Global minimum corporate tax: 130 nations to support U.S. proposal
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Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#2It would also require a global consensus on tax incentives. Which... well if you thought the global minimum corporate tax was unlikely...
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#3Does anyone know at what point the tax is paid? I ask because publicly traded companies avoid it by doing share buy backs. So Apple technically makes no profit. 1% or 15% or 100% of technically nothing is nothing...
>The deal also reportedly includes a framework to eliminate digital services taxes, which targeted the biggest American tech companies.
Quid Pro quo Clarice!
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#4Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#5Corporations should be taxed on revenue, not profit.
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#6Does anyone know at what point the tax is paid? I ask because publicly traded companies avoid it by doing share buy backs. So Apple technically makes no profit. 1% or 15% or 100% of technically nothing is nothing... >The deal also reportedly includes a framework to eliminate digital services taxes, which targeted the biggest American tech companies. Quid Pro quo Clarice!
Apple might make no profit, but wouldn't the shareholders selling their stock back to Apple have to report the sale as capital gains? So (at least some) taxes would be paid on that money, just not by Apple directly.
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#7Corporations should be taxed on revenue, not profit.
Of all the arguments to be made about corporate taxation, this one makes the absolute least sense.
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#8This could be the catalyst for privacy oriented coins such as Monero and Zcash.
Also the right catalyst for doing away with exchanges and start buying and selling crypto on OTC type market with 1:1 deals and interactions
Like it happens for grey area commodities such as marijuana and prostitution
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#9Corporations should be taxed on revenue, not profit.
Of all the arguments to be made about corporate taxation, this one makes the absolute least sense.
Taxing revenue does shut off many tax loopholes. Accounting can play lots of games with profit/loss, but revenue is much harder to obfuscate.
However this basically just seems like a Sales Tax to me, which we already have in most countries.
Re: Global minimum corporate tax: 130 nations to support U.S. proposal
#10Watch what the City of London (the financial center) does, would be my suggestion.