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Anyone got a list of the countries? I tried googling around a bit to try to find it. At least other articles[1] mention all G20 countries are on board. That wou

by ginko 5y ago

Anyone got a list of the countries? I tried googling around a bit to try to find it. At least other articles[1] mention all G20 countries are on board. That would include India, Russia and most importantly China. [1] https://www.bbc.com/news/business-57573380 https://www.bbc.com/news/business-57573380

mikeha 5y ago
https://www.oecd.org/tax/beps/oecd-g20-inclusive-framework-members-joining-statement-on-two-pillar-solution-to-address-tax-challenges-arising-from-digitalisation-july-2021.pdf https://www.oecd.org/tax/beps/oecd-g20-inclusive-framework-m...
- balsamiq 5y ago
  Notably absent from the list: Ireland.
  - Mortiffer 5y ago
    Low corpate tax countries not on the list: Ireland 12.5%, Kuwait 0%, Hungary 9%, Kosovo 10%, kyrgystan 10%, Lichtenstein 12.5%, Moldova12%, Sark 0%(UK related but only had 1 active bank so perhaps they did not need it on the list ) I am surprised that they managed to get most of the typical island states on the list to convert. And it will be super interesting if Kuwait and Sark can stay strong or if new companies will take the opportunity to address this market. https://en.m.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.m.wikipedia.org/wiki/List_of_countries_by_tax_rat...
    - csomar 5y ago
      Kuwait is not really popular to headquarter your company (the UAE is), and they have lots of oil. I think it'll be hard to convince them otherwise.
deleted 5y ago
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AnimalMuppet 5y ago
I worry about a place like Russia. I could easily see them signing on to this. 15% of profit, just like everywhere else. But the reality might turn out to be that, for 1% of profit, under the table to the right person, they'd only take 5% of profit, but supply you with the paperwork saying that they took 15%. You know that someone will do that. If not Russia, someone else. There's too much money for it not to happen.
- foota 5y ago
  Big companies would avoid this like the plague.

by ginko 5y ago

mikeha 5y ago

https://www.oecd.org/tax/beps/oecd-g20-inclusive-framework-members-joining-statement-on-two-pillar-solution-to-address-tax-challenges-arising-from-digitalisation-july-2021.pdf https://www.oecd.org/tax/beps/oecd-g20-inclusive-framework-m...

balsamiq 5y ago
Notably absent from the list: Ireland.
- Mortiffer 5y ago
  Low corpate tax countries not on the list: Ireland 12.5%, Kuwait 0%, Hungary 9%, Kosovo 10%, kyrgystan 10%, Lichtenstein 12.5%, Moldova12%, Sark 0%(UK related but only had 1 active bank so perhaps they did not need it on the list ) I am surprised that they managed to get most of the typical island states on the list to convert. And it will be super interesting if Kuwait and Sark can stay strong or if new companies will take the opportunity to address this market. https://en.m.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.m.wikipedia.org/wiki/List_of_countries_by_tax_rat...
  - csomar 5y ago
    Kuwait is not really popular to headquarter your company (the UAE is), and they have lots of oil. I think it'll be hard to convince them otherwise.

deleted 5y ago

[deleted]

AnimalMuppet 5y ago

I worry about a place like Russia. I could easily see them signing on to this. 15% of profit, just like everywhere else. But the reality might turn out to be that, for 1% of profit, under the table to the right person, they'd only take 5% of profit, but supply you with the paperwork saying that they took 15%. You know that someone will do that. If not Russia, someone else. There's too much money for it not to happen.

foota 5y ago
Big companies would avoid this like the plague.