By Sikander Hayat
not come out
very well against any moral code. Apple has a sweatheart deal with
Republic of Ireland where Apple pretends to pay tax and Irishgovernment pretends to collect tax. Irish tax rate is probably lowest
among the OECD member states and is sucking a lot of good money from
hard working people around the world. Compared to United Kingdom, UStax rate was really high but it is now at the same level at 20%.
this and any unforeseen disasters like Katrina hurricane
where only entity with the power to help is government of United
States government. With budget deficits rising and federal debt
increasing every second, how is the united states government going to
finance its operations.
Trumptax cuts may help big corporation but these won’t help lower and
middle class Americans. One positive outcome could be that largecompanies which are hoarding money outside United States will
hopefully declare their profits in US and will start paying their due
share of corporate tax which has now come down to 20%.
Google,Amazon, Starbucks e.t.c. do not pay their fair share of tax anywherein the world. They make a lot of money around the world but concoct atax evasion system which is barely legal and yet does
Some
of these mega corporations have more money than entire countries and
therefore have power to change rules in their favour. They do this by
giving huge donations to campaigns run by their preferred candidates.
These candidates (we are not just talking about United States but all
the major countries of the world) in return give assurances to their
paymasters that nothing will be done contrary to the demands made by
these corporations.
Mostbig corporations are multinationals and they threaten every country
that they will move somewhere else if the taxation arrangements are
not made according to their demands. In some very ominous cases,
these corporations control print & electronic media and conspireto change public opinion against people who dare to challenge their
hegemony. Instead of sovereign governments running the affairs of
their countries, these unelected money men (most top CEOs are men)
run the governments. They tell the governments when to go to war and
against whom. It is now accepted that oil companies whose assets werenationalised in Iran and other countries in the world directly
influenced US and other western governments to involve themselves inregime change.
Trump
is also pushing his agenda as far as judicial branch of the
government is concerned. He has so far appointed one supreme courtjustice and nine circuit court judges. Compared to Trump, Obama onlyappointed three circuit court judges by this time of his presidency.
It
is safe to say that Trump is choosing judges who are conservativeleaning and have established record of decisions made in past which
fit conservative agenda. It is important to understand that a lot of
Trump agenda has the potential to end up in courts and the presence
of Republican judges will help in countering any threats to
Republican agenda. We saw this in practice when Trump tried to ban people from mostly Muslim majority countries from travelling to
America. The first executive order was blocked right away by courts
as anti constitutional and second once was allowed to remain but with
lots of changes to the original order.
By
far the biggest achievement so far by Trump is the passing of taxbill which will effect many future generations of America. There is a
counter argument that this lowering of tax bill will result in lowerintake by US treasury which will result in even lower investment in
United State’s crumbling infrastructure. Many of the roads,
bridges, airports, public transport and other infrastructure is sub
standard and crumbling. How the United States government intends to
pay for all
Only
time will tell if what is being enacted now will be fruitful for
America with many companies relocating back to US soil and paying
taxes or if the tax intake will go down even further.
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