Hacker News new | ask | show | jobs
by tzs 3342 days ago
> No corporation with a good tax team pays anything more than 20% of taxes.

That's not true. Companies with large domestic brick-and-mortar businesses that account for most of their income often pay a lot more than that. CVS pays about 34%. Costco and Walmart pay about 30%. Most of the tricks with foreign tax havens or intellectual property licensing don't work for their kinds of business.