MISSEDLINK

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• "Apple - like Google !"

 

 

 

 

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• "had benefited from what the US government - provided !"

 

 

 

 

 

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• "educated workers - trained in universities !"

 

 

 

 

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• "that were supported both directly by government - and indirectly, e.g. through generous charitable deductions !"

 

 

 

 

 

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• "the basic research on which their products rested - was paid for by taxpayer-supported developments !"

 

 

 

 

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• "and the Internet - without which they cannot exist !"

 

 

 

 

 

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• "they depended in part - on the legal system !"

 

 

 

 

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• "including enforcement of - intellectual property rights !"

 

 

 

 

 

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• "they asked the US government - and got !"

 

 

 

 

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• "to adopt - this standards !"

 

 

 

 

 

 

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• "it was an unfair - tax regime !"

 

 

 

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• "with US-America standing out in the forefront - and the UK not far behind !"

 

 

 

 

 

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• "it was the starving - of the public sector !"

 

 

 

 

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• "no longer being the land - of opportunity !"

 

 

 

 

 

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• "it is about the way of - globalisation !"

 

 

 

 

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• "the average US-American worker - was under the pressure from globalisation !"

 

 

 

 

 

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• "has seen his income - fully adjusted for inflation !"

 

 

 

 

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• "to the point where a fulltime male worker in the US - has an income lower than four decades ago !"

 

 

 

 

 

 

• "these companies had tried to exploit the - tax loopholes !"

 

 

 

 

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• "and had tried to evade their - global social responsibilities !"

 

 

 

 

 

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• "the US could not have a functioning - corporate income tax system !"

 

 

 

 

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• "if we had elected to have a - transfer price system !"

 

 

 

 

 

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• "where firms "made up" the prices of goods - and services - that one part bought from another !"

 

 

 

 

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• "allowed profits to be booked to one state - or another !"

 

 

 

 

 

 

• "it would be therefore good - if there is an !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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• "international agreement - on the taxation of corporate profits !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

• "the US by itself can go a long way - to moving reform along:  !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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• "any firm - selling goods there !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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• "can be obliged to pay a tax - on its global profits !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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• "say at a rate of - 30% !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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• "( at least 15% - better 20% - even better 30% !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! )"

 

 

 

 

 

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• "based on the - consolidated balance sheet !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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• "with a deduction for corporate profits taxes - paid in other jurisdictions - up to some limit !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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• "in other words, the US would set itself up - as enforcing !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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• "a global minimum - tax regime !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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• "for more fairness - in the world !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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