I agree it should be harder the bigger you are, but it's not the tax rate. Right... | Hacker News

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ulkram on March 8, 2019 | parent | context | favorite | on: Elizabeth Warren Proposes Breaking Up Tech Giants ...

I agree it should be harder the bigger you are, but it's not the tax rate. Right now, FAANGs either run a 0% profit margin, or book their profits to Ireland.

Changing tax rates don't fix either of those.

hopler on March 8, 2019 [–]

Tax on worldwide profits, credit foreign taxes paid. You know, the same rules as for mortal non corporate persons.

Sales/Use/VAT tax for payments to wholly owned subsidiaries.

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