4 ms·
This will be watered down in every way imaginable, escpecially the usual suspects like Malta with a straight up fraudluently advertised 30+ % corporate tax rate
by omgomgomgomg 4y ago
This will be watered down in every way imaginable, escpecially the usual suspects like Malta with a straight up fraudluently advertised 30+ % corporate tax rate ,but they "refund" you everything but 5%, making it an effective 5% tax rate.
There is no way Malta will play along, it is a small state abusing all the EU benefits for nefarious purposes and never contributing anything useful.
This is just an example, there are many, many more more sophisticated schemes like that, Malta is just doing it openly.
- deleted 4y ago[deleted]
- kmlx 4y agoto put things in context, malta is an island country in Europe with a population of ~500k, and a gdp of ~$17B, truly a small state. i think it would be very hard for them to compete with a bigger, more developed country without the incentives you mention. of course taxes are just a part of the discussion, but a part nonetheless.