Corporate Tax Avoidance: How it happens, how it is changing, and what to do about it
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- เผยแพร่เมื่อ 12 ส.ค. 2015
- Join us for our August Fuqua Faculty Conversation with Scott Dyreng, Associate Professor of Accounting as he presents:
Corporate Tax Avoidance: How it happens, how it is changing, and what to do about it
In this session, we will talk about:
- How much tax do U.S. corporations pay
- Common misconceptions about corporate tax avoidance
- How corporate tax avoidance has changed since the mid 1980s
- What can be changed to make our corporate tax system more efficient
Our live online session with Professor Dyreng will take place on Wednesday, August 19, 2015 at 11:00 a.m. ET.
Send your questions to conversations@fuqua.duke.edu or tweet them during the live session using #fuquaalumni
Duke needs to redo this after the 2017 tax cuts. Please.
Thanks Professor Dyreng!
Please Prof. Can you explain how the corporations deduct their cost of patents in Ireland.
This information was really helpful thanks!
why would some companies have to pay 60% tax ? also in the graph i didn't see 100B plus companies to the far left which is clearly the case. wonder what's the source of that graph ? thanks!
There you said it, what about a reform where dividend and buyback would be considered as taxable profit?
thanks professor
good video!
Excellent video
Palpatine The Duke he's a professor, not some entertainer
Hard to tax intangible assets especially when the assets have sporadic value.
I have a company in Jamaica and I'm thinking of doing Tax Avoidance
it sounds as if you want tax evasion
+Munya Mj As someone who has a company, its impossible to grow if they bury you in taxes and regulations. I am for the free market. I am delighted to pay taxes at a certain percentage. If it reaches to high, it makes no sense I do business. I would be forced to fire all the workers and go out of business which is not what I would like. If it costs less to hire accountants to help me avoid taxes legally rather than paying taxes then I will definitely do it. I am on the side of the people who wants jobs but apparently they are not on they're own sides.
economy of scale my friend a 15% increase in tax for instance may not really effect a foutune 500 company but a small bussinesses it can finish them it same reason that minium wage and payroll tax is bad
I can understand this because I'm fairly young and thinking about starting a company in Jamaica. However, you have the 25% corporate tax rate, the NHT, NIS and Edu Tax that you have to pay as a percentage of payroll basically and the other taxes that you may have to pay on assets and it just seems like it would be hell to scale up if I have to give so much of my profits in taxes.
You mean deference legally. Unless you're snitching on yourself. Lol
At 6:55, regarding the "Accounting benefit to foreign earnings, as long as those earnings are indefinitely reinvested...," would be great to see additional information regarding this tax situation. I am in this situation and need to see how to use this for tax planning purposes...
Much like how public companies don't send dividends to shareholders. They reinvest to eliminate that tax liability.
Profits accruing to US multinationals are reinvested abroad in local government bonds or private assets until favourable tax conditions arise in the home jurisdiction when it would make sense to repatriate profits back.
It's not an issue for individuals. In the US we want to double tax corporations who pay tax abroad, when they bring it back to the US. Most countries don't double tax - they are more than happy that companies are earning money abroad and bring it home. The fact US double taxes makes US companies uncompetitive compared to their international competitors.
3:51 why do we have a tax system that gives tax credits and is fraught with so many loopholes? while your gut reaction might be to explain that the tax system is broken, a more complete answer is definitely more complex. the objectives of the tax system are multi-fold. it is true that one objective is to raise revenue, but it is also the case that the government uses the tax system to encourage investment in certain types of assets or in specific industries. the government also uses the tax system as a tool to stimulate economic growth and to achieve social goals, like wealth redistribution.
remember this next time someone calls the economy a free market
What about large corporations lobbying/corrupting politicians in order to access huge tax cuts? The intention behind this is not to promote economic growth, neither comon welfare.
Give me an example or are you just whining. Many corporations have legit reason for taking deduction, and congress at different times has given tax credits to encourage growth in certain industries like solar. So what are you talking about?
A 15% flat tax on all earnings for all corporations. A 15% tax on people who earn more that 25k a year and that is it. No sales tax no state tax. Oh and what money is lost in taxes to the government they can cut to the bone. Get rid of most agency's NSA CIA, Homeland Security, these agency's are stepping on each other anyway. Problem solved. No winners or losers with this plan and if we as a nation need to increase or decrease the rate we can vote to do so.
You're really naïve.
Or even worse...
Oh honeeeeey, you can put whatever tax rate you want of corporate earnings, they won't be recognized is the U.S. They will shift profits to a place with lower taxes
CIA is a vital bureau
Spencer Kim Llido the CIA is here to control us not protect us. So vital for who?
Corporate tax doesn't exist, corporations don't pay taxes however they COLLECT taxes for the government.
What we believe to be the corporate tax is paid by these three sources: owners of the company (shareholders, by reducing the ROI) which is rarely the case and/or the consumers (leads to higher prices, this is the case most of the time) and/or the employees at the company (leads to lower wages).
If we would eliminate the corporate tax what would change? The company, the consumers and the employees would be better off but the government wouldn't have that much money to spend on stupid things like itself.
This professor will become a lobbyist for Wall Street or Citibank when he retires no doubt, if he isn't getting perks from an expense account already.
agreed
New business will only establish if they can anticipate a stabile income. They will only do that if politiinstans are very regular with their reforms. The USA is not such a country these days. It is not a good thing.
Tax avoidance for corporations is no different than an individual deducting charitable expenses, on their individual tax return. I don't understand this fascination with tax avoidance. It's a term that is too broad that have any use here.
How can you fix such broken tax system or could you even repair it ?
The US wants to double tax income earned abroad, just don't tax it twice, like most countries do. Let companies bring it back tax free.
You have to keep in line with what is the average in the world, or else you are screwed. The US is currently among the worst. If Russia has better tax than you, then you are in the wrong.
What are you talking about?
There is no doubt a lamp post near Duke University with this guys name on it......
If the speaker is going to read a dialogue, just provide the dialoge as an article. It would be easier to understand.
Sounds like a personal problem
No apparently tax reform can achieve nothing positive. Yeah right.
Once a upon a time there was no tax. Didn't the America revote against the British on tax on tea?
DrTed Lem ah yes, the good old days. No law enforcement, no roads, no public education, or social security. Wish we could go back
We also had a civil war on unfair taxes.
We had a constitutional amendment to allow income tax - it was sold on the basis of needed to pay war debt.
dear me.... you look like you are always smirking as you speak; no matter how boring or grim the topic is.
average working class people pay a decent percentage of tax on their yearly income. these huge companies are lucky if they pay a couple of million out of billions of yearly income.
regardless of whether or not it's legal - working class people around the world might pay between 10-30% tax on every dollar they make. And companies like apple, google, amazon, ebay, starbucks, exxon mobil etc all seem to pay 0.001%, if any at all - even if my maths is inaccurate, or my terms not quite specific, the point stands; you pay far more tax than the biggest companies on the planet.
riddled with lies and deceit
At which minute?
@@sebastianroy1327 every minute
Sounds like you'd make a good reporter for CNN, or MSNBC.
Mom
tax dodging apologist
george christoforou and