3 ms·
If "high tax" countries have a genuine problem with this then they should reduce their corporate tax. Don't blame the solution, blame the problem. If corporate
by charlesdm 11y ago
If "high tax" countries have a genuine problem with this then they should reduce their corporate tax. Don't blame the solution, blame the problem.
If corporate tax is 30-35%, people are going to try and optimise as much as humanly possible. If corporate tax is between 10 and 20%, it becomes a lot less of an issue.
- Marazan 11y agoIts has very little to do with the tax rate (although the low corp rate does help) it is to do with arbitraging tax law that effectively makes all profits in the EU bar those made in Ireland untaxed. Just to be clear, it is not that all EU profits are getting taxed at Ireland rates, it is that almost all EU profits are not being taxed at all.