31–40 of 324 posts
Earlier quoted context omitted.
I'm so happy the people of Sweden are sane, my biggest problem with these taxes is that they are on revenue which essentially makes all low margin internet businesses unprofitable. How does that benefit consumers?
Facebook, Amazon and co. are "low margin internet businesses"?
A company that leverages the favourable infrastructure and institutions of a country without paying its fair share is quite simply siphoning money from the taxpayers of that country into the pockets of its shareholders, the money that maintains that infra and those institutions. Politicians need to take a step back and realize that whatever jobs these companies bring, they are still a net loss to the country as a who…
> whatever jobs these companies bring, they are still a net loss to the country as a whole, the country would literally be better off if those people were unemployed! That’s quite the claim. Got anything to back it up?
Pretty easy really. Multiply the cost of unemployment benefits * number of company employees in that country. Then look at the tax evaded by the company. "You do the math".
JSA in the UK is £73/week, or £3796/year. Let's say a company dodges £1Bn/year in taxes. How many people would they need to employ before the country breaks even?
What differentiates this 'tax' from a tariff?
I didn't even need to click the link to know that Ireland was gonna be one of the three. It's like they have a vested interest, or something.
“It just remains for me to offer Paschal a beer in a Dublin pub, and then I think we’ll be able to move toward a decision,” he said, referring to his Irish counterpart, Paschal Donohoe
The EU was strongly against any trade tariffs. What differentiates this 'tax' from a tariff?
The difference between the taxes and tariffs is that the tariffs target a specific country while the tax is same for everyone (working in a specific industry).
Tech companies seems to be the most notorious tax evaders so this was just a push to make them pay a fair share of tax in the EU.
>> Traditional tax systems have so far failed to capture revenue from companies with global reach but limited physical presence
Earlier quoted context omitted.
This is from earlier this year, so the debate may have progressed since then, but Sweden and Denmarks' concerns seem to stem from the way in which the EU aims to apply the tax. >“A digital services tax deviates from fundamental principles of income taxation by applying the tax on gross income, i.e. without regard to whether the taxpayer is making a profit or not,” Swedish Finance Minister Magdalena Andersson, and her…
It's an intriguing concept. What effect would a tax purely on size (income rather than profit) have on the world economy, if everyone were to adopt such policies? It would discourage large companies and encourage small ones. It seems like employees do better when there is a bigger and more diverse marketplace for work, ie, many smaller companies. So they would win out, hopefully. Customers may or may not do better. I…
How so? Your argument makes 0 sense because the tax is proportional regardless of size. What it will encourage is high margin business and it will discourage low margin business. Larger businesses are able to increase their margins because of increased efficiencies.
Earlier quoted context omitted.
> whatever jobs these companies bring, they are still a net loss to the country as a whole, the country would literally be better off if those people were unemployed! That’s quite the claim. Got anything to back it up?
That’s quite the claim. Got anything to back it up? Pretty easy really. Multiply the cost of unemployment benefits * number of company employees in that country. Then look at the tax evaded by the company. "You do the math". JSA in the UK is £73/week, or £3796/year. Let's say a company dodges £1Bn/year in taxes. How many people would they need to employ before the country breaks even?
I didn't even need to click the link to know that Ireland was gonna be one of the three. It's like they have a vested interest, or something.