what is spent here, not what they earn. Then companies can move overseas all they want, but they will still pay taxes for doing business here. And we are still the biggest consumer market in the world, for now.