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re: G7 backs Biden's sweeping overhaul of global tax system
Posted on 6/5/21 at 3:58 pm to WeeWee
Posted on 6/5/21 at 3:58 pm to WeeWee
quote:
Of course, they would have to get the all the nations or most of the nations of the world to agree to it or else countries like Ireland (12.5%) and Hungary (9.0%) finna eat.
Uh huh. And why aren't they currently "eating" considering our rate is 21%?
This post was edited on 6/5/21 at 3:58 pm
Posted on 6/7/21 at 11:06 am to Jorts R Us
quote:
Uh huh. And why aren't they currently "eating" considering our rate is 21%?
Ireland is already eating. Ireland is a tax haven that accounts for 3.7% of lost global corporate income taxes. Being based in Ireland allowed Apple to avoid paying the 13,000,000,000 EUR in corporate taxes to the EU recently.
Hungary is becoming a tax haven, but it still lacks the high skilled labor pool to be attractive to countries. Plus like other central and eastern european countries it is still dealing with a corruption problem.
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