re: #356 teleskiguy

A $100 billion hedge fund that owes $7 billion in back taxes? Yeah, I guess that’s not such a big deal after all. Silly me for posting such trite clickbait.

7% of its market cap over 5+ years? Yeah, be as sarcastic as you like but that is rather less of a spectacular matter than your, yes, clickbait seems to suggest.
Also not quite as extraordinary; any real-world rule is subject to interpretation. Any fiscal system particularly is going to have disputes over that interpretation. Any such dispute over a tax rate to be applied to (a significant portion of) a large entity’s profit is going to scale linearly with the size of said entity. So yeah, this is not particularly extraordinary.

Also do note that the system was actually working fine. IRS was going after (and from what I can tell, highly likely to recover) those back taxes.

But in the real world it’s perfectly possible to get these differences of interpretation without bad faith on either side. And all it takes then to get a big back tax bill is a sufficiently large company.

If you can’t see how those percentages are much, much more relevant than the absolute numbers to the original tax dispute you have issues dealing with the scale of a(ny) modern economy, TBH.

Feel free to be entirely legitimately outraged about trying to buy off the administration.
But to be outraged that larger companies have proportionately larger tax bills, and proportionally larger tax disputes isn’t really a productive attitude so yeah, I’ll be happy to call you out on that. Because it’s rubbish.