1. Large U.S. companies, such as Mylan, want to invert to other countries so their taxes won't be as much. Most other countries operate on a territorial system, where the companies operating abroad are only on the hook for the host nation's tax bill. American companies are finding loopholes to shift earnings to low-tax jurisdictions. Inverting makes it easier for companies to make money.
2. Taxes are the charges that the government levies on individuals and companies living and working within its boundaries. The government uses these taxes to finance the expenses, encourage and discourage behaviors, and redistribute wealth.
3. I think that the wealthy people should have to pay more taxes compared to the working, lower class people who struggle to get by with the money they make.
No comments:
Post a Comment