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Great deep dive by @tombergin.bsky.social on Tesla's questionable international tax practices. I'll add: while Tesla has found a way to shortchange the US, they are paying 27 times more tax to China than to the US government! America-first, or China-first?
1mo
Zorka Milin
Tesla saved $400 million on its federal taxes by shifting billions of its U.S. profits to countries with lower tax rates. Yes: While you paid your taxes in full, giant corporations maneuvered to pay as little as possible — and it’s all perfectly legal for them. The system is rigged.
1mo
www.reuters.com
Robert Reich