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This sounds like a way to tax corporate profits in proportion to the amount of VAT, property tax, employment taxes, etc. already paid in each country. Wouldn't
by iguy 6y ago
This sounds like a way to tax corporate profits in proportion to the amount of VAT, property tax, employment taxes, etc. already paid in each country.
Wouldn't it be simpler just to tax those things? We already collect those taxes, and can set any rates we wish. Why not just abolish the the tax on corporate profits?
- zeroimpl 6y agoI don’t necessarily agree with your conclusion, but I do think it’s important to emphasize that Apple is collecting VAT across the EU and paying large quantities of money to all EU countries as a result. The amount of tax revenue generated by VAT will be an order of magnitude larger than income tax, since the former is on revenue and the latter is on profit.