Earlier quoted context omitted.
In Australia, I like: - parks - museums - libraries - free primary and secondary education - subsidised tertiary/vocational education - a (relative of course) functioning public transport system - healthcare - worker protections - other stuff I'm sure I'm forgetting Sure, government is inefficient. All large orgs are. But are you telling me for-profit corporations are going to create a society with all these things f…
Generally Government is dramatically more efficient than a comparable private business—the difference is that Government failings tend to be publicly available information, while a corporation can blow thirty million dollars on ineffective marketing and unnecessary consultants and you'll never know.
Ireland joins OECD International Tax agreement
111–120 of 384 posts
Re: Ireland joins OECD International Tax agreement
#112Earlier quoted context omitted.
Total and $750M aren't even the same unit. The former is profit, while the latter is revenue.
I meant would it incentivize a 749 revenue company to lose money to save on the 2.5% extra tax
Personally, I think the tax rate should be higher than 15% for all corporations so I'm not so worried that a company might miss out on an even better deal of 12.5%, but I see the concern that a small change in revenue might change their tax bill by millions.
Re: Ireland joins OECD International Tax agreement
#113Earlier quoted context omitted.
You’re right, Poland is probably in worse position than Texas here. Texas at least has the promise of a federal system to reign in its more unpopular legislative instincts, Poland not so much.
Well, the EU is a bunch of unelected bureaucrats. Of course national law made by a democratically elected government should trump some unelected and possibly very corrupt bureaucrats far away.
If Poland’s government doesn’t like that, it should resign its membership like Britain did.
Re: Ireland joins OECD International Tax agreement
#114Earlier quoted context omitted.
Surely SS and healthcare are largely funded by SS payments. Taxes go toward Medicare but premiums are a big part too. https://www.pgpf.org/budget-basics/medicare
SS "payments" are taxes.
Re: Ireland joins OECD International Tax agreement
#115Earlier quoted context omitted.
To me it seems like a honest criticism on the inefficiency of government allocation of tax payer's money. There's nothing wrong with voicing your opinions that way. I feel that people just don't like it if someone disagrees with "taxing the rich", and that's why it was flagged.
It struck me as highly dishonest. I have a hard time believing that anyone one seriously thinks 0.000000% of government spending benefits common people
Re: Ireland joins OECD International Tax agreement
#116Re: Ireland joins OECD International Tax agreement
#117Earlier quoted context omitted.
Well, the EU is a bunch of unelected bureaucrats. Of course national law made by a democratically elected government should trump some unelected and possibly very corrupt bureaucrats far away.
The EU treaties that Poland has signed (along with every other member state) assert that EU law has primacy over national law. If Poland’s government doesn’t like that, it should resign its membership like Britain did.
Re: Ireland joins OECD International Tax agreement
#118I've always been baffled as to how this is seen as a multi-national issue. The US could always implement unilateral minimum VAT and profit[3] taxes on corporations forcing them to effectively pay whatever proportion the US demands to continue doing business in the world's largest consumer market. Just because you're only paying 3%[1] profit[3] tax in Bermuda doesn't mean you can necessarily skate around the remaining…
You probably have to be very clever to set this up so they can't be Company A (US) Ltd registering very little profit as they have to pay royalties to Company A (Tax Haven) limited without also inflicting massive collateral damage to smaller companies that can't afford the tax lawyers or preventing foreign companies from selling anything in the US.
Re: Ireland joins OECD International Tax agreement
#119Earlier quoted context omitted.
SS "payments" are taxes.
Those are payroll taxes, not income or wealth taxes that would be targeting the rich.
Also, there is no reason that the cap on SS tax collection shouldn't be lifted.
Re: Ireland joins OECD International Tax agreement
#120Ireland is about to discover how unattractive it is as a locale for multinational HQs when the playing field is somewhat more level. And I'm in favor of the move as a middle class US taxpayer and a small business owner who pays through the nose, but this is a quite obvious self-own in the long run for them, much for the same reason why introducing a wealth tax was a self-own for France. Big Money is mobile, sophistic…