2 ms·
The article talks mostly about proposed minimum CT rate. It seems like something FAANG companies would love to be implemented - as they can say you see we are i
by varispeed 5y ago
The article talks mostly about proposed minimum CT rate. It seems like something FAANG companies would love to be implemented - as they can say you see we are in the clear, the tax avoidance measures are up and we comply... and then they continue to hide profits, meaning business as usual.
This meeting seems like virtue signalling rather than something with material consequences.
I hope I am wrong.
- toyg 5y agoFAANG are the declared target of this action, if they find loopholes too quickly these governments will throw the book at them. A pound of flesh is necessary, at least for some time. I don't doubt that they'll find new loopholes eventually, but for a while they'll have to pay more.
- varispeed 5y agoCT is the easiest tax to avoid and FAANG companies can provide states with a wealth of surveillance data. I think it will be the business as usual.
- Ericson2314 5y agoThere being political movements to end the race to the bottom is still a huge step. I can't imagine this ending in appeasement rather than a thirst for more.