5 ms·
Sounds good, a tax race to the bottom hurts many more counries than it helps, it's a negative sum game. What's the previous % been so far in major western coun
by fulafel 5y ago
Sounds good, a tax race to the bottom hurts many more counries than it helps, it's a negative sum game.
What's the previous % been so far in major western counries, anyone got a link?
- sharkjacobs 5y agoUS: 21% China: 15%/25% Japan: 29.74% Germany: 29.65% UK: 19% France: 26.5% India: 15%/22% Italy: 27.9% Countries with two values listed have different rates for different types of companies e.g. China has a lower rate for “high-tech” companies https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
- glogla 5y agoThat makes this sound more like a corporate win - 15 % is already the lowest one, and this agreement can be used as a way to wiggle out from something more useful, like revenue tax or VAT.
- ArnoVW 5y agoThese countries were not the problem cases. If you compare it with Ireland however : https://en.m.wikipedia.org/wiki/Corporation_tax_in_the_Republic_of_Ireland https://en.m.wikipedia.org/wiki/Corporation_tax_in_the_Repub... "Ireland's "headline" corporation tax rate is 12.5%, however, foreign multinationals pay an aggregate § Effective tax rate (ETR) of 2.2–4.5% on global profits "shifted" to Ireland, via Ireland's global network of bilateral tax treaties."
- Proven 5y agoClearly you're completely clueless about economics. A tax race to the bottom doesn't hurt anyone but bureaucrats, statists and globalists.