Europeans vow to pursue digital tax plans after US “provocation”
1–10 of 74 posts
Re: Europeans vow to pursue digital tax plans after US “provocation”
#2It's insane that they want to propose a global minimum corporate tax.
Re: Europeans vow to pursue digital tax plans after US “provocation”
#3It's insane that they want to propose a global minimum corporate tax.
It's insane, that there isn't one already.
Re: Europeans vow to pursue digital tax plans after US “provocation”
#4It's insane that they want to propose a global minimum corporate tax.
On the contrary, it's necessary if corporations can operate internationally and transfer money untaxably between jurisdictions, otherwise the global effective tax rate is that of the lowest country.
Re: Europeans vow to pursue digital tax plans after US “provocation”
#5It's insane that they want to propose a global minimum corporate tax.
On the contrary, it's necessary if corporations can operate internationally and transfer money untaxably between jurisdictions, otherwise the global effective tax rate is that of the lowest country.
What's wrong with that? Countries need to compete just like corporations. Small countries need someway to compete for global talent, and low taxes are a good incentive.
Re: Europeans vow to pursue digital tax plans after US “provocation”
#6It's insane that they want to propose a global minimum corporate tax.
How do you figure?
Re: Europeans vow to pursue digital tax plans after US “provocation”
#7Earlier quoted context omitted.
On the contrary, it's necessary if corporations can operate internationally and transfer money untaxably between jurisdictions, otherwise the global effective tax rate is that of the lowest country.
What's wrong with that? Countries need to compete just like corporations. Small countries need someway to compete for global talent, and low taxes are a good incentive.
> Small countries need someway to compete for global talent,
Lower corporate taxes have not resulted in "talent" moving to those countries. It's all legal maneuvering. This is tax evasion 101 (https://en.wikipedia.org/wiki/The_Laundromat_(film)).
Re: Europeans vow to pursue digital tax plans after US “provocation”
#8Earlier quoted context omitted.
On the contrary, it's necessary if corporations can operate internationally and transfer money untaxably between jurisdictions, otherwise the global effective tax rate is that of the lowest country.
What's wrong with that? Countries need to compete just like corporations. Small countries need someway to compete for global talent, and low taxes are a good incentive.
Oh wait the only international orgs with any teeth are the IMF and the World Bank who support each other in a non-competitive, mutually-supportive, DC-based relationship. Too bad these countries were fucked centuries ago I guess.... it was foolish to hope to begin with.
Re: Europeans vow to pursue digital tax plans after US “provocation”
#9Earlier quoted context omitted.
On the contrary, it's necessary if corporations can operate internationally and transfer money untaxably between jurisdictions, otherwise the global effective tax rate is that of the lowest country.
What's wrong with that? Countries need to compete just like corporations. Small countries need someway to compete for global talent, and low taxes are a good incentive.
I would be even siding with you slightly if this amounted to actually moving people, facilities and capital to that country.
However, in the modern world, corporations don't just use low taxes to simply route massive amounts of capital through low-tax countries without a net benefit for anyone — they are actually exploiting tax loopholes in different countries' tax laws against each other.
https://en.wikipedia.org/wiki/Dutch_Sandwich
If Google actually used your machine to port scan and automatically exploit other computers, would you be enraged?
Well, that's exactly what their black hat tax lawyers were doing on the financial side:
Re: Europeans vow to pursue digital tax plans after US “provocation”
#10Earlier quoted context omitted.
On the contrary, it's necessary if corporations can operate internationally and transfer money untaxably between jurisdictions, otherwise the global effective tax rate is that of the lowest country.
What's wrong with that? Countries need to compete just like corporations. Small countries need someway to compete for global talent, and low taxes are a good incentive.
In practice, what is done is that big corporations have their headquarters in a few well-developed jurisdictions that have very strong laws to protect their shit (London, New York, etc.) but use shell companies in offshore locations that just offer a mailbox.
I don't have an issue with a bank being based in the Bermudas or anywhere, for example; but in that case the HQ should really be based there. There is the same issue with ships registered using flags of convenience. Again, I don't have a problem with that per se. But if there is dispute involving your ship, you go ask Liberia to sort it out. You get your insurance from Liberia too; you get the picture.
Now, being French I'm also well-aware that French politicians are completely unrealistic and want to tax French companies doing business abroad in France, and American companies doing business in France, in France (notice the pattern?) There is a middle ground.