Question
Domicile is a smart way of taxing individuals in my opinion. Especially rich individuals who own several homes or for people who have international income
Domicile is a smart way of taxing individuals in my opinion. Especially rich individuals who own several homes or for people who have international income or work overseas but live in the U.S. As the article makes clear, there are still some boundary issues regarding the classification of domicile and in some areas there is a blurring of the lines. There are many sufficient rules to rule domicile but the IRS should try to fix this and avoid more situations like Fowler vs North Carolina Department of Revenue.
The European Commission Union initially brought the case to attention claiming that Ireland had broken the European Union laws by granting tax advantages to Apple. The European Commission ordered the government of Ireland to collect the 13 billion euros in order to make up for the tax underpayments by Apple. It is abundantly clear that the government of Ireland gave Apple an unfair advantage in the market place. This unfair advantage also would hurt shareholders in different companies because their products would not be doing as well as Apple due to the increasing prices. This huge mess could have been easily avoided if the EU would have complied with the standards of law provisions. I believe the outcome of this case was necessary in order to set a tone for what will happen if governments intervene and aid big businesses illegally.
QUESTION: DO YOU AGREE WITH THE ABOVE STATEMENTS? EXPLAIN
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