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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: sense who wrote (170309)4/8/2021 2:03:56 PM
From: Sun Tzu1 Recommendation

Recommended By
sense

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Focusing the taxes on financial services, especially on foreign exchange, limits the ability of corporations to lie about their true income. It prevents them from establishing profit and loss centers around the globe and play shell games about how much money they really make. In my proposal, if a company pays its Irish subsidiary $BBB for licensing their own intellectual property, they still will have to pay for that transaction. If they find those fees too high, then they should negotiate with their subsidiary to charge them less <G> or bring back their R&D to the US.

There should be no loopholes around the foreign exchange tax. No tax credits. No special considerations for special industries. No nothing! You send money to a foreign location, then you pay. Period.
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