What do you think of companies like google paying 2.4% tax while the small business owner pays 40% or more?

2 answers

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ANSWER #1 of 2

They're using loopholes to legally "evade" paying US income tax. Essentially, money is transferred between subsidiaries and ends up in places that have no income tax, giving Google a super low income tax rate.

However, the only problem with this exploit is that it's temporary. Companies are only allowed to do this until they decide they'll shuttle the money back into the US, and are therefore only postponing their taxes indefinitely. So, it sounds like it's not fair, and for the most part it's not, but they don't get to keep the money forever. In the end they'll pay the same as everyone else.

ANSWER #2 of 2

Well I own a LLC in the US and get taxed heavily and if I was going to go INC I would have double taxation, but if I was to offshore my computer service company to Panama I would not have to pay taxes on real estate for 20 years, and as long as I employed Panamanians I would barely pay any company taxes. Also I could leave my money in their banks, get higher returns on my money, and then just retire their.

Can I get a small business loan after filling bankruptcy?

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