2 ms·
I am sure the topic is complex, but from the article: > The company, Microsoft Round Island One, posted profits last year equal to nearly three-quarters of Ire
by yosamino 5y ago
I am sure the topic is complex, but from the article:
> The company, Microsoft Round Island One, posted profits last year equal to nearly three-quarters of Ireland’s entire gross domestic product (GDP) – despite having zero employees.
That, to me, sounds like maybe the plan to collect personal income tax on salaries might not be so straight forward.
- rwmj 5y agoI think the argument is that it would be collected on the sales and expenses of the companies that "feed into" this employeeless entity. Those other companies probably aren't located in Ireland or Bermuda, but around the world, resulting (in theory) in a more even distribution of tax receipts.