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> * the pact includes provisions to ensure that multinational companies pay tax where they generate sales and profits, and not just where they have a physical p
by MR4D 5y ago
> * the pact includes provisions to ensure that multinational companies pay tax where they generate sales and profits, and not just where they have a physical presence*
Will be interesting to see how Alibaba and other Chinese multinationals deal with this.
If they aren’t fully into this, then the whole thing will not work as intended.
- wolverine876 5y agoWhy not? If the Chinese government and the governments where they do business chose to enforce it, then the companies will be paying.
- zsz 5y agoChina will be first in line for this, since it finances its own corporations already (meaning, any tax collected from party-controlled entities -- i.e. all of them -- is reinvested in the same, thus automatically conferring a competitive edge over foreign entities.