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Why would another country, especially one that's doing just fine like Ireland, want to eliminate a competitive edge it has?
Isn't this basically global price fixing? It seems tremendously unfair to small businesses, at the very least.
Isn't this basically global price fixing? It seems tremendously unfair to small businesses, at the very least.
Such a policy would generally help small businesses who seek to compete against large multi-nationals, even around the edges.
And then, of course, there's the really common trick of keepin profits on the books near zero for a corporation to avoid taxes altogether. Would they suddenly be taxing income and not profit?
It would allow income taxes to be commensurately reduced if multinational corporations get taxed more.
If you own a ton of shares in multinationals this would not be good for you but it would be for everyone else.
Cayman Islands can live on the incorporation fees alone.
Isn't this basically global price fixing? It seems tremendously unfair to small businesses, at the very least.
We are tax subsidizing starbucks while local independent shops die, altough the local independent ones are better and healthier for the local economy.
If the U.S. wants to make itself uncompetitive with high corporate tax rates, that is America's problem. "Ireland's headline 12.5% corporate tax rate — much lower than most industrialized nations — has been key to attracting many multinationals to the country."
Congrats, they got more of the pie while reducing its total size. And getting my tax money on top of it via EU programs.