301–310 of 467 posts
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Sure, so Microsoft still (not so) indirectly contributes to the tax coffers. But it's still pretty bad that the rich MS shareholders can benefit from schemes like these, while employees can't.
I'm not defending MS at all, but it's not correct to say "I'm contributing 40% plus corporation tax while Microsoft contributes nothing".
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Yep, the current corporate tax laws basically punish single-nation companies, while giving multinationals a free pass. International tax laws desperately need an overhaul.
Better yet, dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income, both capital gains and salary. The amount of human time and energy wasted on taxation is mind bogglingly stupid. Politicians trying to influence the behavior of their minions by designing these convoluted "tax-based incentive" schemes is the whole problem in the first place. Just tax all money that comes in…
Why can't governments learn that taxing corporations is pointless? The same revenue is can be raised more simply through sales tax and personal income tax on salaries and distributions.
Taxing mega corporations is essential. I would add that you need to tax them to oblivion after shareholder’s expectations are reasonably satisfied. If you don’t, you essentially create rogue institutions with deep pockets that will attempt to take political control of the nation for their selfish interests. Adam Smith had interesting things to say about that.
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Why would they do that ? The light tax they require from those entity still benefits them immensily, because those entity choose to pay them there instead of elsewhere. If Ireland introduced more taxes those big corps would move away, so they would actually receive less...
The definition of a parasitic economy. Other countries are well in their rights to pressure Ireland as hard as they can to end this theft.
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Which country is your corp registered in? In U.S. you can register and S. Corp to avoid being double taxed.
The disadvantage of an S. Corp is that you don't have any flexibility in evening out profit distributions between good years and bad years, right?
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Why would they do that ? The light tax they require from those entity still benefits them immensily, because those entity choose to pay them there instead of elsewhere. If Ireland introduced more taxes those big corps would move away, so they would actually receive less...
You can't receive less than zero
There shouldn’t be „corporate taxes“. They tend to be difficult to collect, troublesome to declare and actually can not contribute much to national budgets. Think about it: Employees of multinational companies pay billions of income tax. Customers buying products and services from multinational pay billions in VAT. Shareholders of multinationals receiving dividends pay billions of capital gains tax. So what exactly i…
It is true that huge corporations already "give back" a lot of the money they collected under various forms (income tax, VAT, etc.)
But if you think that the role of government is necessary, then you agree that it should collect taxe to exercise this role. And money is taken where money is. We tax corporations because they make benefits, and a benefit is just a way of saying that even after deducting everything they can think of, they still have money they don't need. So why not take a part of it and re-invest it elsewhere where it is needed ?
Ultimately there is no proper justification for any tax, except its necessity to let society fonction properly.
There shouldn’t be „corporate taxes“. They tend to be difficult to collect, troublesome to declare and actually can not contribute much to national budgets. Think about it: Employees of multinational companies pay billions of income tax. Customers buying products and services from multinational pay billions in VAT. Shareholders of multinationals receiving dividends pay billions of capital gains tax. So what exactly i…
£220bn in profit last year.
It's in the headline.
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Why would they do that ? The light tax they require from those entity still benefits them immensily, because those entity choose to pay them there instead of elsewhere. If Ireland introduced more taxes those big corps would move away, so they would actually receive less...
The definition of a parasitic economy. Other countries are well in their rights to pressure Ireland as hard as they can to end this theft.