Economy 52,928 Posted June 3, 2020 Author Share Posted June 3, 2020 1 minute ago, Twitter said: When will @Twitter @Starbucks What do I feel like Twitter is not its own company but rather owned by a parent company? Correct me if I'm wrong tho Link to post Share on other sites More sharing options...
Twitter 14 Posted June 3, 2020 Share Posted June 3, 2020 2 minutes ago, Economy said: What do I feel like Twitter is not its own company but rather owned by a parent company? Correct me if I'm wrong tho Twitter’s parent used to be a company named Odeo, but Twitter is the parent of several other products like Vine and Periscope. Link to post Share on other sites More sharing options...
rumours 45,521 Posted June 3, 2020 Share Posted June 3, 2020 10 minutes ago, Twitter said: When will @Twitter @Starbucks You will get ahead soon Twattle, laying golden eggs in no time. Link to post Share on other sites More sharing options...
AsleepOnTheCeiling 6,980 Posted June 3, 2020 Share Posted June 3, 2020 43 minutes ago, Nino said: I meant corrupt as in given an unfair advantage by the government over competitors. Aren't tax benefits enjoyed by bigger companies and not competitors as well as some lobbying efforts and legal protections? 10 minutes ago, Twitter said: Twitter’s parent used to be a company named Odeo, but Twitter is the parent of several other products like Vine and Periscope. I had to look up why you listed Vine and found out they still have a Vine Camera app. Neat. Link to post Share on other sites More sharing options...
Archduchess 2 Posted June 3, 2020 Share Posted June 3, 2020 15 minutes ago, Economy said: Unfortunately humans are not mature enough Link to post Share on other sites More sharing options...
Economy 52,928 Posted June 3, 2020 Author Share Posted June 3, 2020 Just now, justhislife said: Aren't tax benefits enjoyed by bigger companies and not competitors as well as some lobbying efforts and legal protections? I had to look up why you listed Vine and found out they still have a Vine Camera app. Neat. I don't think big companies pay lower taxes than small ones I think that's a myth It's wealthy individuals that do because capital gains is taxed much lower than regular income on the upper income brwckets Link to post Share on other sites More sharing options...
Fame Romance 10,517 Posted June 3, 2020 Share Posted June 3, 2020 Where is Maus Labs tho? Link to post Share on other sites More sharing options...
AsleepOnTheCeiling 6,980 Posted June 3, 2020 Share Posted June 3, 2020 7 minutes ago, Economy said: I don't think big companies pay lower taxes than small ones I think that's a myth It's wealthy individuals that do because capital gains is taxed much lower than regular income on the upper income brwckets Not directly I admit, but through things such as subsidies and reinvesting. I also find the lack of antitrust suits a form of corruption. But that doesn't affect the companies on the list as far as I'm aware (I really wish bolding was more obvious). Directly, Apple engages in patent wars over the smallest things, while also blanket patenting vague designs. This isn't exclusive to Apple, but they're big perpetrators of it, and it stops the innovation of technology (this is also why there aren't many chip companies, though that's Qualcomm's fault). Link to post Share on other sites More sharing options...
Nino 12 Posted June 3, 2020 Share Posted June 3, 2020 41 minutes ago, justhislife said: Aren't tax benefits enjoyed by bigger companies and not competitors as well as some lobbying efforts and legal protections? They'd have to actually pay all their taxes first. Link to post Share on other sites More sharing options...
Economy 52,928 Posted June 3, 2020 Author Share Posted June 3, 2020 23 minutes ago, Nino said: They'd have to actually pay all their taxes first. All businesses big and small have expenses they can write off and stuff they can deduct. None of them actually pay the true base rate Large companies because if scale do have the ability to take advantage of loopholes to a greater degree but then their tax rate is bigger than small business In the end some businesses manage to lower their taxes more than others. Amazon pays no income taxes cuz they expand at such a fast rate and expense it all. This is why I think a tax based on revenue rather than profits would be simpler and more successfully avoid tax evasion cuz profits can be arbitrary depending how you wanna play with the numbers in paper The irony tho is that the same people that complain companies don't invest enough with tax breaks so it's not worth it are the same ones that complain about Amazon not paying taxes but investing a lot is exactly what they are doing Link to post Share on other sites More sharing options...
