[spaceman_2020]

You have too much faith in companies that set up elaborate offshore entities in tax havens just to escape paying any taxes in the countries they actually operate out of.

Ever wonder why all these honest and upstanding companies seem to have their HQs in Ireland of all places?

[s1artibartfast]

You say that like it is a bad thing?

They follow the law. If you find fault with the law fix it.

If you don't like tax deductions, don't begrudge people for taking them. Remove them.

[getcrunk]

Yes sure, I'll use my billions I saved from crooked tax law to lobby for less crooked tax law. That's how it works right?

[s1artibartfast]

do you take deductions on your personal tax filings or voluntarily deny them?

[rabbidruster]

Thats quite a straw man. There's a pretty big difference between using a benefit as intended and taking advantages of loopholes in tax law by creating multiple shell entities around the globe. You can argue they have a duty to shareholders to optimize profits, but let's not pretend it's the same thing as paying your taxes as the law intended.

[nirvdrum]

As a US citizen you can't declare your income was earned in Ireland and avoid or reduce paying US federal income tax. You can't avoid US federal income tax even if you lived in Ireland and worked for an Irish company for that year.

[s1artibartfast]

You can renounce your citizenship which is essentially the same thing.

[nirvdrum]

You can't just renounce it. It's a quite expensive process. And naturally, once you have, you no longer receive any of the benefits of US citizenship. Whereas the companies in question get to avoid taxes while retaining the benefits of being located in the US.