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Facebook co-founder wants to renounce his U.S. citizenship to save $67 mil in taxes
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PICK3
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Re: Facebook co-founder wants to renounce his U.S. citizenship to save $67 mil in tax
As Facebook grows, millions say, 'no, thanks' - CBS News
As Facebook grows, millions say, 'no, thanks' - CBS News
PICK3
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Re: Facebook co-founder wants to renounce his U.S. citizenship to save $67 mil in tax
Facebook IPO: $38 Shares Biggest Tech Offer - ABC News
Facebook IPO: $38 Shares Biggest Tech Offer - ABC News
mrplunkey
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Re: Facebook co-founder wants to renounce his U.S. citizenship to save $67 mil in tax
Growing up, taxes were a calculation you did once per year. You bitched about the check you wrote, then went on about your business.
In my early adulthood, tax planning was done a couple of times per year to see if any opportunities were available.
Today, tax planning is woven into every single decision. And it's not just obvious things like manufacturing. It impacts white collar jobs (i.e. "Could that job be hired in the Irish office to increase our presence outside the US? (it's a tax thing). Or "If we don't use a US manufacturer, will that increase our non-US presence?". And now, it's gone one step further: To make sure our patents and other intellectual property land in the proper non-US country, we actually suspend US-based marketing people from projects (usually temporarily) until the patentable aspects of a project are complete and the non-US filing is done.
I've been saying this for a few years now, but the undermining of the US tax base in response to Barry's rhetoric is unlike anything I've ever seen in my lifetime. And electing a different president won't fix it. They'd have to lower corporate tax rates to 10% or less to not make it worth a company's time to jump through the crazy tax mitigation hoops we do now.
Growing up, taxes were a calculation you did once per year. You bitched about the check you wrote, then went on about your business.
In my early adulthood, tax planning was done a couple of times per year to see if any opportunities were available.
Today, tax planning is woven into every single decision. And it's not just obvious things like manufacturing. It impacts white collar jobs (i.e. "Could that job be hired in the Irish office to increase our presence outside the US? (it's a tax thing). Or "If we don't use a US manufacturer, will that increase our non-US presence?". And now, it's gone one step further: To make sure our patents and other intellectual property land in the proper non-US country, we actually suspend US-based marketing people from projects (usually temporarily) until the patentable aspects of a project are complete and the non-US filing is done.
I've been saying this for a few years now, but the undermining of the US tax base in response to Barry's rhetoric is unlike anything I've ever seen in my lifetime. And electing a different president won't fix it. They'd have to lower corporate tax rates to 10% or less to not make it worth a company's time to jump through the crazy tax mitigation hoops we do now.
Strongbow
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Re: Facebook co-founder wants to renounce his U.S. citizenship to save $67 mil in tax
Hell why not most got damn ngrs and no fucking wet back Mexican mutha fuckkas pay taxes, and get free health care, free phones, free food, so WTF is wrong with somebody being smart enough to play the system as the Mexicans and ngrs have learned to. Fuck the goverment and fuck your ngrs President.
Hell why not most got damn ngrs and no fucking wet back Mexican mutha fuckkas pay taxes, and get free health care, free phones, free food, so WTF is wrong with somebody being smart enough to play the system as the Mexicans and ngrs have learned to. Fuck the goverment and fuck your ngrs President.
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Strongbow
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Re: Facebook co-founder wants to renounce his U.S. citizenship to save $67 mil in tax
Yo momma got the drop on me and had me tied up in her closet for a couple weeks.
Yo momma got the drop on me and had me tied up in her closet for a couple weeks.
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