The "breaks" you reference is primarily them avoiding the high US tax
rates and shifting their profits to lower cost jurisdictions.
In 2016 Microsoft earned $20 billion in foreign profits, and generated a $300 million loss in the US. They paid an overall WW effective tax rate of 16%, but you'd have to be a moron to point to their 16% overall effective tax rate and say "see, the high US rates aren't a problem because Microsoft only pays an effective rate of 16%". Well, they pay an effective rate of 16% because they avoid paying the high US rate altogether. That IS precisely the problem
[Post edited by BocaHoo91 at 12/13/2017 2:27PM]
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In response to this post by hokeyhokie)
Posted: 12/13/2017 at 2:21PM