Reply to post: Profits?

Silicon Valley Scrooges sidestep debt to society through tax avoidance to the tune of $100bn

Venerable and Fragrant Wind of Change

Profits?

But this is a lie, since the original article talked about tax rates on profits

By whose definition?

I don't know if it applies in this case, but very often tax advocacy pressure groups arrive at 'profit' figures by calculations that are a whole lot more bogus than the tax-avoidance the companies themselves use.

Anyway, it's for governments to set the rules, and for people and companies acting within those rules to avoid over-paying. If a big company is breaking the rules, they should be prosecuted - and that's a threat that tends to keep businesses in order where there's anything (like real-life profits) to lose. If they're not breaking the rules, then it's not them who are wrong, it's the rules and/or the critics.

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