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That will mean that the money Facebook makes around the world is just taxed at whatever country Mark Zuckerberg lives. It doesn't look like it can work in such
by kartan 10y ago
That will mean that the money Facebook makes around the world is just taxed at whatever country Mark Zuckerberg lives. It doesn't look like it can work in such a globalized world.
- grahamburger 10y agoWell, not really ... Also any country with Facebook employees, or with Facebook investors, or with companies deriving value from Facebook's platform.
- kuschku 10y agoWhich might all end up being in the US. Meaning Austrian people pay money to a US corporation, the money is lost from the Austrian circulation, and won’t be taxable either. That issue – of global profits all being moved into the US or taxhavens – has happened for many years now, and is severely hurting the economies of many countries.