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Yes, there are laws, they're completely ineffective. They need to end the fiction that subsidiaries of a multinational are in any way independent financially.
by ascorbic 11y ago
Yes, there are laws, they're completely ineffective. They need to end the fiction that subsidiaries of a multinational are in any way independent financially.
- icebraining 11y agoSaying they are not independent doesn't solve the issue of in which country they should pay their income taxes.
- ptaipale 11y agoYou see this claim, and at the same time you see the very same activists insist that there must be "country by country reporting" of independent financial country organisations. Well, that pretty much exists already. But the claim that the laws are "completely ineffective" is unsubstantianted.
- ascorbic 11y agoThe fact that the kind of artificial arrangements exist proves that the laws are meaningless.
- ptaipale 11y agoWhat artificial arrangements? OECD countries in general and CJEC countries in particular have signed agreements that enforce tax rules such that the tax collecting authorities as a rule bypass any artificial arrangements. To be lawful, national tax regulations must be proportionate and specifically aimed at preventing "purely artificial arrangements".