Earlier quoted context omitted.
Do the folks at Brussels have the concept of "fruit of the poisoned tree" and parallel construction?
[flagged]
Same crap, different flavor.
Netflix Europe offices raided in tax fraud probe
271–280 of 366 posts
Re: Netflix Europe offices raided in tax fraud probe
#272Earlier quoted context omitted.
As an American surrounded by Superfund sites I would like some of these unnecessary restrictions and harassment by the state. The US is so beholden to private interests we can't even repair the roads or mandate healthcare without making it into a market.
[flagged]
>Do you know how we won World War 2?
We as in the Allied forces? The Great Alliance?
I also live within 200 miles of one of our Japanese Internment Camps.
Re: Netflix Europe offices raided in tax fraud probe
#273Earlier quoted context omitted.
Why not advocate for taxing only corporations, rather than the more oppressive direction of taxing only humans? Corporations intrinsically run on accounting report paperwork, meaning tax forms are an incremental cost rather than a novel burden. And they receive massive benefits from the state - liability protection, outsized access to the legal system, and often direct subsidies.
Because corporate taxes are paid on profit (revenue-expenses). So as a company I can claim a lot of stuff as a expenses. Executive salaries? Anything left after that? Lemme quickly create a separate company in some low tax jurisdiction and pay them for marketing expenses, and suddenly I have no profits, and nothing to tax. Regular people can't do that. You also generally can't tax the revenue instead of profits (exce…
None of that is really a show stopper when talking about an overhaul of the tax system and what it targets.
Speaking of taxing revenue instead of profits, that's another reason the current tax regime is so galling (at least speaking from a USian perspective). Individuals essentially are taxed on revenue and can't deduct things that would otherwise be straightforward deductions in a business context, as necessary and proper expenses required to earn that revenue.
Re: Netflix Europe offices raided in tax fraud probe
#274Earlier quoted context omitted.
Funny how it works, they lose money everywhere but one of the smallest country they operate in banks 50% of their worldwide revenues, it probably is just a coincidence that this is a tax heaven... we just don't know I guess The French branch made 160k of profit while the Irish branch made more than all the other EU countries combined FYI: france is the second market for airbnb after the US... do you really think they…
I don't know why you're telling me this, I know it - and it's not relevant at all without knowing the numbers.
I guess it's just a crazy coincidence that most huge multinational corporations base their European operations in Ireland then? They just like drinking Guinness I suppose?
Re: Netflix Europe offices raided in tax fraud probe
#275The meat: > Last year, French media outlet La Lettre reported that until 2021, Netflix in France minimised its tax payments by declaring its turnover generated in France to the Netherlands. > investigators are trying to determine whether Netflix continued to attempt to minimise its profits after 2021. Wasn't Uber or some other US company found doing something similar? First they were found to be in violation of some…
That's rich coming from French. Long time ago France Telecom bought Polish top phone network. Immediately rebranded it to Orange (despite the fact that the company had one of the strongest brands on market where it operated). Unsurprisingly the licensing fees for using Orange brand that the Polish company had to pay to France Telecom amounted to large percentage of taxable profits that the Polish company had. Overt t…
Is that related to the privatization wave after 1989? If so, the culprit here is the corrupt political caste that sold companies below their true value for kickbacks. Corruption has been an endemic problem in the east.
Re: Netflix Europe offices raided in tax fraud probe
#276Earlier quoted context omitted.
You are aware of the fact that tax evasion means these companies are freeloading on the tax money the rest of us (including: you) are paying? Especially in the case of uber which is essentially using public infrastructure to make their money having them pay taxes should be normal. I agree that customer data needs to be protected, but it is bold to assume that is the case at all with these powerful corporate entities:…
[flagged]
Corporations are not people, any law who treats them as such has been perverted IMO.
Re: Netflix Europe offices raided in tax fraud probe
#277Earlier quoted context omitted.
