With Trump gone it’s back to being screwed by Uncle Sam for Europe.
Socialize Amazon, Google and facebook.
The 15% global tax rate story is cute. There is already an implicit minimum rate of 10%, below, your country will be officially considered a tax haven, that’s why a lot of (unofficial) tax havens have a corporate tax rate in the 10%-15% range.
However, they have a shit load of unadvertised “exceptions” to be exonerated for part or all of the corporate tax.
This “global tax rate” is going to be the same. Every country will have at least 15% officially and use deals, exonerations, tax credits, subsidies etc. to give the money back.
Note that many tax havens have applauded the idea… because it’s not going to be bad for their business.
Dick shaped spacecraft riding Middle aged Lex Luthor cosplaying bald American named Jeff > Entire European continent
Oh, was this the thing that made it so non-american youtubers had to pay taxes twice?
50 countries or so haven’t agreed on 15% tax.. these tax havens don’t care, Amazon google etc they won’t be paying.. The system is fundamentally broken..
It needs to be Sales tax. A tax of where you do business. Meaning if Amazon profits from Sweden is 100 dollar they need to pay 15 dollar in tax and if they don’t the country should be able to penalize however they like without screeching from corrupt us politicians..
Why are they so obsessed with the tax rate when even with the current ones theres a million loopholes and tax evasion.
“We cant even enforce the current one but lets increase it”
This is honestly just a joke, and will make no dofference other than appeasing anyone stupid enough to think its progress. Will probably only hurt the smaller businesses that dont tax evade and anyone nor rich enough to cheat the system.
Ive always believed you need to fix the system forst and get the momey they owe. Instead of increasing the amount of money they owe to people that dont pay them either way
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With Trump gone it’s back to being screwed by Uncle Sam for Europe.
Socialize Amazon, Google and facebook.
The 15% global tax rate story is cute. There is already an implicit minimum rate of 10%, below, your country will be officially considered a tax haven, that’s why a lot of (unofficial) tax havens have a corporate tax rate in the 10%-15% range.
However, they have a shit load of unadvertised “exceptions” to be exonerated for part or all of the corporate tax.
This “global tax rate” is going to be the same. Every country will have at least 15% officially and use deals, exonerations, tax credits, subsidies etc. to give the money back.
Note that many tax havens have applauded the idea… because it’s not going to be bad for their business.
Dick shaped spacecraft riding Middle aged Lex Luthor cosplaying bald American named Jeff > Entire European continent
Oh, was this the thing that made it so non-american youtubers had to pay taxes twice?
50 countries or so haven’t agreed on 15% tax.. these tax havens don’t care, Amazon google etc they won’t be paying.. The system is fundamentally broken..
It needs to be Sales tax. A tax of where you do business. Meaning if Amazon profits from Sweden is 100 dollar they need to pay 15 dollar in tax and if they don’t the country should be able to penalize however they like without screeching from corrupt us politicians..
Why are they so obsessed with the tax rate when even with the current ones theres a million loopholes and tax evasion.
“We cant even enforce the current one but lets increase it”
This is honestly just a joke, and will make no dofference other than appeasing anyone stupid enough to think its progress. Will probably only hurt the smaller businesses that dont tax evade and anyone nor rich enough to cheat the system.
Ive always believed you need to fix the system forst and get the momey they owe. Instead of increasing the amount of money they owe to people that dont pay them either way