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EU adopts global minimum 15% tax on big business

bbc.com

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Re: EU adopts global minimum 15% tax on big business

#141

Post by LawTalkingGuy »

woodruffw wrote: post #41
poszlem wrote: post #39

Earlier quoted context omitted.

The only difference is, I suppose, the fact that one comes from a people that got very close to experiencing the "social justice paradise" and the other is just a made up phrase by an internet troll. Otherwise, they are practically indistinguable.

I'm not a troll. And I don't think most people, including the majority of strident believers in social justice, would consider the 20th century Soviet Bloc to be a paradise.

Perhaps the more ideological wouldn't enjoy the Soviet union but they approve of and use their methods.

The current focus on purity of thought is remarkably like the communist struggle sessions, how they tortured people to correct their thinking not just to achieve a confession, how there was always room for more ideology and more purges as the party continually turned on its heroes.

Here's an example. At ~25s the officer talks about people who want to help (lower-case social justice) being faded out by people who know nothing of the situation and are just using it for political clout. He's black and trying to discuss the protests with black protestors and they're being interrupted by white protest leaders (upper-case social justice) who need to stoke conflict to remain in power.

https://www.youtube.com/watch?v=hm2aFTTuLek

Re: EU adopts global minimum 15% tax on big business

#142

Post by cjbgkagh »

rr888 wrote: post #135
cjbgkagh wrote: post #119

Earlier quoted context omitted.

The continent already feels like it's trying to tax itself to death. I don't know how Europeans survive, and this was before the energy crisis. I do worry European wealth will start to evaporate and we'll see the kind of social strife that occurs when the pension funds run out and people who were promised dignity into old age find out they're not going to get it.

I used to think this until I moved to the USA. Property taxes here are insane. Add state tax, NYC city tax, Social Security etc the marginal taxes are well over 60% of income. And you still have to pay for your own healthcare after that.

They're not mutually exclusive, both can be true.

Re: EU adopts global minimum 15% tax on big business

#143

Post by tstrimple »

consumer451 wrote: post #12
poszlem wrote: post #4

> "Today the European Union has taken a crucial step towards tax fairness and social justice," EU economy commissioner Paolo Gentiloni said. There is a saying in Poland: "The difference between > and > is the same as the difference between > and >. I wish we would actually listen to the those countries, when it comes to topics like socialism and communism. Though I suspect the Western European countries need to taste…

I am sitting in Poland, grew up under the thumb of the Soviets, but I don’t see the connection to a global minimum tax. Are you saying it’s like communism?

The word communist has lost absolutely all meaning today. Biden is communist. Taxes are communist. Wanting universal healthcare is communist. None have anything at all to do with a classless society without private ownership of property.

Re: EU adopts global minimum 15% tax on big business

#145

Post by bilbo0s »

cscurmudgeon wrote: post #139
alkonaut wrote: post #136

Earlier quoted context omitted.

If I was trying to invent some “fair taxation scheme” I’d tax the profit based on the revenue in that country. So if a company had $100B global revenue and $10B global profit and 0% of the profit was in France while 10% of the revenue was in France, then the company should be taxed based on the $1B profit that can be attributed to France based on revenue there. Any other scheme seems it’s prone to creative licensing…

> If I was trying to invent some “fair taxation scheme” I’d tax the profit based on the revenue in that country. Why is that fair? In your example, if UK provided 100% of the labor shouldn’t UK get 100% of the tax to support social programs for that 100% labor? Labor seems a better way to distribute and incentivize employment.

This seems to just scream "outsource to low or no tax developing nation".

Re: EU adopts global minimum 15% tax on big business

#146

Post by jpollock »

alkonaut wrote: post #136
Nextgrid wrote: post #34

Earlier quoted context omitted.

Out of curiosity, how do you define where profits are made when it comes to selling digital services? There is no physical movement of goods. Do you determine it based on where the software was originally written?

If I was trying to invent some “fair taxation scheme” I’d tax the profit based on the revenue in that country. So if a company had $100B global revenue and $10B global profit and 0% of the profit was in France while 10% of the revenue was in France, then the company should be taxed based on the $1B profit that can be attributed to France based on revenue there. Any other scheme seems it’s prone to creative licensing…

That would have different tax results depending on whether or not it was operating under a reseller model, where the reseller is the one importing the item.

Then there is little or no revenue local to France.

Re: EU adopts global minimum 15% tax on big business

#147

Post by sfe22 »

alkonaut wrote: post #136
Nextgrid wrote: post #34

Earlier quoted context omitted.

Out of curiosity, how do you define where profits are made when it comes to selling digital services? There is no physical movement of goods. Do you determine it based on where the software was originally written?

If I was trying to invent some “fair taxation scheme” I’d tax the profit based on the revenue in that country. So if a company had $100B global revenue and $10B global profit and 0% of the profit was in France while 10% of the revenue was in France, then the company should be taxed based on the $1B profit that can be attributed to France based on revenue there. Any other scheme seems it’s prone to creative licensing…

What if France has complex rules and extra regulations that bring the profit from the country to just 1 percent, compared to ~10% on global operations. With your logic you will tax the subsidiary way more than 100%.

Re: EU adopts global minimum 15% tax on big business

#149

Post by causality0 »

alkonaut wrote: post #136
Nextgrid wrote: post #34

Earlier quoted context omitted.

Out of curiosity, how do you define where profits are made when it comes to selling digital services? There is no physical movement of goods. Do you determine it based on where the software was originally written?

If I was trying to invent some “fair taxation scheme” I’d tax the profit based on the revenue in that country. So if a company had $100B global revenue and $10B global profit and 0% of the profit was in France while 10% of the revenue was in France, then the company should be taxed based on the $1B profit that can be attributed to France based on revenue there. Any other scheme seems it’s prone to creative licensing…

If you're trying to do fair taxation do away with "profit" taxes entirely. Not like any of us plebs get to dodge taxes by spending our income. Subtract what the company spends on salaries from its total revenue and then charge them 20-30 percent of the remainder just like the rest of us pay. "Corporations are people" after all. Toss in a seven percent sales tax on all stock purchases.

Re: EU adopts global minimum 15% tax on big business

#150

Post by viraptor »

poszlem wrote: post #90
scarmig wrote: post #83

Earlier quoted context omitted.

A reasonable modified goal would be "profits generated by a country's residents are taxed by that country."

Yeah, I would not even mind a "no double citizenship" rule.

That would be just shitty for kids. Your parents are from A and B, but live in C. A and B are hard to enter without citizenship and impossible to live/work in long term without it. If you limit multiple citizenships, you basically kick the child and limit their family access without any reason in that situation.
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