BlackCrown 1,794 Posted June 3, 2020 Share Posted June 3, 2020 1 hour ago, Economy said: Is that sarcasm or are you serious? Don't mind me, Idk why I said that it sounds stupid as hell lmao I'm not dumb I promise My crown is black, like the soul of fame Link to post Share on other sites More sharing options...
AsleepOnTheCeiling 6,980 Posted June 4, 2020 Share Posted June 4, 2020 20 minutes ago, Economy said: All businesses big and small have expenses they can write off and stuff they can deduct. None of them actually pay the true base rate Large companies because of scale do have the ability to take advantage of loopholes to a greater degree but then their tax rate is bigger than small business In the end some businesses manage to lower their taxes more than others. Amazon pays no income taxes cuz they expand at such a fast rate and expense it all. This is why I think a tax based on revenue rather than profits would be simpler and more successfully avoid tax evasion cuz profits can be arbitrary depending how you wanna play with the numbers on paper The irony tho is that the same people that complain companies don't invest enough with tax breaks so it's not worth it are the same ones that complain about Amazon not paying taxes but investing a lot is exactly what they are doing Amazon is smart about expansion and makes sure to grab up land when they expand. I could imagine that like McDonald's, they view land as a real estate investment on top of whatever purpose they buy it for (I'll link an interesting article talking about how McDonald's is really a real estate company). It's crazy what things they're able to come up with in order to reduce their tax liability. I think it's corrupt that lawmakers don't close loopholes or even excuse them. It took them so long to close the Bermuda loophole, and even then they sucked up to companies and tried to pass it off as a benefit to taxpayers (as if the trickle-down effect works). A tax system based on revenue rather than profits is a bit closer to the tax system for individuals and I think it would be more fair in a sense, but there are some companies that would only be posting losses because of their narrow margins. https://qz.com/965779/mcdonalds-isnt-really-a-fast-food-chain-its-a-brilliant-30-billion-real-estate-company/ Link to post Share on other sites More sharing options...
vyniildisk 12,689 Posted June 4, 2020 Share Posted June 4, 2020 Mine will be there. Link to post Share on other sites More sharing options...
Economy 52,928 Posted June 4, 2020 Author Share Posted June 4, 2020 19 minutes ago, justhislife said: Amazon is smart about expansion and makes sure to grab up land when they expand. I could imagine that like McDonald's, they view land as a real estate investment on top of whatever purpose they buy it for (I'll link an interesting article talking about how McDonald's is really a real estate company). It's crazy what things they're able to come up with in order to reduce their tax liability. I think it's corrupt that lawmakers don't close loopholes or even excuse them. It took them so long to close the Bermuda loophole, and even then they sucked up to companies and tried to pass it off as a benefit to taxpayers (as if the trickle-down effect works). A tax system based on revenue rather than profits is a bit closer to the tax system for individuals and I think it would be more fair in a sense, but there are some companies that would only be posting losses because of their narrow margins. https://qz.com/965779/mcdonalds-isnt-really-a-fast-food-chain-its-a-brilliant-30-billion-real-estate-company/ Literally what I was thinking. Not only would a tax based on revenue be more standard and uniform, predictable and harder to evade... But it's also more fair to tax like individuals We pay taxes on all our income not just our disposable income that we have left over. We do not get to write off mortgage/rent expenses, transportation expenses, groceries etc to reduce our income taxes If we pay taxes on all our income companies should too not just profits. Of course a tax based on revenue rather than profits would have to be a lower rate than the profit one or else consumer prices gonna surge Link to post Share on other sites More sharing options...
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