Fixing this sort of loophole should be far higher on Congress's list of priorities than it is now. There is no reason why a massively profitable corporation like Google should pay so little in taxes when poor Americans are nickel-and-dimed with sales, payroll and income taxes.
The standard arguments against corporate taxation are that it's double taxation (the shareholders are already taxes on capital gains and dividends) and that higher corporate taxes lead corporations to choose to base their operations in other countries (e.g. Ireland).
The problem goes far beyond Google Ireland and Google Netherlands. What about Tata, Reliance, Baidu and Guinness? None of them pay their fair share to the US government.
Something must be done about these evil corporations which exist outside the US, don't bring money into the US, do no business in the US, and pay no taxes in the US!
Should US corporations pay the Indian and Chinese governments taxes if they employ people educated by the Indian and Chinese governments? Should all computing companies worldwide pay the British government for their investments in foundations of computing?
How much of SV are immigrant engineers in general although? Is it really the USA or just the fact it became a hollywood and it's gravity keeps it going?
