bumblefudge’s Twitter Archive

…in reply to @RottenInDenmark
@RottenInDenmark shutting down tax havens is complicated because companies are allowed to branch off portions of their structure/holdings into subsidiaries, and those are allowed to be in other countries-- and the parent is still allowed many kinds of access to the child across national borders.
Permalink On twitter.com 2019 Jan 7 Mood 0

…in reply to @by_caballero
@RottenInDenmark tax havens are just countries with far looser disclosure/reporting requirements and tax codes-- it's logistically very hard to force companies to only incorporate subsidiaries in "the high taxing countries" without changing the groundrules for how much they report/disclose here
Permalink On twitter.com 2019 Jan 7 Mood -1 🙁

…in reply to @by_caballero
@RottenInDenmark i'm all for it, but when you get into the inside baseball you realize that the tradition of offshoring is literally older than the US, and is the daily bread of entire sectors of the bookkeeping industry! much more complicated than adjusting tax rates and tax codes, it turns out
On twitter.com 2019 Jan 7 Mood 0