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re: G7 backs Biden's sweeping overhaul of global tax system
Posted on 6/7/21 at 9:34 am to Eli Goldfinger
Posted on 6/7/21 at 9:34 am to Eli Goldfinger
quote:
Non G7 countries finna FEAST!
No they're not. Most are unstable and can't be relied upon for business.
Posted on 6/7/21 at 10:06 am to boogiewoogie1978
quote:
No they're not. Most are unstable and can't be relied upon for business.
I often see China and Russia referenced as two jurisdictions that won't comply. My response to that is "And?" Neither have particularly attractive CIT rates and for obvious reasons they aren't attractive places to park your IP or lending subsidiaries.
Now, countries like Ireland eat but here is no "Finna" about it. Ireland already eats, and it isn't the rate. It's taking advantage of hybrid entities or their treaty network. Then when the EU makes them cave and give up those plays they come up with intangible property plays. Even if Ireland agreed to go to 15%, it wouldn't matter.
This post was edited on 6/7/21 at 10:10 am
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