136 Countries agree to minimum corporate tax rate
1–10 of 68 posts
Re: 136 Countries agree to minimum corporate tax rate
#2I think the tech companies will keep their headquarters in Ireland even after this - Ireland is still not going to raise it's corporate tax rate above 15%, there's inertia, and Ireland is now the only native English-speaking country in the EU (except maybe for Malta).
Re: 136 Countries agree to minimum corporate tax rate
#3I think the tech companies will keep their headquarters in Ireland even after this - Ireland is still not going to raise it's corporate tax rate above 15%, there's inertia, and Ireland is now the only native English-speaking country in the EU (except maybe for Malta).
The greater impact of the agreement as I understand it will come from the requirement for companies to pay taxes in the countries where they do business, and not just in the country of registration.
Re: 136 Countries agree to minimum corporate tax rate
#4I think this type of harmonization is incredibly harmful and reduces experimentation among states. I personally think the concept of corporate taxes doesn't make sense and encourages reckless behavior - there are a lot of unintended consequences do this.
We should be encouraging experimentation in governance.
It's the same how inflation doesn't just devalue the currency, it encourages riskier behavior because investors must seek higher returns.
Re: 136 Countries agree to minimum corporate tax rate
#5Sounds like a cartel.
Re: 136 Countries agree to minimum corporate tax rate
#6I think this type of harmonization is incredibly harmful and reduces experimentation among states. I personally think the concept of corporate taxes doesn't make sense and encourages reckless behavior - there are a lot of unintended consequences do this. We should be encouraging experimentation in governance. It's the same how inflation doesn't just devalue the currency, it encourages riskier behavior because investo…
Re: 136 Countries agree to minimum corporate tax rate
#7Sounds good, a tax race to the bottom hurts many more counries than it helps, it's a negative sum game.
What's the previous % been so far in major western counries, anyone got a link?
Re: 136 Countries agree to minimum corporate tax rate
#8I think this type of harmonization is incredibly harmful and reduces experimentation among states. I personally think the concept of corporate taxes doesn't make sense and encourages reckless behavior - there are a lot of unintended consequences do this. We should be encouraging experimentation in governance. It's the same how inflation doesn't just devalue the currency, it encourages riskier behavior because investo…
I think you're in need of some further reading.
1) UN resolutions don't have any enforcement weight, which is why they're so popular with politicians who run on the statement "nothing will fundamentally change."
2) Taxes should be paid by whoever retains earnings, and in that case corporate taxes make a lot of sense. And yes, buying back your own shares to drive share values higher for current shareholders is "retaining earnings" and should be taxed at not just capital gains, but individual income levels since individual income is what such activity creates.
Re: 136 Countries agree to minimum corporate tax rate
#9I think this type of harmonization is incredibly harmful and reduces experimentation among states. I personally think the concept of corporate taxes doesn't make sense and encourages reckless behavior - there are a lot of unintended consequences do this. We should be encouraging experimentation in governance. It's the same how inflation doesn't just devalue the currency, it encourages riskier behavior because investo…
Without collective agreements between governing bodies on what bare minimum standards should be on taxation what we see is rent seeking behavior from corporations (ah la Foxconn and Mount Pleasant, Amazon HQ 2).
Without minimum taxation, we see a race to the bottom for taxation, where elites benefit and everyone else looses.
Re: 136 Countries agree to minimum corporate tax rate
#10I think this type of harmonization is incredibly harmful and reduces experimentation among states. I personally think the concept of corporate taxes doesn't make sense and encourages reckless behavior - there are a lot of unintended consequences do this. We should be encouraging experimentation in governance. It's the same how inflation doesn't just devalue the currency, it encourages riskier behavior because investo…
The thing is non-harmonization doesn't really promote experimentation, it promotes competitive-market-leading behavior. Obviously there are limits to how much it matters - lots more startups in CA compared to South Dakota. But I don't think there's a lot of evidence that non-harmonization provides an incentive to experiment, so much as it makes countries have economic incentives to treat things like a zero sum game.