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   obrhoff (obrhoff@chaos.social)'s status on Thursday, 09-Jan-2025 00:06:16 JST obrhoff

   So what happens, if we regulate tech companies or close tax loopholes in europe such das Ireland?

   Will you threat us with leaving NATO? The US and its billionaires start to turn against their biggest allies for profits.
   #meta #trump

   • Embed this notice
     Ian Wagner (ianthetechie@fosstodon.org)'s status on Thursday, 09-Jan-2025 00:24:22 JST Ian Wagner

     in reply to

     @obrhoff this post is ironic since Trump in 2016, largely targeting Meta and Apple, introduced an outrageous law that lets the US tax any US person (legal or natural) with 10% or more ownership of a foreign company as if they actually received any profits. To “bring that money home” at US tax rates whether it moved or not. And screwed every American entrepreneur overseas in the process, since the US is one of two countries that taxes citizens worldwide.