Spain planning on going ahead with ‘Google tax’ despite US tariff threats

Post by s1artibartfast » Thu, Dec 05, 2019, 3:21 PM UTC

beefield wrote: post #108

rb808 wrote: post #96

Earlier quoted context omitted.

Right but eventually they money has to get from the company to the consultant - either dividends or wages. Either way it'll be taxed.

Yep. Eventually. Meanwhile Buffett's tax rate on his (and his companies) income is within the distance of epsilon from zero. Can you estimate when Buffett is going to need the bulk of the money from his compankes to buy a new house? How long heis going to have approximately zero tax rate, that is? My personal estimate is with a very good approximation 'never'.

Post by pengstrom » Thu, Dec 05, 2019, 3:22 PM UTC

solarhoma wrote: post #126

kazagistar wrote: post #97

Earlier quoted context omitted.

(Just ignore the racism and discussion of "not real americans" and whitewashing of violence of minorities and horrifying concentration camps.)

Are you speaking of foreign citizens illegally gaining access to the United States? Which are placed in camps (call them concentration camps if you will but they in no way resemble what China is doing to the Uyghurs, i.e. a true concentration camp). And once in these camps they are processed for asylum, refugee status, etc? Yes, they may be stuck in these ‘horrifying’ camps which is not where they want to be. But the…

Post by sbacic » Thu, Dec 05, 2019, 3:23 PM UTC

tim333 wrote: post #141

sbacic wrote: post #120

I have been seeing these headlines more and more lately and I have a nagging suspicion that somebody is pushing an agenda. What exactly that agenda is remains to be seen. As for the news article you mentioned, it should be noted that the £28m is corporate tax, not _all_ the taxes. I'm reasonably sure that FAANG is not shirking the government on VAT or payroll taxes. As for why they pay so little corporate tax, I'd gu…

There are currently a lot of ways for multinational companies to reduce their tax burden to near zero by for example Microsoft allocating most of their European profits to a DVD stamping plant in Ireland which had a near zero rate at the time. Also they are kind of expected to maximise shareholder value by taking advantage of such legal avoidance schemes. The proper way to stop this is for counties to make anti avoid…

Post by reallydontask » Thu, Dec 05, 2019, 3:24 PM UTC

tyzerdak wrote: post #63

I think taxes is already so high that half of person earnings goes to retards in government. Why do we pay taxes? I know many people that have close to 0 benefits from government. I would propose all governments to make taxes 5% or 10% and remove themselves from governing.

Post by buboard » Thu, Dec 05, 2019, 3:25 PM UTC

s1artibartfast wrote: post #146

nwellnhof wrote: post #122

Earlier quoted context omitted.

I agree that corporate taxes aren't strictly required. They are useful though, if you think about international capital markets. Without corporate taxes, foreign investors could extract all profits from a company, without paying any income tax in its country of residence. You are right about double taxation, but you can think of corporate tax as a part of income tax that is guaranteed to benefit the country where the…

>Without corporate taxes, foreign investors could extract all profits from a company, without paying any income tax in its country of residence. Howso? You still have income tax and capital gains tax.