Double Irish Arrangement

[Lerch]

http://en.wikipedia.org/wiki/Double_Irish_Arrangement

The Double Irish Arrangement is a tax avoidance strategy that U.S. based multinational corporations use to lower their income tax liability. The idea is to use payments between related entities in a corporate structure to shift income from a higher-tax country to a lower-tax country. It relies on the fact that Irish tax law does not include effective transfer pricing rules.


Major companies known to employ the Double Irish strategy are:

Eli Lilly and Company
Forest Laboratories
Google
Microsoft
Oracle Corp.
Pfizer Inc.

Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

[Spaz]

Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

How can the Govt. lose money it didn't earn ? Govt. doesn't have it to lose ...they steal it from the TAX PAYERS on every level ....why don't they BALANCE THE BUDGET and quit spending and printing money rather than worrying about money they DIDN'T EARN ? JMHO
edit : Double Irish agreement,Dutch sandwich these sound like names for dirty sex acts

[Lerch]

Agreed, but I want to hide my income too, why can't I do that?

[Spaz]

Me to ...

The thing that kills me is the U.S. has either the 2nd to or the highest corporate tax rates..
They wonder why companies try to find loop holes or move overseas. They don't think of lowering
it and enticing those companies to bring their money and jobs back here. They are taxing,spending and regulating the country to the point of becoming a de-developing nation.

[WadeJordan]

part of the Fair Tax was to get the cprpriate tax one of the lowest

ifthat was ever passed we would have no problems finding jobs cause every corp would want to be in the states

ive always gottn pissed when i hear people saying corps dont pay enough in taxes. These are the people that pay wages and are the people that can find loop hole to not paying them, if you lower the taxes for them, in a whole everything is better