> Where are you getting this from? Sales tax has nothing to do with one's assets Earlier you said > And poorer people are automatically exempted from tax since the power law formula parameters be set to slowly ramp up I too am very confused on how you envision this sales tax working where it's variable in some way that poor people don't get the tax but rich people do so I understand why OP is asking about asset track…
>that poor people don't get the tax but rich people do Because poor people can't spend money (since they don't have it), hence they pay much less (or even no tax). The curve of a power law formula can be modified to whatever is socially acceptable. Otherwise, rich people who are hoarding assets will get taxed via land value taxes utilizing the same framework. >you've still got problems of hiding how much I'm spending…
> Because poor people can't spend money (since they don't have it), hence they pay much less (or even no tax)
Poor people can buy a car. Middle class families can buy 2 cars. Neither can buy 100 exotic cars. Is the purchase of each additional car going to increase the tax paid? Are exotic cars taxed more? You keep stating to use a power law formula but you're critically omitting what the inputs are to determine your tax rate. And now you've also admitted that assets determine your sales tax whereas you seemed to be arguing earlier that that wasn't the case when asked if the sales tax rate is dependent on your ability to hide assets.
> Otherwise, rich people who are hoarding assets will get taxed via land value taxes utilizing the same framework
Rich people hoard assets in all sorts of ways including collecting physical items which you can store where land is cheap if you wanted. That's why the income tax is effective - it's taxation at the moment the money changes hands / you've realized a gain.
Re: Netflix Europe offices raided in tax fraud probe
#278Earlier quoted context omitted.
It depends on the type of business. In the EU, VAT registered companies are usually mandated to have a physical location and local representative within the country of operation. So you can be remote all you want, as long as your company and fiscal representative can be reached at a physical location.
Yes, but you can hire anyone as an administrator and promise them a whole of money if they end up having issues with the law. I would hire homeless people to “run” the company.
A homeless person wouldn’t qualify as they don’t have a fixed address which is mandatory.
Ultimately, if you really have bad intentions, you find a way. It’s a question of risk and responsibility if you want to put yourself in such a position or not.
Re: Netflix Europe offices raided in tax fraud probe
#279Earlier quoted context omitted.
>that poor people don't get the tax but rich people do Because poor people can't spend money (since they don't have it), hence they pay much less (or even no tax). The curve of a power law formula can be modified to whatever is socially acceptable. Otherwise, rich people who are hoarding assets will get taxed via land value taxes utilizing the same framework. >you've still got problems of hiding how much I'm spending…
> Because poor people can't spend money (since they don't have it), hence they pay much less (or even no tax) Poor people can buy a car. Middle class families can buy 2 cars. Neither can buy 100 exotic cars. Is the purchase of each additional car going to increase the tax paid? Are exotic cars taxed more? You keep stating to use a power law formula but you're critically omitting what the inputs are to determine your…
> Is the purchase of each additional car going to increase the tax paid?
Yes, tax liability = total spending during the year plugged into the power law tax formula.
>Are exotic cars taxed more?
Depends how much the taxpayer spends in a year. There is no tax rate for each specific item. The tax rate is for a total level of spending, which eliminates all loopholes.
> You keep stating to use a power law formula but you're critically omitting what the inputs are to determine your tax rate.
The input is total spend in a year. Just like right now, the input is income in a year.
> And now you've also admitted that assets determine your sales tax
No, I did not. The formula to calculate sales tax liability only requires inputting total spending. Land value taxes are a separate thing. We currently have land value taxes, except they are flat rate and too low because property taxes inefficiently tax improvements on the land more than the land itself.
> That's why the income tax is effective - it's taxation at the moment the money changes hands / you've realized a gain.
Sales tax can also be at the moment the money changes hands. It currently is. Even with the complication of a power law tax formula, I can’t see why the government can’t email you a monthly invoice.
Re: Netflix Europe offices raided in tax fraud probe
#280I wonder how these "office raids" would work for remote first companies that don't have much of an office presence and with little or no physical documents and everything being stored in the cloud somewhere.
What do you think "the cloud" is? I'm reminded of an old meme, "the cloud is just someone else's computer". They could raid a data center and seize machines. They could also subpoena data they are looking for.
What if those machines are on another continent?