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Unfortunately in all countries (except one) Meta et all have no income on which to be taxed as the costs to support the operation in your country are oddly outw
by pasc1878 3y ago
Unfortunately in all countries (except one) Meta et all have no income on which to be taxed as the costs to support the operation in your country are oddly outweighed by the payment for using the name they have to make to the country where Head Office is.
- acover 3y agoDo you have to tax income? Can't you tax social media companies $2 per user per year that have more than 1 million members or by any other metric you like?
- martin8412 3y agoYou just tax them on gross income if their UBO isn't in a country with a tax agreement.
- pasc1878 3y agoBut most countries DO have a tax agreement with USA or China which is where most of the multinationals are based.
- toast0 3y agoTax on ad revenue based on location of user rather than income then. If you want to play nice with local companies, have it offset against income tax, so it's revenue neutral with respect to local broadcasters and billboards, but not for international companies that transfer price all their Canadian income elsewhere.
- pg_1234 3y agoThe income generating event occurs where someone sees their ads. There's a simple experiment that would prove this: Prohibit Meta from displaying any adverts on any screens in Canada. When they complain about loosing money, say; OK you can show the ads, but we're taxing you on that money/incone you said you were loosing.